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    IEDIndustry Exposure Databases (IED)

     

    Enabling cyber (re)insurance to reach new heights

    In other areas of catastrophe modeling, Industry Exposure Databases provide foundations for all modeled industry loss estimates. With the release of the world’s first set of detailed cyber-exposure databases, the cyber (re)insurance market can now reach new heights.

    CyberCube’s Exposure Databases comprise two primary elements: the Economic Exposure Database (EED), and the Industry Exposure Database (IED). The combination constitutes a detailed collection of information on insurable companies, their respective exposures, and a representative set of the insured market.

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    With CyberCube’s Exposure Databases you can...

    Whether you’re launching into the cyber insurance space for the first time, or evaluating new strategies in this growing line of business, the Exposure Databases provide a solid foundation for cyber risk models. These databases enable insurers to better understand the segments they are underwriting or could be covering. With the cyber IED, (re)insurance professionals can gain a clearer picture of what drives cyber risks.

    direct support

    Analyze potential growth strategies

    • - Identify underserved segments that could be profitable
    • - Mockup realistic data to produce quick estimates of losses and premiums
    enhanced information

    Perform real-time event analyses and sensitivity analyses

    Assess real time losses as cyber incidents occur

    excedence return

    Create proxy portfolios for planning purposes, reinsurance, or ILS transactions

    Create synthetic portfolios for use in (re)insurance/ILWs applications
    agility and responsiveness

    Validate models and manage model changes and conduct industry benchmarking analysis

    • - Check how model changes compare to the industry
    • - View an organization’s exposure and risk vs. the market

    Exposure Data Sources

    The IED uses multiple data sources including:

    • CyberCube Data
        • Client feedback from the majority of the cyber (re)insurance and broking market
      • Technology dependency and enterprise intelligence data
      • Anonymized and aggregated product data
    • Industry expert feedback
    • US Census Data
    • US Public Sector Census Data
    • Public Sector Occupational Employment and Wage Statistics

    Workflow integrations

    (Re)insurance companies can add IED to their current workflows and other licensed CyberCube products to round-out their view of cyber risk.