Willis Re has launched an update of its cyber risk portfolio-modelling tool, PRISM-Re at the annual Monte Carlo Rendez-Vous.
PRISM-Re, which was first released in 2015, helps clients to manage their cyber portfolios and estimate downward risk arising from privacy breaches.
The 2016 update includes access to the modelling of cyber losses from out of network outages.
Mark Synnott, executive vice-president of Willis Re, said: “We are extremely proud of the unique work we have been doing with clients to help them better understand and manage their cyber exposures since the launch of PRISM-Re.”
“The 2016 update further enhances our capabilities in the rapidly evolving cyber arena and we look forward to introducing it to our clients over the coming months as we roll it out across our global network via our client advocates.”
