Cyber data can empower underwriters
Friday, 09 29 2017, Category: Technology, Country: World
Cyber crime is hitting the headlines on a regular basis. Some estimates suggest it cost the global economy $450 billion last year.
With economic losses so high, there is clearly an opportunity for the insurance industry to provide coverage – if it can become comfortable pricing the risk. One start-up, ThreatInformer, claims it can help insurers and brokers do this.
The start-up performs automated cyber insurance assessments of proposers.
Source: Intelligent Insurer