Corax Cyber Risk Modeling Platform

Corax is a comprehensive platform designed for cyber risk modeling and prediction, assisting organizations in understanding and managing their exposure to cyber threats. Established in 2014 and operational since 2017, Corax leverages proprietary data from over 10 million interconnected companies to deliver valuable insights into cyber risk assessment.
Key functionalities include:
- Risk Assessment: Corax provides organizations with accurate benchmarking and predictions of potential cyber events, enabling them to make informed decisions regarding security spending and risk transfer.
- Industry-Specific Reporting: Users can access industry-specific reports that offer insights into expected losses compared to peers, helping organizations gauge their risk levels effectively.
- Support for Insurance Sector: Trusted by the insurance industry, Corax assists insurers in identifying risk levels across various sectors, enhancing their risk management strategies.
- Compliance and Due Diligence: The platform also addresses challenges related to compliance and investment due diligence by providing cyber insights that inform strategic decisions.
Corax is designed to support not only (re)insurance carriers in underwriting cyber risk but also brokers and agents in delivering precise risk assessments and coverage recommendations. By integrating cyber risk into their business strategies, organizations can enhance their resilience against potential cyber threats.