
SecurityScorecard's Underwriting Strategy enables insurers to make profitable decisions quickly, matching the dynamic cyber risk landscape. It provides real-time risk assessments and portfolio management, ensuring insurers stay informed and proactive.
Vendor
SecurityScorecard
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Maximize profitability and minimize cyber risk
Make profitable decisions with speed to market that matches the dynamic cyber risk landscape.
Effectively balance risk appetites with growth and profit goals
Cyber insurance has been characterized by volatile risks and equally volatile underwriting requirements. Underwriting overcorrections lead to dissatisfied brokers and insureds who question the value of cyber insurance. A more nimble approach to underwriting that relies on leading, not lagging, indicators of risk will deliver sustainable growth, competitive advantages, and customer satisfaction. Using SecurityScorecard, underwriting leaders leverage data correlated with claims at scale to create sustainable underwriting strategies.
Outcomes
Navigate dynamic risks with confidence
Optimize risk selection
Leverage detailed exposure data to differentiate applicants and avoid risks that lead to higher-than-expected claims frequency and severity
Augment rating strategies
Inform actuarial modeling with data correlated to claims and accurately price risks to deliver loss ratio goals
Deliver consistent results
Clearly communicate a risk appetite to underwriters and standardize risk management practices with trusted security metrics
Critical Capabilities
Real-time dark and clear web data collection
Stay ahead with immediate access to real-time data from both the dark and clear web
Global scanning and robust intelligence collection
Harness the strength of global scanning capabilities and comprehensive intelligence collection
Curated by world-class cyber intelligence experts
Leverage insights curated by world-class cyber intelligence experts, ensuring unparalleled accuracy and relevance
AI and LLM powered intelligence
Leverage the power of AI and LLMs for scalable intelligence, enabling effective handling of complex datasets and scenarios