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Volume 30, Issue 1

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Tuesday, 24 June 2014 16:31

Marsh launches cyber risk financing optimisation model

Although cyber attack now ranks among the top risks facing the global business community, many European boards face the challenge of adequately analysing and assessing how the threats associated with technology and the internet may affect their organisations.

To assist these firms in managing these cyber risks more effectively, Marsh has developed a model that helps users identify and evaluate the cyber risk scenarios they face, analyse their insurability and risk tolerance, and then model their insurable and non-insurable losses. The reporting data can then be used for risk financing, in the insurance market or through self-insurance.