Kovrr - Cyber Risk Quantification

Why Kovrr?

Communicate Cyber Risk in Financial Terms

Enhance the board and C-Suite’s decision-making process by financially quantifying cyber risk.

Cybersecurity Investment Optimization

Prioritize and justify cybersecurity investments based on business impacts and risk reduction.

Measure Cyber Security Programs’ Effectiveness

Assess the ROI of your cybersecurity program and stress test it based on potential risk mitigation actions, thereby supporting better resource allocation.

3rd Party Vendors Cyber Risk Exposure Analysis

Financially quantify cyber risk within your supply chain. Gain insights Into 3rd and 4th party exposure.

Regulatory Compliance and Governance Reporting

Meet increased demands from regulators to continuously quantify and manage cyber risk exposure.

Cyber Insurance Coverage and Price Optimization

Identify gaps between risk mitigation impact versus risk cyber insurance spending and needed coverage for 1st party and 3rd party.

Quantitatively Benchmark and Compare your Cyber Risk Exposure

Benchmark to your industry peers and internally compare between different business entities in a consistent, measurable and accurate way.

How we do it?

Data Collection

Kovrr has developed its own proprietary data sources and partnered with world leading third party data providers to compile and continuously update an extensive view of the cyber risk landscape. Curated data includes frequency of cyber attacks, financial impact of incidents and security resilience of millions of organizations worldwide. In addition, Kovrr allows you to leverage your preferred cybersecurity vendors’ data and embed into its CRQ modeling framework.

Data Modeling

Our platform quantifies financial exposure by pinpointing cyber attacks and third party failures that can lead to significant financial losses. The potential financial loss is quantified by leveraging proprietary data and statistical methods, providing accurate insights into the potential financial damage affecting a business and across portfolios of enterprises, subsidiaries and third party vendors.
Kovrr’s platform serves two types of business entities: enterprises and insurance carriers. Serving these different types of business entities, provides a very unique flow of data that can be used to train and bring cyber risk quantification models to a level of accuracy and precision that is otherwise impossible.

Data Insights

View modeling scenarios that contain hundreds of thousands of simulated events to reveal how cyber risk manifests itself within an organization and details of the financial impact of each scenario on the business. Share built-in reports with the board and executive stakeholders to help bring about a holistic view of your organization’s cyber risk.

Kovrr’s CRQ platform has been essential for us to routinely monitor and manage our changing cyber exposure so we can better understand the business impact and make more informed decisions. Seeing the potential financial impact of cyber risk also improves communication around cybersecurity from IT to our risk managers and executives.״

Avi Benaroya

Founder and CEO of SwimOutlet.com's parent company Spiraledge Inc.

This enables our largest global clients to seamlessly and continuously financially quantify their cyber risk exposure with confidence. It provides the insights CISO's and Board executives need to prioritise and manage their cyber security initiatives to reduce their cyber risk exposure.”

Takeshi Doi

Chief of Cyber Risk, MS&AD InterRisk Research & Consulting, Inc

A robust impact-based modeling framework is key for assessing future events, and so we are excited to partner with Kovrr and leverage its proprietary view of cyber risk “

Jon Laux

Head of Cyber Analytics, AON

CRIMZON™ are valuable indicators and enablers of further development of the cyber insurance market. Using the CRIMZON™ allows us to get better portfolio segmentation and be able to focus our attention on significant exposure areas

Ms. Timea Töröcsik

Head of Global Financial Lines Portfolio Management & Pricing, Allianz Global Corporate & Specialty (AGCS)

Based on robust event catalog data and industry leading usability, Kovrr’s intuitive and transparent platform allows us to better understand and manage cyber risk to improve our decision making"

Oscar Taboada

Oscar Taboada, Head of cyber, Mapfre Re

Kovrr will add a new dimension to our existing expertise.
Modelling the impact of cyber incidents is key to supporting the further growth of the cyber reinsurance industry”

Tom Quy

Cyber Practice Leader, Acrisure Re