April 5, 2018
The Council had the opportunity to sit down with Jonathan Pope, CEO of Corax, a cyber-risk analytics platform and broker tool for cyber insurance distribution. JP addresses some of struggles that brokers and carriers face when selling and pricing cyber coverage, the lack historical data in the cyber industry, and what needs to happen for the cyber insurance market to mature.
Headquartered in London, Corax uses open source data and its proprietary algorithm to help brokers understand and asses potential clients’ cyber risk, and can do this by solely entering the organizations domain name. In a matter of minutes or less, Corax provides a “cyber risk score” with details regarding the organizations’ cyber risk posture.