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AXA XL increases usage of risk modelling tool

No single organisation is able to define and keep on top of best practise. Threat and Risk Modelling as a Service (TRiMaaS?) has become a thing at multiple levels. For business cyber risk there are platforms like the one adopted by AXA XL (below). For developers there are platforms like ThreatModeler …:

Following the successful adoption of Guidewire Cyence Risk Analytics (Cyence) by AXA XL’s cyber insurance business in North America, the major insurer is now rolling out the risk modelling tool not only across business lines but also globally.

Designed to help quantify the financial impact of cyber risk exposures, Cyence uses real-time analytics and expertise in predicting the probability of a cyber event for a company. It helps underwriters and pricing specialists by significantly enhancing the underwriting process and AXA XL’s offering.


Original article here

Peter Glock
Over 30 years of designing, building and managing telecoms and IT services. Primarily working with large enterprise and professional services businesses in Asia, North America, continental Europe and the UK. Information security professional, secret physics nerd.

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