Last Updated on: 18th February 2025, 06:29 pm
Citalid, Europe’s leading provider of cyber risk quantification, is reshaping the reinsurance modelling landscape by introducing an advanced risk accumulation solutions service. With this pioneering approach, Citalid is addressing a crucial gap in cyber risk assessment, enhancing financial resilience throughout the insurance sector.
Traditional models, often designed with a U.S.-centric perspective, fail to fully capture the complexities of Europe’s cyber threat environment. Citalid is revolutionising the industry by integrating real-time intelligence, attacker profiling, and sophisticated risk propagation analytics, enabling reinsurers to gain a more precise and actionable understanding of systemic cyber risks.
Recognised as an industry leader, Citalid is trusted by more than 100 global clients, including 35% of France’s CAC 40 companies. The company’s expertise has been acknowledged by inclusion in Gartner’s Hype Cycle for Cyber Risk Quantification and Forrester’s Cyber Risk Quantification Landscape.
“Since our founding in 2017, our mission has been to unlock confidence in cyber risk modeling and empower the entire ecosystem,” said Maxime Cartan, Co-Founder & CEO at Citalid.
“Addressing reinsurers marks the completion of this vision – closing the loop and ensuring trust and control across every step of the value chain, from CISOs to insurers and reinsurers.”
Citalid’s models go beyond measuring impact—they anticipate how cyber threats propagate across supply chains, networks, and wider business ecosystems. By incorporating epidemiological modelling, Citalid offers reinsurers highly realistic simulations of catastrophic cyber events, developed in collaboration with the Louis Bachelier research institute.
Citalid’s cyber risk platform is setting new standards in severity and frequency modelling. With an expanded focus on accumulation risk, the company is equipping reinsurers with the insights necessary to safeguard financial stability in an evolving cyber landscape.
“We’re seeing strong traction from reinsurance players and are very excited to have signed our first reinsurance client just a few weeks ago,” added Maxime Cartan.
“This milestone validates the demand for a fresh, intelligence-driven approach to cyber risk accumulation and reinforces our commitment to advancing the industry.”
By offering a European-led yet globally applicable solution, Citalid seamlessly integrates regional threat intelligence, regulatory frameworks, and market-specific factors. Leading the next phase of cyber risk management, Citalid empowers reinsurers to tackle systemic risks with confidence and precision.
For more details, visit citalid.com.
