Saturday, February 4th, 2023

Mosaic companions up with Secure Safety on cyber danger analysis

“We’re really excited in regards to the cyber danger evaluation capabilities we now have because of our partnership with Secure Safety,” mentioned Liam Jones (pictured above left), head of enterprise growth at Mosaic. “The know-how provides us deep community visibility and places the concentrate on cyber danger controls and tradition. It’s a robust differentiator to have the ability to hyperlink cybersecurity measures to insurance coverage protection on this method.”

The SAFE platform’s fashions predict the probability of cyber breaches throughout a company atmosphere, MOSAIC mentioned. Utilizing APIs, SAFE gathers alerts from present cybersecurity merchandise, exterior risk intelligence, and enterprise context to evaluate potential cyber publicity.

“Cyber is probably the most technical danger globally, however the underwriting course of stays largely unscientific right this moment,” mentioned Pankaj Goyal (pictured above proper), senior vp of synthetic intelligence and cyber insurance coverage at Secure Safety. “Secure Safety is evolving cyber insurance coverage underwriting, making it data-driven via an inside-out evaluation.

“We hyperlink safety controls to monetary publicity, serving to underwriters make quicker and higher insurance coverage selections. Mosaic has been pushing the boundaries of innovation in insurance coverage. We’re glad to companion with Mosaic’s workforce to assist insureds develop into safer.”

Learn subsequent: Mosaic provides tech E&O to cyber

Secure Safety will assist Mosaic underwriters see the entire cybersecurity rating for a corporation, along with trade benchmarks. The platform additionally provides underwriters insights on associated monetary exposures, serving to them to find out correct protection limits and design acceptable protection and pricing.

“The insurance coverage trade has lengthy been encumbered by legacy programs and an underwriting course of that lacks technical quantification,” mentioned Yosha DeLong (pictured above heart), international head of cyber at Mosaic. “Now now we have the chance to push innovation into all elements of our cyber underwriting for the good thing about brokers and buyer companions. We stay up for working with Secure Safety to assist cyber underwriting evolve and precisely account for the funding our insureds are making into their cybersecurity tradition.”

Cyber is the fastest-growing of Mosaic’s seven traces of enterprise. Its different traces embody transactional legal responsibility, monetary establishments, political danger, political violence, {and professional} legal responsibility.

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