March 2019 – The proper underwriting of cyber risk is a critical issue for insurers as they see strong growth in new lines of business and deal with many unknowns. Cyber liability covers a broad range of risks, from first-party to third-party, from data breaches to physical damage resulting from hacking or malware.

Established providers and startups are trying to gain a foothold in the space as the technology to help with cyber liability risk assessment matures. This brief provides an overview of cyber risk assessment and discusses prominent solution providers, including BitSight Technologies, CyberCube, CyberWrite, FICO, Guidewire, ISO/Verisk, Kovrr, RMS, SecurityScorecard, Surance.io, and Willis Re.