Cyber

Cyber attacks present probably the most significant threat to the ongoing operations and viability of businesses if not appropriately managed. The use of Cyber BI insurance policies is a key element in managing such risk exposures.

Our team has been involved in quantifying losses arising from cyber incidents in industry sectors often targeted in cyber-attacks, namely TMT (Technology, Media and Telecommunications) along with e-commerce and other similar sectors. Our global team means we are able to respond quickly and locally, wherever losses may occur and we are needed.

We are used to dealing with the large amounts of data that can be required to properly measure a loss arising from a cyber attack, including longtail losses which are often not fully apparent immediately upon the occurrence of a loss.

Our approach enables our clients to make informed decisions early on regarding exposure, setting realistic reserves, and potential settlement outcomes as the loss progresses.

We also have vast experience in measuring Business Interruption losses and assisting with coverage assessments more generally across a wide range of industry sectors.

Areas we can assist with:

• Review the claimant’s forecast performance to actual results surrounding, or during, the interruption.
• Reviewing the financial records and operational data.
• Research and analyse industry data to determine any external factors or trends.
• Interview the claimant’s or defendant’s personnel or stakeholders.
• Quantify losses attributable to, and separate from, the damage.
• Provide expert witness support and testimony if required.