Wording Analysis

Get information on our wording analysis process today.

Industry Recognition

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Cyber Insurance Wording Analysis FAQs

Speak to an Expert to Learn More

What information do I need to provide for the wording analysis of my policy?

For Kovrr's cyber insurance wording analysis process, you'll need to sit down with one of our risk experts, review all of the relevant policy documents, and discuss important details such as coverage limits and exclusions. We'll also need information regarding your companies' various sizes, industries, and revenues, as well as how you've aggregated them into portfolios. Using this information, we can then compare expected cyber risks with your offered coverage.

How does Kovrr analyze my policy and identify areas of over or under-coverage?

Kovrr weighs your current cyber insurance policy against the outcomes generated by our cyber risk quantification solution. Our CRQ platform illuminates the likelihood and relative severities of specific events and business loss scenarios faced by your organization. With this data, we can then ensure that insurance terms address these unique cyber risks and provide precise coverage or specifically exclude certain risks if necessary.

Can Kovrr assist in optimizing my cyber insurance policy based on the analysis?

Yes. During the cyber insurance wording analysis, we will also review your deductibles, limits, and sub-limits and subsequently compare them with your organization's likelihood of exceeding those thresholds based on its unique risk landscape. With these more customized, granular risk insights, you'll be equipped with the data necessary for negotiating for figures that better represent the precise losses your organization faces.

What types of businesses are most at risk of under or over-covered policies?

While unexpected risks occur throughout all industries, certain sectors are more prone to them. These sectors include property, engineering, casualties, and professional indemnities. Whether you are providing insurance or receiving insurance in one of these areas, it's important to have your policy wording analyzed and compared to a more accurate forecast of event likelihoods and severities to achieve optimized terms.

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