Boston-based risk modeling firm AIR Worldwide is partnering with global reinsurance broker Capsicum Re to develop deterministic and stochastic models to help firms better assess and quantify silent cyber exposure. The new model will be used by the insurer in its ongoing research on how to best protect itself from cyberattacks.
Boston-based risk modeling firm AIR Worldwide is partnering with global reinsurance broker Capsicum Re to develop deterministic and stochastic models to help firms better assess and quantify silent cyber exposure. It occurs when cyber risks are not specifically included or excluded from policy document wording, potentially exposing firms to unexpected losses.