Cyber risk modeller Kovrr has announced a collaboration with Deutsche Rück designed to help support the reinsurer’s cyber risk modelling capabilities.
As part of the agreement, Kovrr will implement a platform to provide Deutsche Rück with validation analysis.
Kovrr says its solution provides re/insurers with models built bottom-up, utilising data that closely corresponds to risk composition by territory, industry, entity size.
“We’re aware of the challenges of modeling cyber risk,” said Thomas Axer, Head of Central Underwriting Management at Deutsche Rück.
“We want to make sure we’re properly accounting for all types of events that may come our way, by validating our own analyses with Kovrr’s support.
“Kovrr’s platform delivers best in class analytics and unique views of risk which gives us confidence in the insights provided.”
Yakir Golan, Chief Executive Officer of Kovrr, said, “Kovrr’s financial cyber risk quantification solutions are a perfect fit for the reinsurance market and provide risk professionals with new insights to better understand and quantify cyber risk. We’re thrilled to be a part of Deutsche Rück’s cyber insurance journey.”
