Optimizing Cyber Insurance: A Data-Driven Approach to Risk Management

In the third webinar of our Data-Driven Risk Management series, we will explore how cyber insurance can help transfer cyber risk exposure and how a data-driven risk management approach can even reduce your premiums. Cyber Risk Quantification (CRQ), as part of a broader risk management strategy, provides a structured methodology for evaluating risk exposure and ensuring that insurance policies align with actual financial risk, leading to more cost-effective risk management and coverage.

In this session, Christophe Forêt and Prometheus Yang will discuss how CRQ supports risk management, governance, and insurance decision-making. Using the FAIR™ framework, we will break down key components of cyber risk and demonstrate how organizations can make more informed decisions regarding their cyber insurance.

Key topics include:

• How cyber risk quantification fits into the broader landscape of risk management and governance

• How to quantify the financial consequences of a loss event using the FAIR framework

• How to assess cyber insurance policy using FAIR analysis results

• Practical strategies for optimizing cyber insurance coverage

Join us to learn how a structured, data-driven approach can help your organization make informed, strategic cyber insurance decisions while strengthening overall resilience.

Speakers:

Christophe Forêt, C-Risk co-founder. He helps bridge the gap between cyber security experts and business leaders. Christophe provides CRQ consulting leadership to mid-sized and large Global Companies to design and initiate their corporate risk quantification programs and improve cyber security governance.

Prometheus Yang, based in Taiwan, Enterprise Risk Governance and Metrics Society of Taiwan cofounder with over 20 years of international experience in technology risk governance, cybersecurity, and enterprise risk management. He has held leadership roles across financial institutions, multinational corporations, and regulatory-driven industries, guiding organizations through the complexities of digital transformation, cyber resilience, and risk quantification.