Evaluate accurate exposure and accumulation risk through cyber risk modelling

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Presented by

Katharina Burmeister, Hannover Re, Lawrence Baldino, DUAL North America, Andy Rear, Insurtech Advice, Steve Fox, Kynd

About this talk

As the demand for capacity within the cyber insurance market continues to grow, pressure is increasing for insurers and reinsurers to improve their understanding of the accumulation and catastrophe exposure within their portfolios. As a result, insurers are looking for more accurate insights and alternative modelling options. Predictive modelling is currently the prevalent approach, however its weaknesses could mean carriers are missing out on the highly valuable scenario-driven insights that can be provided by a more definitive, technologically driven approach. In this webinar, Intelligent Insurer brings together industry experts to discuss how cyber risk modelling will need to change to adapt to the dynamic nature of the risk, enabling the insurance industry to better quantify cyber exposure. In this 1-hour webinar, our panel of experts will discuss how to: Examine the evolving cyber risk environment and the growing concerns in the insurance world about accumulation risk. Explore the limitations of traditional catastrophe modelling in the context of today’s threat landscape. Leverage more definitive, tech-driven modelling approaches in cyber catastrophe scenarios to effectively identify loss drivers and areas of risk accumulation. Unlock alternative capacity in the market by gaining insights into more accurate and evidence-based catastrophe modelling. How utilising definitive catastrophe modelling can contribute to overall market stability in cyber insurance and satisfying future regulatory evolution
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