Parametrix and Aon reaserch on diversifying cloud outage risk, shows how losses arising from cloud outage events can be diversified within large (re)insurance portfolios.
A significant level of diversification can be achieved by underwriting portfolios of company risks that span continents, or are geographically distanced within the same continent. However, writing a portfolio which covers companies of varying sizes, but within the same continent, delivers less diversification.
The findings aim to equip cyber (re)insurers with the tools needed to identify and transfer the risk through advanced reinsurance solutions and ILS transactions.
Read about the latest outage events, industry trends, thought leadership pieces, and more.
Creating cutting-edge tools and models that enable companies, insurers, and reinsurers to quantify, manage, and transfer their exposure to cloud outage risk. Parametrix is a Lloyd's Coverholder whose policies are backed by major A-rated global insurers.
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