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.
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.
Insurance Cybersecurity
The cost of an insurance data breach.
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.
Make the right cyber insurance decisions.
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.
Quantify cyber risk and minimize blind spots.
Quantify cyber risk and minimize blind spots.
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.
Secure your insurance supply chain.
Secure your insurance supply chain.
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.
Abhishek Bansal
CISO and head of non-financial risk at Max Life Insurance
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.
Featured Resources
Reports and Research
The Marsh McLennan Cyber Risk Analytics Center Study
Brand new research from Marsh McLennan using Bitsight data shows that many Bitsight analytics are clearly correlated with cybersecurity incidents, including the Bitsight Security Rating and 14 risk vectors.
Reports and Research
A Critical Guide to Closing Your Exposure Management Gaps
Reports and Research