Big data against cyber dangers
Cyber attacks have become a terrifying normality. They can affect big or small companies. The financial loss in Germany already amounts to 50 billion euros. Although the types of cyber damage are very diverse, it is possible in insurance mathematics to record, classify and evaluate them. This provides a basis from which to offer clients reliable insurance cover. In order to achieve a high level of statistical significance, Meyerthole Siems Kohlruss (MSK), together with E+S Rück, operates a data pool for cyber risks - it is the first pool of its kind in Germany, Austria and Switzerland.