Cyber Risk Management Project

Cyber risk is an emerging threat with new complexities that call for insurers and risk managers to jointly develop innovative solutions and tools and enhance awareness and underwriting expertise.

The Cyber Risk Management (CyRiM) project is led by IRFRC at Nanyang Technological University, Singapore (NTU SG) in collaboration with industry partners, regulators and academic experts. It is a pre-competitive research project that aims to foster an efficient cyber risk insurance marketplace through engaging industry and academic experts guided by government and policy-level research.

The CyRiM project will help Singapore become an industry centre of excellence on cyber risk and grow the cyber risk insurance market by promoting both the demand and the supply of insurance coverage.

Here are some useful links:

• Project Brief
• Roundtable Report Series
• March 2018 CyRiM Working Group Report
• January 2019 - CyRiM Bashe Attack Report 
• October 2019 - CyRiM Shen Attack Report
• Lloyd’s of London news release on the potential of a cyber -attack on Asia-Pac ports costing $110bn