We believe cyber risk can be accurately measured and fairly priced.

Cyber risk management products tend to focus on a one-dimensional approach to cyber risk, namely, the organization's defensive cybersecurity perimeter—misrepresenting the broader cyber risk.

Cyber underwriters also tend to approach cyber risk as an extension of their liability and financial lines policies, without understanding the underlying cyber risk exposure.

These inadequate approaches to measuring risk often lead to underestimated losses for underwriters, with sub-optimal pricing and incomplete understanding of exposure for the insured.


However, by holistically assessing the broader range of factors leading to a breach, both underwriters and the insured can better measure risk and take the appropriate actions to reduce the probability of loss.


Pandamatics is an AI-driven insurtech platform for holistically assessing the cyber risk of an organization.

Pandamatics deploys extensive underwriting expertise alongside artificial intelligence technologies to assess the cyber risk profile of organizations in near real time, providing strategic recommendations for risk reduction.

Our risk assessment methodology embraces five dimensions of cyber exposure to identify and assess the robustness of security infrastructure, behavior of critical data, threat intelligence, regulatory compliance, and the human risk of organizations. Our approach encompasses both offense and defense, technology and humans, data and its behavior. 

Underwriters also benefit from these and other aggregated inputs to best assess and price cyber risk in Asia.


Pandamatics Underwriting is the insurance entity of Blackpanda Group, charged with providing underwriting pricing driven by the Pandamatics risk assessment platform. We have developed a unique underwriting algorithm that allows us to provide insurance policies and coverages appropriate to our clients and their unique risk portfolios.

Our team is led by first-in-class cyber and special risks experts from the world's most prestigious underwriting entities. We are based across Singapore, Hong Kong, and London, focused on serving the Asia-Pacific market.


Blackpanda Group is Asia's first combined cybersecurity incident response, insurtech, and insurance underwriting group. The Group consists of two entities focused on providing cyber risk management solutions to the Asia-Pacific market.

• Blackpanda (cyber incident response)
• Pandamatics Underwriting (cyber insurance & insurtech)

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