is spokesman of Deutsche Rück and head of our Communications Department
Phone: +49 211 4554-123
Düsseldorf, 17 December 2020 – Deutsche Rück is implementing an innovative approach developed by Kovrr to validate their cyber risk modelling.
Kovrr, a cyber risk modelling company, today announced that they will collaborate with Deutsche Rück, an international reinsurer and leading reinsurer in Germany, to support Deutsche Rück’s own cyber risk modelling by implementing the Kovrr platform to validate analyses.
Kovrr’s solution provides (re)insurers fully optimized models built bottom-up, utilizing data that closely corresponds to risk composition by territory, industry, entity size, and technologies/ services used by insureds, allowing reinsurers the ability to assess their cyber risk exposure, including circumstances where data on the risk composition is limited.
“We’re aware of the challenges of modelling cyber risk”, said Thomas Axer, Head of Central Underwriting Management at Deutsche Rück. “We want to make sure we’re properly accounting for all types of events that may come our way, by validating our own analyses with Kovrr’s support. Kovrr’s platform delivers best in class analytics and unique views of risk which gives us confidence in the insights provided.”
Yakir Golan, CEO of Kovrr, said, “Kovrr’s financial cyber risk quantification solutions are a perfect fit for the reinsurance market and provide risk professionals with new insights to better understand and quantify cyber risk. We’re thrilled to be a part of Deutsche Rück’s cyber insurance journey.”
Kovrr’s cyber risk modeling platform delivers global (re)insurers transparent, data driven insights into their affirmative and non-affirmative cyber risk exposures. The Kovrr platform is designed to help underwriters, exposure managers and catastrophe modelers understand, financially quantify and manage cyber risk by utilizing AI-powered risk models. For more information visit www.kovrr.com.