How it works

In-depth look

Introducing our cyber insurance platform

Corax is a cyber risk analytics and underwriting platform that helps those involved in cyber risk transfer with client facing and carrier/reinsurer facing activity. It is the only cyber insurance platform that delivers a probabilistic view by building profiles of individual risks, using patent pending models to understand from a ground up perspective what the overall exposures are.

What makes Corax really unique is its flexibility: it gives users the ability to adjust inputs that drive risk based upon the system’s models. With individual risk ultimately changing inputs at the portfolio level, Corax produces individual Exceedance Probability curves loss intrinsically tied to entire portfolios, delivering a consistent end to end view of risk across a business.

Corax continuously builds its database

Corax models thousands of companies every day - any size company, anywhere, within 20 minutes, requiring only its domain name.

User can request custom modeling

In addition to Corax modeled organizations, users can also request custom modeling based on their own input values, e.g. annual revenue, annual profit, etc. Upon custom modeling submission, the above pipeline will run again.

Delivers data in a front-end, with a workflow, or via API

Front-end meets (re)insurer and broker use cases:

Brokers

Risk Selection & Pricing, Aggregation, Portfolio management, Modeling, Compliance and audit reporting

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Underwriters

Risk Selection & Pricing, Aggregation, Portfolio management, Modeling, Compliance and audit reporting

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Exposure Management

Lead generation, Sales meetings, Report generation

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See how Corax can help you to grow your cyber insurance business

Corax uses machine learning and our proprietary probabilistic and quantification modeling engine to calculate metrics such as cyber hygiene, frequency and severity of breach and business interruption and potential premium.