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Cyber risk quantification: Enhancing cyber insurance decision making

In this informative video, Marsh’s Allie Pan discusses how cyber risk quantification can better inform decisions on cyber insurance spending and what key questions risk managers should be asking themselves about quantification.

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11/01/2022

With cyberattacks on the rise, it has never been more important to understand the financial impact of a potential event. Cyber risk quantification — the process of repeatedly and sustainably measuring enterprise cyber risk in terms and metrics relevant to your organisation’s operations and strategy — helps organisations to do just that.

Cyber risk quantification further helps organisations make data-driven decisions on their cyber insurance spend, align cyber risk with enterprise strategy, and understand the effectiveness of their cybersecurity investments.

In this informative video, Marsh’s Kristine Salgado discusses how cyber risk quantification can better inform decisions on cyber insurance spending and what key questions risk managers should be asking themselves about quantification. 

Key takeaways

Financial exposures and retained risks

Understanding the potential financial impact of cyber threats enables organisations to make objective decisions on which risks to retain or transfer. 

Balance sheet protection

Quantifying the impact of cyberattacks allows organisations to determine whether attacks could have a material impact on the balance sheet. 

Return on investment

Calculating the value of insurance program structures against the frequency and severity of attacks allows organisations to analyse their investments in cyber insurance.

Our speaker

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Kristine Salgado

Head of Corporate – Cyber, Marsh Specialty, Australia

Learn more about our Marsh Cyber Risk Quantification solutions

Find out more

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This publication is not intended to be taken as advice regarding any individual situation and should not be relied upon as such. The information contained herein is based on sources we believe reliable, but we make no representation or warranty as to its accuracy. Marsh shall have no obligation to update this publication and shall have no liability to you or any other party arising out of this publication or any matter contained herein. Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or re-insurers. Marsh makes no assurances regarding the availability, cost, or terms of insurance coverage. LCPA 22/412

“Marsh Pty Ltd (ABN 86 004 651 512, AFSL 238983) (“Marsh”) arrange this insurance and is not the insurer. The Discretionary Trust Arrangement is issued by the Trustee, JLT Group Services Pty Ltd (ABN 26 004 485 214, AFSL 417964) (“JGS”). JGS is part of the Marsh group of companies. Any advice in relation to the Discretionary Trust Arrangement is provided by JLT Risk Solutions Pty Ltd (ABN 69 009 098 864, AFSL 226827) which is a related entity of Marsh. The cover provided by the Discretionary Trust Arrangement is subject to the Trustee’s discretion and/or the relevant policy terms, conditions and exclusions. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire a product, refer to the specific policy wordings and/or Product Disclosure Statements available from JLT Risk Solutions on request. Full information can be found in the JLT Risk Solutions Financial Services Guide.”