American insurer Marsh McLennan has launched a Cyber Risk Analytics Centre to bring together cyber risk data, analytics, and mitigation expertise.
Marsh McLennan’s Marsh, Guy Carpenter, Mercer, and Oliver Wyman are the participants of the centre.
The centre will offer clients a suite of tools and critical risk insights, which can help them in making better investment decisions.
It will operate under the leadership of managing director Scott Stransky, a cyber risk and catastrophe modeller.
Stransky, who joined Marsh McLennan earlier this year from AIR Worldwide, has a bachelor’s degree in Mathematics with Computer Science and a master’s degree in Atmospheric Science, both from MIT.
Marsh McLennan vice chair and president and CEO Marsh John Doyle said: “Our investment in the Marsh McLennan Cyber Risk Analytics Center will help clients confront this risk by connecting them with experts and capabilities from across our businesses, data-driven insights, and a global ecosystem of risk and cybersecurity experts.”
The centre will also conduct research and development with a global network of commercial, government, and academic partners.
“Through the Cyber Risk Analytics Center, Marsh McLennan will advance the broader cyber modelling and analytics ecosystem to help societies manage cyber risk,” Stransky added.
In a separate development, British insurance company Aon has joined forces with Cybereason to help clients remain safe in the wake of increased cyber-attacks.
Last month, At-Bay teamed up with technology firm Microsoft to bolster the cyber security positioning of their small and medium business (SMB) customers.