Cyence: Empowering Cyber Insurers
Guidewire's Cyence offers a cutting-edge solution for cyber insurance providers, enabling them to enhance underwriting accuracy, comprehensively understand enterprise risks, and safeguard overall profitability. By leveraging Cyence's advanced risk analytics, insurers can effectively quantify the risk and economic implications of cyber attacks for individual companies and portfolios. This empowers the industry to make informed decisions in areas such as cyber underwriting, portfolio management, and risk transfer, leading to more secure and profitable operations.
Sophisticated Risk Modeling with Cyence
Cyence equips cyber insurers, reinsurers, brokers, and MGAs with powerful tools to model and quantify cyber risk in financial terms. Using Cyence, organizations can evaluate companies based on exposure signals, the likelihood of data breaches or targeted ransomware incidents, and the financial impact of such incidents. This comprehensive approach allows for a deeper understanding of risk profiles, enabling better underwriting practices, portfolio management, and risk assessment. Cyence streamlines these processes by providing a unified model for individual risks and accumulation, ensuring consistency and accuracy across the organization.
Transforming Underwriting and Portfolio Management
Cyence streamlines underwriting and portfolio management by enriching underwriting information with over 40 exposure signals, incident probability assessments, and loss analysis. This data-driven approach not only improves risk selection but also informs pricing strategies by using modeled loss estimates. The platform enables insurers to evaluate and track portfolio health by leveraging rich exposure data, modeled loss analyses, and accumulation risks. Furthermore, Cyence facilitates the design of new insurance products by providing insights into the financial impact of cyber risks on companies, fostering growth, and ensuring sustainable business practices.
Cyence: The Leader in Cyber Risk Analytics
As a pioneering provider of cyber risk analytics and modeling for P&C insurance, Cyence offers a comprehensive digital toolbox that redefines the product experience. With unparalleled capabilities, Cyence helps insurers protect their loss ratios, make informed decisions, and achieve growth. By leveraging Cyence's insights, insurance companies can navigate the complex landscape of cyber security risks with confidence, driving profitability and fostering long-term success in the digital age.