DeNexus, a provider in cyber risk modeling for industrial networks, has announced plans to launch its subsidiary, DNX Intermediaries (Bermuda) Ltd, this year.
This announcement came as DeNexus also announced significant investments from energy and insurance companies to meet the escalating global demand amid evolving cyber threats to critical infrastructure and OT (operational technology) environments.
According to the announcement, the organisation intends to use strategic investments to accelerate the enhancement of its flagship DeRISK platform, as well as establish and grow a market presence within these key industries.
DeNexus noted that its long-term growth strategy involves enhancing its capacity to assist industrial organisations, underwriters, re/insurers, and insurance-linked securities (ILS) investors in comprehending the risks associated with cyber attacks on industrial companies and critical infrastructures.
In addition, the company’s modelling and risk management capabilities have empowered industrial clients to enhance their cybersecurity, implement ROI-driven risk mitigation strategies, secure insurance coverage, optimise policy premiums for better coverage, perform prudent capital management, as well as meet new compliance regulations.
Jose Seara, Founder and Chief Executive Officer of DeNexus, commented: “The incredible growth we have had, coupled with investments from major players in the industries we serve, is testament to DeNexus’ vision, value and year-on-year track record as a market leader in cyber risk modeling and risk transfer.
“As we embark on this exciting phase of growth, we are looking forward to building a full stack solution for cyber risk and continuing to help companies take control of their cyber risk.”
