Munich Re-backed Squalify expands into US with new client and platform updates

Squalify, a cyber risk quantification platform supported by reinsurer Munich Re, has entered the US market, securing its first significant customer and releasing updates to its platform aimed at expressing cyber risk in financial terms.

The Munich-based company, licensed to use Munich Re’s cyber risk quantification model, is extending its presence beyond Europe to assist US organisations in converting technical cyber risk data into financial metrics suitable for board-level review.

The company’s initial US client, Henry Meds, a digital healthcare provider based in the Bay Area, will use Squalify’s platform to generate risk insights intended to support security investment decisions, regulatory compliance, and reporting to executives.

Demand for top-down cyber risk quantification is increasing across sectors such as healthcare, finance, manufacturing, insurance, retail, automotive, and technology, and Squalify’s expansion aims to address this need by helping organisations measure cyber risk in dollar values and link security spending to business objectives.

Brian Cook, Senior IT & Security Manager at Henry Meds, noted, “With the Squalify platform, we now have a clear view of which business scenarios could hit us hardest and how our cyber risk posture has shifted over the past 18 months. “It’s the first time I’ve been able to show my Executive Board, with confidence, that we’re focused on the right threats and making measurable progress.”

Squalify’s platform, developed from over ten years of cyber loss data and risk modelling, integrates with governance, risk, and compliance (GRC) systems, enterprise risk management (ERM) tools, and other enterprise solutions.

Recent updates include features such as multi-entity risk management, decision impact simulations, and customised board-level reporting. These additions aim to assist U.S. security teams in demonstrating return on investment and supporting cybersecurity budget decisions.

One new feature, Subsidiary Steering, allows cyber risk managers and Chief Information Security Officers (CISOs) to evaluate and manage risk consistently across multiple subsidiaries using Squalify’s quantification approach.

The decision simulations provide insights into how business or security choices affect overall risk exposure, such as assessing the financial implications of defence strategies or business transactions. The Board of Management Report summarises technical data into an executive dashboard designed to support decisions about security spending, cyber insurance, and risk posture.

By connecting technical cyber risk data with financial decision-making, Squalify aims to help organisations quantify cyber risk in monetary terms, identify controls with measurable impact, track changes in risk posture, and model the outcomes of key decisions.

Asdrúbal Pichardo, CEO of Squalify, stated, “Every security decision should be treated as a business decision, grounded in facts, not fear.

“Our US expansion and these latest platform upgrades mark an important step toward helping more organisations bridge the language gap between technical risk and financial reality—so they can protect what matters most, with confidence and clarity.”

With these developments and its growing US presence, Squalify is working to provide clearer insights into cyber risk and support organisations in aligning cybersecurity investments with business priorities.

This website states: The content on this site is sourced from the internet. If there is any infringement, please contact us and we will handle it promptly.