Professional services for insurance

Home 5 Solutions 5 Industries 5 Insurance 5 Cyber risk



InClaim: Digital FNOL

Cyber risk

Cyber risk

Real-time detection and reporting of cyber and GDPR risk exposure.

Cyber risk events encompass massive data breaches:

  • Exposing personally identifiable information (PII)
  • Automated ransomware attacks extorting bitcoin payments
  • Cryptomining
  • Ransomware
  • Business email compromise (BEC) attacks
  • Spear phishing

While cyber premiums grow at over 25% per annum, insurers lack real insight into the actual and evolving risk profile of their individual policyholders and of accumulated concentration risks.

We build solutions for data-driven risk decisioning in real-time:

  • Monitor and report on cyber risk using real-time scores on individual devices and across policyholder’s portfolio
  • Support GDPR audits with PII monitoring and alerts
  • Automatically detect and quantify threats without impacting device performance
  • Assess actual and evolving risk profiles of policyholders with access to real-time alerts, dynamic risk scores and aggregated data
  • Reward good risk management and penalise or eliminate risky behaviour with dynamic premium adjustment
  • Drive down the expense ratio, improve profitability and reduce earnings volatility
  • Integrate with policy and claims operational systems to ensure correct price and support forensic analysis should a claim happen

Solution capabilities​

  • Build digital applications​
  • Create models and automate workflows to drive down expense ratios​
  • Review current practice to improve profitability and reduce earnings volatility​
  • Deliver outputs for view via a C-suite dashboard​
  • Generate alerts and a dynamic risk score to help with risk decisioning