Lloyd’s Develops Standardized Data Requirements for Cyber Risks

Lloyd’s of London announced that a set of common core data requirements for cyber risks has been agreed by collaborating with modeling firms AIR Worldwide and RMS, along with RMS’ partner, the Cambridge Centre for Risk Studies. Both AIR and the RMS/Cambridge team have agreed to highlight common elements when they publish their data schemas later this month and most importantly each has agreed to use similar terminology and precise definitions, Lloyd’s said in a statement.