Corax

Corax provides cyber insurers with hyper-personalised risk assessments of large commercial organisations. Through this reporting, brokers can correctly match needs to products as well as identify sales leads, whilst insurers can improve their product match and pricing for each client through Corax's risk and price modelling.

Corax enables insurers to use external commercial and IT data about companies to estimate the frequency of breach of data and business interceptions, along with the type and number of records compromised and resultant distribution of loss. Their system aggregates data from across major industries and combines hundreds of factors to provide each business they assess with a ‘cyber hygiene score’. The main factors of this are the breach and business interruption frequency combined with the severity.

Corax claims its platform leverages data on more than 10m companies.

The company has grown to over 200 users worldwide since its commercial launch in late 2017. Its customers include QBE, Willis Re and Nationwide.

Corax has offices in London and San Francisco.