Citalid Cyber Insurance Modeling Platform Logo

Citalid Cyber Insurance Modeling Platform

Platform for modeling, assessing, and optimizing cyber insurance policies.

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Citalid Cyber Insurance Modeling Platform Description

Citalid Cyber Insurance Modeling Platform is a risk quantification tool designed to help organizations model, assess, and optimize their cyber insurance policies. The platform translates cyber threats into financial loss estimates, enabling organizations to visualize what their insurance coverage can absorb in the event of a claim. Users can input contractual parameters such as deductibles, limits, and exclusions to simulate existing or hypothetical insurance policies, including multi-layered programs involving multiple carriers. Core functional capabilities include: - Risk Assessment: Identifying critical risk scenarios and quantifying their impact by frequency and severity. - Insurance Policy Modeling: Simulating policies by integrating contractual parameters. - Insurance Policy Benchmarking: Comparing multiple insurance offers or coverage configurations against a defined risk profile. - Reporting: Generating deliverables for internal stakeholders (CISO, Risk Manager, CFO, Board) and external parties (insurers, brokers). The platform supports strategic arbitration by simulating risk reduction versus risk sharing strategies, allowing users to compare the effect of improving defensive posture against extending coverage. It facilitates alignment across cyber, risk, and finance teams by presenting cyber risk in financial language accessible to non-technical stakeholders. Citalid operates as an independent third party and does not distribute insurance products. It does not integrate with insurers directly but provides analytics and reporting to support negotiations with insurers and brokers.

Citalid Cyber Insurance Modeling Platform FAQ

Common questions about Citalid Cyber Insurance Modeling Platform including features, pricing, alternatives, and user reviews.

Citalid Cyber Insurance Modeling Platform is Platform for modeling, assessing, and optimizing cyber insurance policies. developed by Citalid. It is a GRC solution designed to help security teams with Cyber Insurance, Risk Assessment, Risk Management.

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