RiskGenius to enhance Guy Carpenter's silent cyber detection
Guy Carpenter has entered into a strategic relationship with RiskGenius to enhance its detection and qualitative analysis of silent cyber exposure across multiple lines of business.
RiskGenius uses artificial intelligence to evaluate emerging risks across an entire portfolio of insurance policies. The technology allows Guy Carpenter to assess its silent cyber exposure across insurance products, delivering portfolio-level analyses through data visualisation techniques.
Clients can develop underwriting strategies and establish silent cyber risk roadmaps.
Erica Davis, Guy Carpenter’s cyber risk strategy leader, said: “Companies require an effective means of qualifying and quantifying the risk of silent cyber across their portfolios. By establishing this relationship with RiskGenius, we are not only providing clients with a means of assessing their exposure to this rapidly evolving threat at scale, but also generating much deeper exposure insight that will support a greater understanding of silent cyber from the individual policy through to the industry level.”
Chris Cheatham, CEO of RiskGenius, said working with Guy Carpenter and its clients will help its AI advance the role of policy language analysis in its cyber detection capabilities. “Only by working to translate the lessons available to us today into actionable intelligence at the portfolio level and on a global scale can we fully address the challenges posed by this cyber threat,” he said.