When cyber insurance goes live
Coalition built its business on a provocative idea: that cyber risk can actually be measured, not just estimated.
Daniel and Michael walk us through how they’re using live threat data to price policies differently. We discuss what real-time security posture monitoring reveals, and the reality that your insurer might spot your vulnerabilities before your own team does.
The question underneath it all: if underwriters can see your risk continuously, does that change how you think about security or just how much you pay?
We’ll be discussing frameworks for identifying concentration exposures in your portfolio, 3 realistic catastrophe scenarios with estimated impact ranges, and shared methodology for stress testing that both primary and reinsurer teams can use in renewals discussions.
What We’ll Tackle:
1. Cloud Infrastructure Aggregation
– Identifying hidden concentrations across AWS/Azure/GCP
– Business interruption triggers from single cloud provider failure
2. Software Supply Chain Dependencies
– Modeling downstream impact of critical vendor compromise
– CrowdStrike-style scenarios – operational failure vs. malicious attack
3. Correlation vs. Independence Assumptions
– Where current models underestimate simultaneous claims
– Geographic/sector diversification – does it actually reduce systemic risk?
4. Realistic Loss Scenarios & Stress Testing
– Building credible catastrophe scenarios with limited historical data
– PML estimates reinsurers will accept vs. what actuaries can defend
Why Now?
Reinsurers are increasingly challenging primary insurers’ accumulation assumptions, while regulators demand stress testing that current models can’t support. With limited historical data for systemic cyber events, both sides need new approaches to quantify concentration risk.
Attendees:
– Head of Cyber Cat Modeling/Portfolio Management
– Chief Actuary / CRO
– Reinsurance Brokers
– Reinsurer Underwriters & Cat Modelers
Participants
Guests
Michael Philipps
Head of Global Cyber Portfolio Underwriting @ Coalition
Daniel Woods
Principal Security Researcher @ Coalition