“’Regardless of whether ILS (Insurance-Linked Securities) markets are not fully appreciating the differences between NatCat and cyber, a demonstration that the original risk is being assessed with appropriate granularity is essential for confidence in capital application and price for required returns. Otherwise, there is still too large an element of guess work, which would actually impact the whole risk value chain and not just the ILS investors’ appetite. Evidence-based data-driven Second Generation Cyber Risk Quantification platforms will eliminate the guess work, and empower ILS investors to pilot cyber-ILS instruments and deploy capital,’ concluded (DeNexus CEO Jose) Seara.
In an interview with Artemis, specialist provider of software for cyber risk quantification for large industrial and critical infrastructure corporates,
Source: Cyber ILS and the need to eliminate the guess work: DeNexus – Artemis.bm