Du är här

2016-01-19

Verisk Analytics Inc.: Verisk Releases Industry's First Cyber Exposure Data Standard

JERSEY CITY, N.J., Jan. 19, 2016 - Verisk Analytics (Nasdaq:VRSK), a leading
data analytics provider, today announced that it has released the industry's
first global cyber exposure data standard. This standard will help create a
uniform method for data transfer across the insurance value chain. Verisk's
catastrophe modeling business AIR Worldwide has also developed a preparer's
guide to assist companies in collecting and storing the necessary cyber
exposure data in an open format suitable for modeling.

The Verisk cyber exposure data standard is the first step in the process of
managing accumulations of cyber risk and will help create a uniform method
for data transfer throughout the industry. Many of the fields are optional to
provide flexibility for companies that collect different types of information
or at different levels of detail. The AIR preparer's guide will assist
companies in collecting and storing the data. Many client organizations,
including companies in the insurance, broker, and reinsurance industry, have
reviewed the standard and provided valuable input.

Cyber risk has become the fastest-growing peril over the past year. The
ability to analyze cyber risk accurately requires a full understanding of the
cyber exposure data. It is imperative that companies capture this data in a
common format that can be used by organizations across the insurance value
chain. It is also crucial that the exposure data standard used today and in
the future be robust enough for organizations to grow into.

"Verisk and AIR have developed a comprehensive data standard containing the
critical parameters that must be captured to assess a company's risk from
cyber attacks," said Nigel Pearson, global head of fidelity, Allianz Global
Corporate&Specialty SE. "Collecting and storing this data forms a basis for
analyzing accumulated risk, and Allianz can immediately begin leveraging
AIR's preparer's guide to determine which additional parameters we should
start capturing. We look forward to applying the standard for modeling when
the AIR cyber risk model is complete."

"Cyber insurance is an important new area of coverage, and it is essential
that we have good-quality standardized data to track exposures," said Tom
Bolt, director, performance management, Lloyd's of London. "I am delighted
that AIR has collaborated with us to help standardize some common data
requirements and that their new data schema incorporates this."

In addition, AIR has developed an SQL implementation to allow organizations to
begin to use the standard in their enterprises. In the coming months, AIR
aims to provide SQL scripts that can be used for deterministic scenario
analysis and accumulation analysis.

"AIR Worldwide's forthcoming probabilistic cyber risk model will serve to help
insurers and reinsurers manage accumulations of cyber risk as well as assess
and evaluate the risk of individual contracts," said Scott Stransky, manager
and principal scientist at AIR Worldwide. "The preparer's guide represents a
key first step in the development of a common cyber exposure data standard
that better enables companies to capture the correct data and store it in a
format usable in the forthcoming AIR model. The innovative cyber risk model
will be critical to better understanding the financial implications of cyber
attacks, including the aggregation risk associated with a megascale attack."

To view the preparer's guide and data standard overview, please click
here:http://airww.co/cyberdatastandard

About AIR Worldwide

AIR Worldwide (AIR) is the scientific leader and most respected provider of
risk modeling software and consulting services. AIR founded the catastrophe
modeling industry in 1987 and today models the risk from natural catastrophes
and terrorism in more than 90 countries. More than 400 insurance,
reinsurance, financial, corporate, and government clients rely on AIR
software and services for catastrophe risk management, insurance-linked
securities, detailed site-specific wind and seismic engineering analyses, and
agricultural risk management. AIR Worldwide, a Verisk Analytics (Nasdaq:VRSK)
business, is headquartered in Boston with additional offices in North
America, Europe, and Asia. For more information, please
visitwww.air-worldwide.com.

About Verisk Analytics

Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving
customers in insurance, energy, healthcare, financial services, government,
and risk management. Using advanced technologies to collect and analyze
billions of records, Verisk Analytics draws on vast industry expertise and
unique proprietary data sets to provide predictive analytics and decision
support solutions in fraud prevention, actuarial science, insurance
coverages, fire protection, catastrophe and weather risk, data management,
and many other fields. In the United States and around the world, Verisk
Analytics helps customers protect people, property, and financial assets. For
more information, visitwww.verisk.com.

###

Contact:

Kevin Long
AIR Worldwide
617-267-6645
klong@air-worldwide.com

Giuseppe Barone/Colleen Finley
MWW Group (for Verisk Analytics)
201-507-9500
gbarone@mww.com

cfinley@mww.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Verisk Analytics Inc. via Globenewswire

HUG#1979271

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.