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RMS Launches New Data Standard for Managing Cyber Insurance

GRC Announcements | January 19, 2016

Ahead of the February launch of its new suite of cyber-risk management tools, RMS today released its recently developed Cyber Exposure Data Schema. The ‘open standard’ data schema will provide the insurance industry with a systematic and uniform way to capture cyber exposure data and manage cyber accumulation risk.

The Cyber Exposure Data Schema, developed in collaboration with the Centre for Risk Studies at Cambridge University and with support from eight leading insurance and reinsurance companies, provides firms with a standardized approach to identify, quantify, and report cyber insurance exposure.

The schema is both model agnostic and compatible with any exposure management system and will enable firms to:

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