Leaders of enterprises and large organizations are increasingly turning to cyber insurance to mitigate their cyber risk. But their large networks are complex and dynamic. It can be challenging for cyber insurance underwriters to determine how to measure and price that cyber risk.
While there are products that assess external threats to a network as the policy is issued, what’s been missing from cyber risk assessments is the network, itself. How well is it put together? Does it follow industry best practices? Can unauthorized users reach critical information? Are the near-constant changes networks go through analyzed for risk? Does the organization even know about and manage all parts of its network?
Underwriters haven’t had comprehensive technology to help them look deeper to analyze and measure their clients’ networks. And they haven’t had the information to help their clients improve those networks.
CYBER INSURANCE CLIENTS AND BROKERS
XL Catlin and RedSeal have a joint, dynamic risk management offering. XL Catlin clients that install RedSeal’s platform get information to help improve their network’s resilience and may qualify for improved insurance terms.
CYBER INSURANCE UNDERWRITERS
RedSeal’s network modeling and cyber risk scoring platform gives you critical insight into the risk inherent in a network. You’ll be able to evaluate the network’s resilience and determine how susceptible it is to the threat environment.