Make the shift to continuous underwriting
Traditional insurance practices don’t work for cyber risk because they rely on single-point-in-time assessments. These put insurers in a reactive state as they wait for claims to let them know that a change in strategy is needed. Leading insurers are shifting to a continuous underwriting approach that can keep up with a dynamic risk landscape. These insurers are growing, staying profitable, and satisfying customers using SecurityScorecard’s unique ability to quantify risks, increase resilience, and respond to incidents.
A View Inside
Reduce your exposure and drive your cyber insurance business to new heights
Efficiently underwrite risk
Select risks aligned to guidelines, prioritize subjectivities, and communicate findings
Maintain a healthy portfolio
Prevent claims by continuously monitoring exposure trends and engaging high-risk policyholders
Manage systemic risk
Identify risk accumulations from common suppliers and augment catastrophe modeling inputs
Develop differentiated product
Build accurate actuarial models and create incentives that reward low-risk policyholders.
Build a Viable Cyber Line of Business
- Grow insurance premiums: Increase your book of business without sacrificing the due diligence needed to write profitable risks.
- Manage loss ratios: Prevent security incidents and claims with targeted risk mitigation strategies.
- Improve policyholder retention: Keep highly satisfied, engaged, and insurable policyholders.
Gain a full picture of any insured’s security posture to supplement application data
Claims-correlated data prioritizes areas of focus, enables automation, and drives action
Real-time data keeps you informed of new issues that could impact portfolio performance
Stay engaged with insureds using timely communications that facilitate risk reduction
Hear From Our Customers
“We are thrilled to work alongside SecurityScorecard, which is well known in the cyber risk industry for its commitment to transparency, driving value and helping to reduce risk.”Great American Insurance Company Ryan FitzSimmons, Divisional Vice President1 / 0
“Our goals have been achieved. SecurityScorecard provides a solid foundation for engaging with our customers.”Senior Product Manager, Fubon Insurance1 / 0
“By partnering with SecurityScorecard we can offer clients valuable insights and analysis before a breach occur.”Global Risk Solutions Chief Underwriting Officer, Liberty Mutual David Perez1 / 0
“Security ratings give you a dynamic point in time view of cybersecurity posture.”Senior Underwriter, RSUI Nimisha Aneja1 / 0