Solutions for Cyber Insurance
Manage Cyber Risk Across Your Portfolio
A few of our cyber insurance partners
SecurityScorecard is the Standard in Cyber Insurance
Trusted by leading cyber insurers, SecurityScorecard delivers objective security ratings that power smarter underwriting and continuous portfolio monitoring. Its independent, data-driven insights enable faster risk assessment, more accurate pricing, and proactive risk reduction across insured organizations.
- Comprehensive data collection provides continuous visibility of cyber risk exposures.
- Common platform for insureds, brokers, and underwriters drives transparency and efficiency.
- Industry-leading expertise in preparing for and responding to cyber incidents.
13.4x
industry leading breach susceptibility ratio correlated with insurance claims.
Addressing the Challenges to Building a Sustainable Cyber Insurance Market
Cyber Risk Blind Spots
Traditional underwriting relies on questionnaire submissions, which are insufficient for cyber insurance because they can capture all the nuances necessary to understand the risk.
Cyber Expertise Shortage
Non-technical underwriters and brokers often lack sufficient access to experienced security professionals and resources, which hinders their ability to conduct thorough and accurate cyber risk assessments for clients.
Limited Policyholder Engagement
Communication after binding a cyber insurance policy is limited unless a claim occurs. Mass security awareness efforts are often generic and fail to engage or drive action.
Capabilities That Transform Cyber Insurers
SecurityScorecard’s solutions assess and improve cyber insurability, aiding insurers in underwriting and making insureds maintain security requirements.
- Scoring and Risk Analytics
- Cyber Risk Quantification
- Threat and Vulnerability Intelligence
- Portfolio Management
Instantly evaluate the cyber risk exposure for any organization
- Leverage intuitive risk measurements that offer a view of security breach frequency correlated with insurance claims
- Quickly perform real-time and historical cyber risk assessments with minimal information from the insured
- Map underwriting guidelines against risk signals to validate the accuracy of cyber insurance application responses
Determine the financial impact of cyber risk
- Go beyond industry average analysis and gain actionable insights into the insured’s unique risk profile
- Incorporate an assessment of defensive configurations against different threat actor tactics, techniques, and procedures
- Skip costly integrations and time-consuming model calibration and instantly receive analysis output
Gain visibility into attacker behavior and their most likely targets
- Information on 150+ malware families and indicators of compromise is collected and analyzed daily
- 100% of IPs and domains are scanned every 7 days across more than 1,500 ports globally
- Leverage intelligence gathered from over 200 sources across the dark web and keep a close eye on critical assets
Maintain risk awareness and prevent claims before they occur
- Continuously detect malware or malicious activity to determine which insureds show signs of compromise
- Illuminate the tech stack of your insureds and their Nth party dependencies to identify concentration risks
- Leverage data correlated with claims to prioritize focus areas, enable automation, and drive action
Outcomes You Can Expect
Profitable premium growth
Proactively managed loss ratios
Improved policyholder retention
Resources for insurance professionals
Frequently Asked Questions (FAQs)
FAQs about SecurityScorecard for cyber insurance.
How does the data correlate to claims frequency or severity?
SecurityScorecard has received claims data from insurers and used that to calibrate scoring models. In collaboration with the Marsh McLennan Cyber Risk Intelligence Center, SecurityScorecard has found strong correlation with claims frequency.
What percentage of global organizations can be rated?
Any organization with internet-facing assets can be rated using its domain as the input.
How is SecurityScorecard used during underwriting?
During underwriting, SecurityScorecard is used to support risk selection, application reviews, subjectivity management, and pricing.
How is SecurityScorecard used by insurance brokers?
Insurance brokers use SecurityScorecard during prospecting, insurance placement, and to deliver risk management advice.
How can insured organizations use SecurityScorecard as part of their cyber insurance procurement process?
SecurityScorecard offers cybersecurity controls essential for obtaining cyber insurance coverage. Applicants and policyholders can leverage SecurityScorecard to quantify and reduce their organization’s risk profiles, which improves insurability ahead of underwriting and renewal.
