Artemis ILS NYC 2019

Menu

Reinsurance News

Israel’s Kovrr launches predictive cyber risk modelling platform

24th April 2018 - Author: Luke Gallin

Tel Aviv, Israel headquartered cyber risk modeller, Kovrr, has announced the launch of a predictive cyber risk modelling platform for the property and casualty (P&C) insurance and reinsurance sectors, designed to enable re/insurers to better manage and underwrite cyber risks.

Kovrr logoAccording to Kovrr, on a daily basis it analyses millions of emerging cyber threat signals, which it collects from a range of proprietary intelligence sources. The company’s model utilises an artificial intelligence (AI) engine that combines structured and unstructured data sources into actionable risk insights, and in real-time.

Kovrr’s new platform provides insurance and reinsurance clients with the ability to confidently assess, quantify and manage their cyber risk exposures in cyber insurance, while providing their clients with advice around preventative measures.

“In Kovrr, we bring forward our unique experience in cyber threats intelligence, cyber risk modelling, coupled with cyber insurance underwriting experience,” said Yakir Golan, Co-founder and Chief Executive Officer (CEO), Kovrr.

The company has been founded and led by three veterans of the Israeli intelligence corps, which bring together multidisciplinary experience and unique expertise in the cyber risk world.

The firm utilises its “actionable global threat intelligence stream” alongside advanced machine learning, AI, and real-time risk modelling, to provide insurers and reinsurers in the global P&C industry with advanced cyber risk modelling capabilities.

Golan, continued: “The speed and scope of the rapid changes in the cyber threats landscape create a challenge to Insurers and Reinsurers in assessing their risk exposure in new policies as well as in current cyber insurance portfolio. We provide our customers immediate visibility into internal and external cyber risks for any size of organization, enabling them informed risk selection and continuous risk exposure management.”

The company also notes that it recently successfully graduated from Accenture’s Fintech Innovation Lab Program, and was the only Insurtech company to present on graduation day.

Recent Reinsurance News

Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.

  • Only email is mandatory, but the more you tell us about yourself the better we can serve you in future!
  • This field is for validation purposes and should be left unchanged.

By submitting the form you are giving your consent to be emailed by us.

Read previous article:
RGA adds two to Board of Directors

International life and health reinsurer, Reinsurance Group of America (RGA), has announced the appointments of John J. Gauthier and Hazel M....

Close