The evolving nature of cyber risk is transforming the (re)insurance sector. In a fast-evolving threat landscape where data breaches, ransomware, and cybersecurity incidents are incurring unprecedented cyber losses and reputational harm, new approaches to risk management will be essential to help insurers capitalize on unprecedented growth opportunities and better manage cyber exposure.
Moody’s is a leader in delivering consistent cyber insurance risk quantification and pricing, with deep insights into both frequent and severe cyber risks. Our cyber risk modeling capabilities can help reinsurers accurately capture tail risk, diversify portfolios, and make more informed strategic decisions.
We offer an advanced and robust cyber risk modeling framework tailored to the (re)insurance industry’s distinct needs.
Optimize portfolio steering and enhance diversification by leveraging detailed analyses at various levels such as coverage, account, portfolio, summary, or treaty. An extensive global database with over 20 million companies allows for thorough evaluation of potential security threats, risk profiles, and impacts.
Gain in-depth insights into key event risk drivers through comprehensive analysis of IT and cyber-physical perils, supported by year loss tables (YLTs), year event loss tables (YELTs), and exceedance probability (EP) curves. Tailor your analysis to align with your underwriting standards and pricing strategies to help gain a competitive edge in the complex cyber risk landscape.
Enhance your management of capital requirements and design effective risk transfer mechanisms. Our advanced risk framework models the real-world physics and dynamics of the cyber digital ecosystem, providing an insightful view of potential security threats and cyberattacks. By identifying key risk drivers and aggregation points, our model informs strategic decision-making in risk transfer and capital allocation.
The increasing amount of cyber catastrophe bond transactions and growing maturity of the cyber peril means scepticism around cyber modelling is reducing, Ali Afsar, director, product manager for cyber solutions at Moody's Analytics has said.
Judges Comment: Moody’s Cyber Risk Model quantifies cyber catastrophe and systemic risk to aid insurers with underwriting, providing a richer, layered view of portfolio exposure through coverage, placement, and portfolio management workflows.
The Amazon Web Services (AWS) cloud outage at its US-East-1 region, which emerged in the early hours Eastern Time (ET) on Monday, October 20, had widespread and sudden consequences for companies and organizations increasingly reliant on their cloud services.
Moody’s 2025 Cyber Survey shows companies face rising dangers as AI tools become embedded in business operations.
The cyber insurance landscape in the Asia-Pacific (APAC) region is transforming. With less than 10% of global cyber insurance gross written premiums (GWP) currently, but with a growing digital economy and increasing reliance on technology, insurers see significant growth potential in the region.
As cyber risk continues to escalate in scale and complexity, to help the growing cyber insurance market understand the risk in its broadest sense, Moody’s is proud to announce a major milestone in our cyber modeling capabilities with the upcoming release of Moody’s RMS Cyber Solutions Version 9.0.
As organizations grow and their interactions with third-party entities intensify, they expose themselves to a broader spectrum of cyber threats. This coupled with digital transformation has brought cyber risk to the forefront. Cyber threats are not just IT challenges; they can inflict substantial damage across financial, technical, reputational, and operational facets of a business. Recognizing and mitigating the spectrum of cyber risks is crucial, and it's essential for you to gain visibility into your organization’s cyber risk exposure across the broader business ecosystem.
Gallagher Re uses Moody’s RMS™ models to improve cyber risk assessment, focusing on ransomware and cloud downtime. Its analytics-led approach aims to attract new capital and support market growth, offering robust cyber re/insurance solutions.
The evolving cyber landscape necessitates a deep understanding of cyber accumulation risk. Beazley, Munich Re, and Gallagher Re's whitepaper, leveraging the MITRE ATT&CK framework, offers insights into managing risk from extreme malware events.
Cyber insurance risks surged amid the Covid-19 pandemic, with premium hikes followed by stabilization due to better cybersecurity. Although cyber threats continue to challenge insurers, Moody’s Cyber Solutions Version 8 aids in risk modeling.
The successful issuance of the first full cyber catastrophe bonds in late 2023 was a watershed moment and the role of risk models in helping insurance-linked securities investors get up to speed on what is still a relatively new peril to the ILS sector was key, executives at Moody’s RMS told us in an Artemis Live video interview.
The bond is specifically crafted to provide coverage for catastrophic and systemic cybercrime events with a low probability of occurrence.
Munich Re, Gallagher Re, and Bitsight join as founding members of the Cyber Industry Steering Group.
Moody’s Corporation (NYSE:MCO) and BitSight today announced a significant investment by Moody’s, further enhancing BitSight’s offerings and capabilities, to create a comprehensive, integrated, industry-leading cybersecurity risk platform. This transaction reflects the increasing strategic, financial, and operational impact of cyber risk to organizations and markets.
Cuthbert Heath's insurance innovations adapted from World War I to modern cyberattacks like NotPetya. Legal debates over the definition of “war” affect coverage, emphasizing the challenge of insuring state-sponsored cyber risks.
The WannaCry cyberattack spread malware globally, affecting 300,000 machines in 150 countries. RMS monitors such risks and updates on impacts, highlighting the systemic nature of cyber threats and the importance of cybersecurity measures.
Over 150 insights per day
More than 50 data sources
Over 200,000 articles
Covering more than 128 countries
Including insights on over 900 threat actors
Millions of cyber incidents (including DDoS)
Interested in learning more about our offerings? Our solutions specialists are ready to help.
