InsurTechnix’s CyberSentinel provides cyber insurers with instant access to aggregated and evolving risk data so they can better price cyber risks; improve their profitability and reduce earnings volatility. We bin paper-based application forms and automate through the policy lifecycle. Risk data is continuously collected from policyholder devices. This data automatically populates cyber-insurance application/renewal forms ensuring that the cyber insurer has the right data to write the right policy at the right price. Initial quotes are automatically generated together with recommendations to improve cyber risk. Quotes are instantly adjusted in response to remedial actions. Once a policy is bound, scores are constantly updated, and alerts sent through the policyholder to facilitate cyber risk management
At the technical level, our key differentiators are our ability to provide insures with a real-time ‘inside out’ view of risk and customisable scoring AI and analytics.
Because our solution provides the insurers with device level risks, they can view specific risk exposures across their entire portfolio. We use this ‘inside-out’ view of data throughout the policy lifecycle. In the event of a loss, the insurer has remote access to the audit trial leading to the claim and visibility to the actual loss. Legitimate claims can be paid promptly, improving customer loyalty. Questionable claims can be investigated remotely without requiring expensive forensic teams.