Cyber risk assessment and mitigation aren't just competitive advantages—they're critical for underwriting integrity and loss prevention. Get the insights you need to evaluate policyholder risk, streamline claims processing, and reduce loss ratios.
Underwriting requires insurers and its partners to collect sensitive personal data, including policyholder information and financial records. It is imperative that they protect this extensive data and manage any risk exposure.
Source: IBM Cost of a Data Breach 2023
Why Bitsight for Insurance Organizations
From safeguarding client data to ensuring compliance with industry regulations, Bitsight's capabilities and insights help insurance companies mitigate financial, reputational, and operational risks associated with cyber threats.
Complete Visibility
Gain a panoramic view of your digital ecosystem, including third and fourth-party risks, to preempt potential breaches.
Comprehensive Risk Assessments
Address vulnerable devices, poor credentials, and the potential financial and legal risk of your vendors.
Regulatory Compliance
Navigate regulations with confidence using continuous risk monitoring and standardized questionnaires.
Enhanced Resilience
Leverage risk analytics to strengthen your defenses, keeping client data safe and operations uninterrupted.
Make the right cyber insurance decisions.
Harness market-leading risk analytics to confidently determine underwriting guidelines and pricing for an applicant’s policy. Base your decisions on historical security performance and trends.
Detect exposure across your portfolio and collaborate with insureds to strengthen their security posture—reducing the claims associated with them. Benchmark your security performance against industry standards to communicate effectively with stakeholders.
Protect your digital supply chain by conducting thorough vendor risk assessments, mitigating risks proactively, and continuously monitoring all your providers—ensuring every link meets stringent security standards.
With Bitsight, we have a single, reliable source of truth regarding what our digital footprint is and how our cybersecurity posture stacks up against competitors.
