Professional services for insurance
Overview
Pricing
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