Risk quantification firm Cyberwrite is launching a new cyber catastrophe modelling practice led by Lloyd's former head of emerging risks Marco Lo Giudice.

Cyberwrite was launched in 2017 by founder and CEO Nir Perry as a platform to provide security vulnerability analysis to potential insureds, in part to encourage them to buy cyber insurance, but also as a tool for underwriters in their risk selection.

Its patented models are capable of analysing more than 50,000 deterministic cyber risk scenarios at both the individual event and company levels for multiple events, and can provide granular insights into portfolios of any size.

Lo Giudice had been head of emerging risks at Lloyd's since November 2022, and previously spent nearly three years with cyber modelling firm Kovrr, where he was head of pricing models development. He previously served as London head of pricing at Tokio Millennium Re, and also spent time working at Atrium, Sagicor and Willis Re.

"Cyberwrite's advanced cyber intelligence and analytics capabilities are positioning insurers, reinsurers and ILS market participants to better allocate capital to support the growth of cyber insurance. As transparency is central to Cyberwrite's approach, our models ensure that stakeholders have the clear, actionable information they need to drive informed decisions and increase accuracy and profitability. These innovations are paramount for the market to reach its potential, which is expected to reach $50bn by 2030." — Marco Lo Giudice

"His extensive experience and deep expertise in catastrophe modelling is invaluable as we continue to innovate and lead the way in cyber insurance modelling. Cyberwrite's ongoing success is rooted in our commitment to transparency, data-driven insights and cutting-edge technology." — Nir Perry, Founder & CEO

Cyberwrite expanding into cat modelling after hiring Lloyd's emerging risks head Lo Giudice