Guidewire Extends Use of Advisen Data in Its Cyber Rating Model
Combining internet-scale data collection with Advisen’s proprietary fact-based cyber loss dataset, Guidewire Cyence Risk Analytics for Cyber Risk enables companies to evaluate exposure and face risks proactively through data science and economic modeling insights
“We are at the forefront of measuring probable maximum loss by harnessing a variety of key data sets to establish the correlation of cyber risk in a portfolio with the potential losses to that portfolio from disaster scenarios. Understanding risk accumulation is crucial for insurers managing the long-term stability and soundness of their portfolios,” explained
“Our differentiation lies in the completeness and sophistication of our end-to-end cyber-risk solution. Advisen’s Cyber Loss data, combined with data from our proprietary data collection and other sources, supports our ability to parameterize models and deliver the most comprehensive view of cyber risk to our customers,” said
“Analytics firms are increasingly incorporating Advisen’s loss data to validate their risk accumulation models for cyber risk. Guidewire’s application of our data is rather unique. We value our relationship and look forward to continuing to work with Guidewire and the Cyence team through their next wave of innovation in providing a comprehensive view of cyber risk for insurers’ cyber portfolios,” added
About Guidewire Cyence Risk Analytics
Guidewire Cyence Risk Analytics are data listening and risk analytics products focused on understanding and modeling new and evolving 21st century risks. By combining external data sources, adaptive machine learning, and insurance risk modeling, Cyence Risk Analytics provides insights that help companies face new risks, take advantage of new opportunities, and develop new products.
Guidewire delivers the industry platform that Property and Casualty (P&C) insurers rely upon to adapt and succeed in a time of accelerating change. We provide the software, services, and partner ecosystem to enable our customers to run, differentiate, and grow their business. We are privileged to serve more than 350 companies in 34 countries. For more information, please visit www.guidewire.com and follow us on twitter: @Guidewire_PandC.
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