S&P Global Ratings, a division of S&P Global Inc. (NYSE: SPGI), and Guidewire (NYSE: GWRE) announced S&P Global Ratings is further integrating the cyber risk expertise and insights of Guidewire Cyence Risk Analytics into their product platforms to complement S&P’s assessment of cyber risk. This collaboration will provide much needed insight into a company’s cybersecurity vulnerabilities and will quantify the impact of this risk on their business and credit worthiness.
The relationship between S&P Global Ratings and Guidewire supports cyber-related product innovation and enhances transparency by using Guidewire Cyence Risk Analytics to help quantify the financial impact of cyber risk.
“It is critical that evolving risks like cybersecurity continue to be incorporated into our analytical considerations,” said Chris Heusler, Global Chief Commercial Officer at S&P Global Ratings. “The large-scale data collection and risk modeling capabilities available to us through our multi-year relationship with Guidewire enables us to offer customers deeper levels of cyber risk insights and a unique assessment of intangible credit risk attributes across industries and geographies.”
“We live in a digital age with an increasing number of intangible assets on many businesses’ balance sheets and we cannot overlook the impact of cyber risk on a company’s credit worthiness,” said Paul Mang, chief innovation officer at Guidewire. “The market critically needs an innovative approach to cyber insights, and we are bringing the breadth of our capabilities to our partnership with S&P Global Ratings.”
The expanded partnership deepens the long-standing relationship and couples Guidewire’s cyber risk insights with S&P Global Ratings’ extensive credit knowledge and experience.