Cyence: Guidewire Risk Analytics & Modeling for Cyber Insurance
Cyence
Cyence
Get unprecedented insights to assess and model cyber security risk. Fueled by the latest exposure data and fortified insurance models, Cyence delivers cyber risk analytics that help insurers underwrite, manage, and transfer cyber risk with confidence.
Cyber insurance providers benefit by underwriting more accurately, understanding enterprise risks, and protecting the overall profitability of the company.
Quantify Cyber Risk
Quantify the risk and economic costs of cyber attacks for individual companies and portfolios. Cyence’s risk analytics tools enable the insurance industry to make better cyber underwriting, portfolio management, and risk-transfer decisions.
Underwrite Better
Make better, data-driven cyber underwriting and pricing decisions based on underwriter-designed dashboards and reports – powered by sophisticated analytics. Quickly understand the underlying financial risk of companies and their need for cyber insurance.
Understand Enterprise Risk
Gather insights to make smarter enterprise risk management decisions. Use Cyence's ERM-friendly tools and insights to evaluate portfolio risks, protect the overall profitability of the company, and grow your business.
Understand the latest threats, improve underwriting decisions, and manage portfolios accurately.
Get the most current view of cyber risk with Cyence Model 6.
Model and Quantify Cyber Security Risk for Companies and Portfolios
Cyence enables cyber insurers, reinsurers, brokers, and MGAs to model and quantify cyber risk in financial terms.
Evaluate Companies
Evaluate individual companies based on their exposure signals, the probability of a data breach or targeted ransomware incident, and the severity of an incident, in terms of financial loss.
Manage Portfolios
Assess and quantify risks affecting portfolios and overall business with cyber risk analytics. See overall KPIs and benchmarks in your portfolio and drill down into segments and accumulation paths.
Model Scenarios
Run simulations of common-to-catastrophic events to see how events affect your entire portfolio or business.
Cyence Streamlines Underwriting and Portfolio Management
Use one model for individual risks and accumulation to get the same, consistent view of risk across your entire organization.
Improve Risk Selection
Augment underwriting information with 40+ exposure signals, probability of incidents, and loss analysis.
Inform Pricing
Use modeled loss estimates to address pricing adequacy for companies and portfolios.
Manage Enterprise Risk
Evaluate and track portfolio health through rich exposure data, modeled loss analyses, and accumulation risks.
Design New Products
Launch new ratings products by understanding the financial impact of cyber risk on companies.
Realize Growth
Protect loss ratios and grow your business with better decision-making.
Learn More About Cyence. Request a Call, Schedule a Demo, or Ask Us a Question.
Trusted by Top Cyber Insurers, Reinsurers, Brokers, and MGAs
Trusted by Top Cyber Insurers, Reinsurers, Brokers, and MGAs
An Unmatched Commitment to Our Customers
“We selected Guidewire because it has a strong reputation for being one of the top cyber risk vendors, especially for transparency, in-house data collection, and market validation.”
Yoshifumi Yamamoto, Director of Cyber Risk Modeling, At-Bay
“We selected Cyence because it’s the market leader, especially for transparency, robust data collection, and validation by the marketplace.”
Jamie Bouloux, President & CEO, EmergIn Risk
“I was blown away by the amount of information that Cyence could tease
out of publicly available sources and track Internet footprints and the like. Cyence's ability to take that quantitative information and tease out useful data for carriers is why we bought the tool.”
Brad Gow, Global Cyber Leader, Sompo International
“A lot of the tools are linking up with existing clients and brokers to provide pricing and capacity at the individual risk level and an automated pass-through to a portfolio manager. And that's as much about integration as it is about new complex technology. It's really can we integrate in a way that delivers this seamless connectivity into the clients.”
Ian Branagan, Former Chief Risk Officer, RenaissanceRe
“Using either external data sources or data from within the portfolios, working closely with Guidewire Cyence we’ve been able to understand the risk or the inherent risk within our portfolio for cyber.”
Daljitt Barn, Head of Innovation Lab, Tokio Marine
