Insurance provider Risk has introduced Cyber COPE , a new model for underwriting cyber risks to improve assessments of security and privacy risks . Authored by Ross Cohen, director of cyber/privacy services at Chubb, the advisory outlines how the COPE methodology – used by property underwriters for nearly 300 years – can be modified to measure cyber risk. The company developed a set of questions at the core of this methodology to provide necessary data elements that help underwriters comprehensively assess cyber risk . The questions , such as " How many endpoints are covered by your company ? " are based on those used by property developers and require quantifiable responses that Chubb expects will reduce subjectivity between customers and brokers .
Insurance provider Risk has introduced Cyber COPE , a new model for underwriting cyber risks to improve assessments of security and privacy risks . The company developed a set of questions at the core of this methodology to provide necessary data elements that help underwriters comprehensively assess cyber risk . The questions , such as " How many endpoints are covered by your company ? " are based on those used by property developers and require quantifiable responses that Chubb expects will reduce subjectivity between customers and brokers .