Allianz Teams up With Cyence to Boost Cyber Risk Modeling and Analysis
By a
In a second initiative, AGCS plans to integrate
"We are moving our underwriting approach from hindsight to foresight," explains AGCS Board Member
AGCS has previously announced a similar partnership with liability modeling specialist Praedicat. While Praedicat focuses on analyzing big data to identify risk trends in liability,
In parallel, cyber risk increasingly features on boardroom agendas, with some larger companies now looking to purchase cyber insurance coverage for up to €500 million in losses. The global cyber insurance market is expanding quickly and is predicted to rise from
AGCS will use the
In a further project, AGCS and
Worldwide, AGCS operates in 32 countries with own units and in over 210 countries and territories through the
AGCS SE is rated AA by
For more information please visit www.agcs.allianz.com or follow us on Twitter @AGCS_Insurance, LinkedIn and Google+. About Cyence Cyence empowers the insurance industry to understand the impact of cyber risk in the context of dollars and probabilities.
Keywords for this news article include: Legal Issues, Information Technology, Information and Data Analytics,
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