The Israeli company Kovrr launched a new predictive cyber risk modeling platform designed to help P/C insurers underwriter cyber risk more efficiently.
Kovrr analyzes millions of emerging cyber threat signals daily, collected from a wide range of proprietary intelligence sources. Its AI engine fuses structured and unstructured data sources into actionable risk insights in real time. The platform lets Kovrr’s customers confidently assess, quantify and manage their cyber risk exposures while providing their clients preventative risk advices.
Kovrr equips insurers with advanced cyber risk modeling capabilities, relying on its actionable global threat intelligence stream, advanced machine learning, artificial intelligence and real-time risk modeling.
Three veterans of the Israeli intelligence corps founded the company, all with multidisciplinary experience and unique cyber-related experience.
Kovrr recently graduated successfully from Accenture’s Fintech Innovation Lab London program.
Kovrr is among at least two new cyber risk modeling initiatives that debuted in recent weeks and months.
In March, CyberCube Analytics debuted, a cyber risk analytics firm developed by Symantec Corp. with investment from Trident Capital Cyber Security, a $300 million venture fund focused exclusively on cybersecurity companies.
Last September, Allianz Global Corporate & Specialty SE paired with Silicon Valley startup Cyence (now owned by Guidewire) to boost its ability to perform global cyber risk analysis in multiple ways.
Source: Kovrr