What happens when the cloud goes down?
Re/insurers are exposed to the accumulation of cloud outage risk through contingent business interruption (CBI) coverage granted under cyber insurance policies.
Long-duration outages of widely used cloud infrastructure can cause financial losses to the insured that could be translated to significant insurance losses in their portfolios.
Many insurers lack a clear view of their risk exposure to cloud outage. They have difficulty identifying and quantifying the risk, and consequently, face challenges in devising effective risk management or transfer strategies.
Our Technology and models help re/insurers to detect their clients cloud infrastructure, identify major accumulation points, and estimate the insurance losses in cases of different RDSs.