Lloyd's insurers have spoken of the need to move away from "gut-based" underwriting of cyber risk and have called for greater collaboration with businesses and governments in order to understand better the risk. The Lloyd’s market is taking steps to improve its understanding of cyber risk and its aggregations, with underwriters hoping new modelling capabilities and Lloyd’s cyber framework will aid pricing in the growing class. Yesterday RMS launched its Cyber Accumulation Management System, which includes a new software system and framework for cyber exposure reporting in addition to cyber catastrophe scenarios for loss modelling.