One run gives you the loss, a premium indication and a programme structure. The loss model is built for cyber-physical risk.
Your first result is a DeRISK™ UWA short report on one submission, with the headline loss figures. Professional adds the full actuarial output, and Enterprise can run your own model.
AEP sits at or above OEP at every return period: a year’s total can’t be smaller than its largest loss. With 0.35 loss events a year, the two run close: $3.9M and $4.1M at 1-in-200. Check: a 1.0% chance a year that total loss tops $2.5M, the AEP’s 1-in-100 point.
Pricing needs a frequency and a severity. A questionnaire gives neither.
One run gives the loss distribution, what drives it and a programme to match. The actuary can check every input and assumption.
Get expected annual loss, value at risk, occurrence and aggregate exceedance (OEP and AEP) and tail value at risk. They come from a Monte Carlo engine built for cyber-physical loss, or from your own model.
From the same run as every other figure here.
Example submission. Expected annual loss, the 1-in-100 year total and the maximum foreseeable loss.
Split the expected loss by threat type, with how often each happens (frequency) and how large it gets (magnitude). Ransomware that reaches OT and cyber-physical equipment damage show up as lines of their own.
Example submission. Each threat’s share of the expected annual loss.
Get a premium indication and a recommended programme, with limits and sublimits by coverage line. The underwriter adjusts it, and nothing binds without a person.
From the sample programme structuring report.
From the sample programme structuring report: how each control gap adds to the premium. Beside it, the method and assumptions every output carries.
| Risk adjustment component | Factor |
|---|---|
| Offline backup strategy incomplete | +0.08 |
| OT security controls undocumented | +0.04 |
| DLP tools absent | +0.02 |
| Sensitive data access logging not enforced | +0.01 |
| Total risk adjustment | 1.15 |
Written down in one place, before anyone relies on the output.
Simulation method, parameters, calibration data and assumptions, in the report.
Nothing reaches pricing without a person, and every run keeps its audit trail.
The Enterprise tier substitutes your actuarial model entirely.
Each runs in isolation, nothing trains the models, and client data is flushed after the run.
Standard is free: one submission and a short report with the headline loss figures. Professional is recommended for the full actuarial view. Enterprise runs your own actuarial model in place of ours.
Standard is free and assesses one submission with a short report. Professional adds the full actuarial output, committee-ready reports and saved analyses. Enterprise runs your own model.
The applicant is asked nothing. A person signs off every price.