Trusted by Industry Leaders
Modelling the impact of cyber incidents is key to supporting the further growth of the cyber reinsurance industry.
Kovrr's Cyber Risk Quantification platform enables decision makers to understand and financially quantify the changing profile of their cyber risk exposure.Learn More about Cyber Risk Quantification
Evaluate and assess the financial exposure of your company by quantifying the likelihood and impact of cyber events.Learn more about cyber risk quantification ➔
Enhance the board and C-Suite’s decision-making process by financially quantifying cyber risk.Learn more about our reporting solution ➔
Incorporate cyber preparedness into your organization’s business continuity plan (BCP) by identifying the potential impact of a cyber incident on your organization's critical business operations.Learn more about cyber risk impact scenarios ➔
Build data-driven risk mitigation strategies. Kovrr's recommendations allow organizations to lower their cyber risk exposure by operationalizing the insights generated by the model.Learn more about our quantified impact-based recommendations ➔
Assess the ROI of your cybersecurity program and stress test it based on potential risk mitigation actions, thereby supporting better resource allocation.Learn more about our ROI tools ➔
Uplift your TPRM & GRC program by understanding the contribution of a third party to your overall cyber risk exposure.Learn more about our third party risk modeling ➔
Kovrr provides you with insight into how your policy would perform based on your current cybersecurity threats including simulation loss breakdowns.Learn more about cyber insurance optimization ➔
“I’ve been eager to embrace cyber risk quantification for years but struggled to find a cost-effective path forward. Kovrr offers an actionable and validated cyber risk quantification platform. We’re excited to satisfy long standing risk management goals, while we mature our internal dialogue, refine budget allocation, and realize savings.‘’
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.״
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.”
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 “
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
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"
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”
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.
Kovrr's model predicts the company's cyber risk by running thousands of simulations to find all possible outcomes to produce a full risk distribution. Cyber risk modeling needs to take into account the cyber data about the company and cross-reference it with the industry data along with the cyber context in which the company operates. We use a business impact based approach in which impact scenarios reflect types of losses summarized into six categories that align with standard insurance coverages.
Transform cyber security data into financially quantified cyber risk. Kovrr provides a financial risk overview including high, average, and low exposure loss analysis, trends, industry benchmarks, business impact scenarios, and more. Insights include an analysis of a company's security controls and recommendations for reducing financial exposure by control upgrade, including ROI for selected cybersecurity control projects. Additional risk transfer recommendations are provided based on current cyber insurance terms and conditions and a company's cybersecurity posture. Users can also understand their exposure to third-party cyber risk for a completed view to better manage their cyber risk.
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October 11, 2023
Kovrr has been recognized in the Gartner Hype Cycle for Cyber Risk Management this year.