Back in July, FICO introduced an industry-first when it included fourth party risks in its FICO® Enterprise Security Score. Now the Silicon Valley analytics firm has unveiled another pioneering enhancement to the cybersecurity rating – incorporating risk assessment and modelling capabilities for insurers.
With the new insurance dashboard, underwriters will be able to calculate risk metrics and simulate risk scenarios, as well as insert their historical data. The added features also allow the review of risks at a policy, portfolio, and book-of-business level, plus the modelling of both primary insured risk and risk from primary insureds’ fourth party relationships.
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