Due in part to the lack of loss experience in the Cyber market and in-depth understanding of cyber threat and behaviour, many of these models are still in their infancy but the choice of some market leading companies to incorporate the outputs into their capital modelling means that the market is entering a period of increased scrutiny of cyber models under the regulatory regimes that govern solvency calculations.
In this edition of Cyber IQ we look at the topic of Evaluating Cyber Models; highlighting the nuances of validating the models in comparison to other catastrophe models, discussing the potential issues companies may have with their validation process, as well as reflecting on lessons learnt from validating other models under current regulations and the remaining steps cyber models may experience before they are considered established and mature.
To learn more, download the latest edition of Cyber IQ.
