The assessment tools available in RISK66 are an integral part of our platform, and we would like to thank those who have shared positive feedback over the years regarding their usefulness. Because of our desire to continue providing exceptional support to our RISK66 users, SIGMA is excited to announce the latest addition to our online suite, the Cyber Assessment Tool.

This new tool provides a solid framework for discussion between you and your client concerning the appropriateness of cyber insurance to protect against cyberattacks. Through a series of drop-down questions, the assessment analyzes whether a client could potentially benefit from cyber analytics. It also highlights areas that could be problematic in obtaining coverage. Once the need is assessed, a “score” is then provided and explained, which can be saved as a PDF document to aid in further discussion.

This tool is straightforward to use and is an excellent addition to your annual stewardship effort. It is also a great way to make sure you are protecting your most important client relationships by ensuring you cover some of the more technical conversations that can be competitive vulnerabilities with some clients. The tool can be accessed through our complimentary RISK66 educational library.

As a supplement to this resource, we recommend reviewing our one page PDF on how to analyze cyber risk for risk financing strategies. In it, data requirements are reviewed, a summary of the analytical process is outlined, and expectations for the final analysis are laid out. We encourage you to check this resource out, as well as the other tools in our complimentary RISK66 educational library.

If you need more information on this topic, please contact us at support@SIGMAactuary.com or schedule a call with one of our consulting actuaries.

© SIGMA Actuarial Consulting Group, Inc.