Quantar Solutions Limited

Quantar Solutions Limited

Quantar Solutions Limited is a U.K. limited liability company, with its offices in Cambridge U.K. Established in 2009, the company is a continuation of an earlier Jersey registered company, IP-TAP U.K., created in 2000. The name of the former company is now the name of one of Quantar Solutions cyber threat valuation products, IPTAP.

The company’s primary activities are in the domain of cyber threat management, from operational levels, to strategic advisory to major corporations. It owns eleven patents, ten being for the U.S., with seven being current patents via the United States Patent Office covering the methodologies required for cyber risk quantification as well as improving the performance of perimeter network security devices, such as firewalls.

Patents

Management of passive devices using covert connections	EP1826986
Assessing Threat to at least one computer network	US 9,143,523
Assessing threat to at least one computer network	US 9,288,224
Apparatus and method for assessing financial loss from threats capable of affecting at least one computer network	US 9, 418,226
Assessing threat to at least one computer network	US 9,363,279
Apparatus and method for assessing financial loss from cyber threats capable of affecting at least one computer network	US 9, 762,605
Assessment of Cyber Threats	US 10122751

Its origin lies in the issues surrounding underwriting and pricing of cyber risks for risk carriers, such as the insurance and reinsurance industries. The growth of cyber insurance demand, coupled with new and emerging regulations for data protection and information security has broadened the scope of coverage of its patented methods.

Using its patented methodologies within the associated software, provides corporate users with non “black box” models for assisting with regulatory compliance for laws such as the E.U. General Data Protection Regulation (GDPR); the U.S. Federal Trade Commission Act (15 U.S. Code §41 et seq.) ; the Canadian Personal Information Protection and Electronic Documents Act (PIPEDA), and others. The software was originally developed for the German insurer and reinsurer, Gothaer for their cyber insurance products, due to their requirement to financially value exposure, to be used in conjunction with their German cyber security auditors, Secunet [1] within the insurance underwriting process.

The current majority shareholder in the company is Dr. Phillip King-Wilson, a British citizen, born in London, U.K., with a background in both business and academia. He acts as the Managing Director of the company and has a doctorate in cyber risk management, as well as being a certified GDPR practitioner, and ISO27000 ISO/IEC 27000 lead auditor and created the company’s patents and software applications. His academic work is used to develop further cyber risk models and is a published academic in the domain. His previous co-authors at INSEAD on strategic technology for corporations include the current co-chair of the World Economic Forum and former Dean at the Samuel Curtis Johnson Graduate School of Management, Soumitra Dutta and the former President of the Singapore Management University, Arnoud de Meyer.

With the rise in demand of cyber insurance since 2016, [2] primarily in the U.S., an increasing number of companies have entered the cyber threat financial valuation market segment, in direct competition with Quantar Solutions Limited. Given the difference in scale between the small U.K. entity and new entrants such as Unisys with its TrustCheck™ product and Dell Technologies with its RSA Archer Cyber Risk Quantification [3] software, Quantar held joint venture or sale discussions with U.S. corporations, including SAS Software, Oracle and Intellectual Ventures, GTT Group, Tangible IP and others.

With the need to understand specific corporate risks in order to underwrite and price cyber coverage for their clients, Quantar Solutions has also returned to its original concept of providing the means to financially value risk exposure and proposed joint ventures with entities such as Hiscox and Nestlé in 2018. Early development of the software was undertaken after input from global reinsurers Swiss Re, Munich Re and brokers Marsh and Willis from 2002, resulting the the first patent being filed to protect the first software invention in 2002.

Quantar Solutions Limited is has commenced divestment activities relating to its U.S. patents, with a view to exiting the U.S. market via a sale to a U.S. operating company, or an offensive patent aggregator. The company has added drone technology threats to its area of expertise in consultancy and research.

Quantar Ssolutions Limited

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