Squalify Launches 24-Hour Cyber Risk Quantification Product, Essential CRQ

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Estimated reading time: 3 minutes

Squalify presents CRQ as a fast, practical tool for executives who need quick, strategic insights into cyber risk. Essential CRQ provides a clear dollar estimate of digital risk in about 24 hours, using Squalify’s loss data and Munich Re’s expertise to deliver results ready for decision-making.

HOW ESSENTIAL CRQ WORKS

Building on this fast-tracked approach, Essential CRQ collects 42 targeted data points from an organization. The platform then runs Monte Carlo simulations for cyber loss modeling. The output includes worst-case loss scenarios and annual loss expectancy. It also models large-loss events across recurrence periods. Users receive loss component breakdowns that show major drivers. The report translates cyber risk into dollar ranges for executives. The report also rates control adequacy against the organization’s cyber exposure.

Squalify Essential CRQ cyber risk metrics and cyber risk modeling for cyber insurance

“We designed this product to give executives a clear financial view of cyber risk without months of data gathering, complex spreadsheets, or opaque assumptions,” said Asdrúbal Pichardo, CEO of Squalify.

IMPLICATIONS FOR CYBER INSURANCE

Essential CRQ helps executives make better decisions about cyber insurance and benchmarking. Brokers can add the service to their advisory process for more value. API integration makes quoting, renewals, and negotiations more efficient. The reports offer financial metrics to support discussions with insurers.

“KROSE’s cyber insurance advisory is already among the best in the market. With Squalify, we give our clients an outstanding way to quantify cyber risks in financial terms and tailor their coverage even more precisely to their actual needs, “ Leopold Muhle of KROSE, a leading broker for industry insurance and Squalify customer.

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PRODUCT TIERS AND SUPPORT

Essential CRQ also serves as an entry point to Squalify Enterprise CRQ. The enterprise tier adds security control, ROI analysis, and decision-impact simulations. It also supports multi-entity cyber risk steering and management reporting. Squalify offers optional expert support and API access across both tiers.

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WHY IT MATTERS

These features are especially important now. Cyber risk modeling is complex. Executives must meet new regulations that require clear, measurable insights from cyber risk modeling. CFOs and CROs can use the results for capital planning and strategic risk reviews. Actionable metrics connect investments in controls to measurable risk reduction, helping justify budgets and speed up insurance processes.

Martin Hinton

Martin Hinton is the Executive Editor and Publisher of Cyber Insurance News and Information. With over three decades of journalism experience across six continents, his work encompasses investigative reporting, documentaries, and coverage of cultural, political, and business news. To learn more about his career, click on his name to visit his LinkedIn page.

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