Cyberattack parametric insurance
Pays a predefined amount when a ransomware, DDoS or similar attack against the insured is confirmed, to fund the response straight away.
Index, trigger and payout
Attack confirmedNo eventPayout
How the cover works
What is measured, and when it pays.
- Risk covered
- Loss triggered by a confirmed cyberattack (ransomware, DDoS or similar) against the insured.
- Parametric trigger
- Threat-intel leak-site listing + insured attestation.
- Payout
- Predefined payout compensating the loss, sized on an 11-tier trigger scale.
- Index resolution
- Named asset, per event
- Data and model
- Power-law loss-severity distribution (cyber-risk actuarial literature, e.g. Eling & Wirfs).
- Typically for
- Digital-dependent businesses
Digital family
Other digital covers.
Next step
Test the trigger on your own location.
We back-test the index at your site over its full history and come back with indicative terms, before anything is bound.