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City AM: London AI startup secures £25m in funding

Cytora, a startup whose software collects and analyses a huge amount of online data to perform real-time political risk analysis, has recently closed £25 million series B funding. Cytora was previously on the Accelerate Cambridge programme run by the Cambridge…

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Continuity Insurance and Risk: Non-affirmative cyber: What lies beneath?

Jennifer Copic, Research Associate at the Centre for Risk Studies, comments about reluctance by insurers to address cyber risk: “Conditions in the insurance market are still relatively soft and they don’t want to lose business.” Read the full article [cirmagazine.com]…

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Insurance Business Management: “A standardised view of risk is necessary”

The Centre for Risk Studies at Cambridge Judge Business School partnered with risk modelling and analytics firm RMS to launch an open-source data definitions document for 14 different classes of insurance exposure including casualty, agriculture, trade credit and surety. The…

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Reinsurance News: RMS and Cambridge centre collaborate on new data schema

The Centre for Risk Studies at Cambridge Judge Business School and risk modelling and analytics firm RMS have teamed up to develop a new method of monitoring and reporting insurers’ exposure across multiple different classes of insurance. The scheme titled…

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Consistent insurance reporting

The Centre for Risk Studies and RMS develop a new data system to help manage $500 trillion in exposure across classes of insurance. The Centre for Risk Studies (CRS) at Cambridge Judge Business School and risk modelling and analytics firm…

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Consistent insurance reporting

Digital Journal: Five emerging insurtechs to take notice of

The insurance industry is looking at new alternative ideas of providing their services. The article features five insuretech startups, including Cytora, that are disrupting the sector by using tech developments such as artificial intelligence or machine learning. Cytora, which uses…

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Reinsurance News: Pool Re upsizes retrocession program to £2.1bn, includes cyber terror

Pool Re, the UK reinsurance pool, has renewed cyber terrorism insurance based on a study by the Centre for Risk Studies. The study identified 40 potential cyber terrorism scenarios which may impact a UK terrorism insurance portfolio. The report looked…

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You Talk Insurance: Pool Re plans to increase risk mitigation service

Reinsurer Pool Re is looking at how to help policyholders mitigate risks before they have occurred. The company announced last year that it will begin providing cyber terrorism insurance based on a study by the Cambridge Centre for Risk Studies…

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Financial Times: AI underwriting startup Cytora received £4.4m funding

Cytora, an artificial intelligence company, announced a new £4.4 million funding round. Cytora CEO Richard Hartley said: “We are moving the insurance industry to a point where you can deliver a superior underwriting profit while reducing the need to ask…

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Reuters: UK terrorism reinsurance fund to include cyber coverage from next year

Reinsurer Pool Re from next April will begin providing cyber terrorism insurance based on a study by the Cambridge Centre for Risk Studies at Cambridge Judge. The study identified 40 potential cyber terrorism scenarios which may impact a UK insurance…

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