While cyber insurance has never been more desperately required by businesses of all sizes, insurance carriers often struggle to appropriately evaluate their risk. As a result, insurers are significantly increasing their premiums, reducing coverage, or exiting the cyber insurance market completely – frustrating customers in the process.
To better control their exposure to the unique risks posed by cyber crime, insurers must leverage a new process to remain agile and responsive. We call that process continuous underwriting.
In this ebook, we’ll help you understand how a continuous underwriting approach works, challenges to watch for, and why security ratings are an essential tool for enabling a continuous underwriting process.