Squalify launches new cyber risk quantification platform

Squalify, a cyber risk quantification (CRQ) platform, has launched Essential CRQ, a streamlined CRQ offering that enables organisations to rapidly quantify their cyber risk in financial terms, requiring only minimal inputs and delivering results in as little as 24 hours.

Built on Squalify’s established platform and leveraging 15 years of cyber risk data, plus the expertise of global reinsurer Munich Re, Essential CRQ provides business-relevant financial risk metrics with a focused set of inputs.

This platform delivers credible, data-backed results that support cyber risk benchmarking, cyber insurance decision-making, and board-level reporting.

Furthermore, cyber insurance brokers can easily integrate Essential CRQ into their advisory and brokerage processes, including via API.

Essential CRQ offers transparent, defensible financial risk insights, making it suitable for executive decision-making, regulatory discussions, and insurance negotiations.

“With Essential CRQ, organizations no longer have to choose between speed and credibility,” said Asdrúbal Pichardo, CEO of Squalify. “We designed this product to give executives a clear financial view of cyber risk without months of data gathering, complex spreadsheets, or opaque assumptions.”

The new platform also generates core financial risk metrics based on Monte Carlo simulations, using just 42 targeted data points. These also include worst-case loss scenarios, annual loss expectancy, modeled large loss events across multiple recurrence periods, loss component breakdowns, and an assessment of security control adequacy versus exposure, explains the company.

Leopold Muhle of KROSE, a leading broker for industry insurance and Squalify customer, commented: “KROSE’s cyber insurance advisory is already among the best in the market. With Squalify, we give our clients an outstanding way to quantify cyber risks in financial terms and tailor their coverage even more precisely to their actual needs. Together with Squalify, we create additional value for our clients.”

Additionally, Essential CRQ also serves as a natural on-ramp to Squalify Enterprise CRQ, which adds advanced capabilities such as high-ROI security control identification, decision-impact simulations, multi-entity cyber risk steering, and board-level management reporting. Optional API access and expert support are available across both tiers.