Cyber risk quantification (CRQ) platform Squalify has launched Essential CRQ, a simplified CRQ product that enables organizations to quickly and financially quantify their cyber risk, requiring minimal input and delivering results in as little as 24 hours.
Essential CRQ is built on Squalify’s proven platform, leveraging 15 years of cyber risk data and the expertise of global reinsurer Munich Re to deliver business-relevant financial risk metrics and a targeted set of inputs.
The platform delivers reliable, data-backed results to support cyber risk benchmarking, cyber insurance decision-making and board-level reporting.
Additionally, cyber insurance brokers can easily integrate Essential CRQ into their advisory and brokerage processes, including via API.
Essential CRQ provides transparent, reliable 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 trustworthiness,” said Asdrúbal Pichardo, CEO of Squalify. “We designed this product to give executives a clear view of the financial picture of cyber risk without having to spend months gathering data, complex spreadsheets or opaque assumptions.”
The new platform also generates core financial risk indicators based on Monte Carlo simulation using only 42 target data points. These also include worst-case loss scenarios, annual loss expectations, modeling of large loss events across multiple recurring periods, loss component failures and assessments of security control adequacy and exposure, the company explained.
Leopold Muhle of KROSE, a leading industry insurance broker and Squalify client, commented: “KROSE’s cyber insurance consulting is already one of the best consulting services on the market. With Squalify, we offer our clients an excellent way to quantify the financial aspects of cyber risk and tailor coverage more accurately to their actual needs. Together with Squalify, we create additional value for our clients.”
Additionally, Essential CRQ serves as a natural entry point to Squalify Enterprise CRQ, which adds advanced capabilities such as high ROI security control identification, decision impact simulation, multi-entity cyber risk guidance and board-level management reporting. Both tiers offer optional API access and expert support.
