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Cyberwrite Named a 2018 Cool Vendor in Insurance by Gartner for Its Cyberrisk Profiling Technology

Distributors decided on for the “Cool Distributors” file are leading edge, impactful and intriguing

SAN FRANCISCO & TEL AVIV, Israel–(BUSINESS WIRE)–Would possibly 16, 2018–

Cyberwrite these days introduced it’s been integrated within the checklist of “Cool Distributors” in the “Cool Distributors in Insurance coverage”1 by means of Gartner, Inc. The InsurTech innovator has been identified for its cyberrisk profiling era for cyber insurance coverage.

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Within the file Gartner writes, “Gartner’s Cool Distributors in insurance coverage follow a extensive vary of rising applied sciences to supply leading edge merchandise and services and products and enhance new trade fashions. Existence and P&C insurance coverage CIOs can use this analysis to stay themselves and their trade friends forward of the contest.”

Cyberwrite’s cloud-based SaaS resolution provides insurers and agents distinctive insights that allow them to tailor cyber insurance coverage insurance policies to meet the particular wishes and finances of particular person small and midsized companies (SMBs). The answer is in response to gadget studying era for translating uncooked cyber possibility knowledge into cyber protection possibility rankings and monetary affect estimations.

Cyberwrite allows protection to be adapted to the particular dangers of SMB’s, quite than the “one length suits all” way these days introduced. The answer is already being utilized by one of the international’s biggest insurers, with studies run up to now for over 50,000 corporations globally.

As a result of Cyberwrite profiles and analyzes the cyber insurance coverage possibility of companies in actual time and on call for, it is helping each insurers and their consumers to grasp the chance and fiscal affect of a cyber match for that individual trade. That is offered in a one-page, easy to grasp file, which serves insurers and agents after they promote and underwrite cyber insurance policies in addition to trade house owners in order that they can buy the correct protection. It’s particularly helpful and transparent for those that are now not cyber mavens.

As well as, insurance coverage corporations combine Cyberwrite’s knowledge into their device the use of Cyberwrite’s APIs for underwriting and disaster modelling functions.

“Cyber insurance coverage insurance policies introduced to small and midsize companies are generally very extensive and untailored, leading to companies paying further for unneeded protection whilst now not being lined for the true dangers they face, and we’re out to switch this,” mentioned Nir Perry, CEO, Cyberwrite. “We’re very proud to be integrated within the prestigious Gartner file. We consider that Cyberwrite is about to shake issues up within the coming years for the insurance coverage trade.”

In keeping with america Nationwide Cyber Safety Alliance 60 p.c of small corporations are not able to maintain their companies six months after a cyber assault.

“Cyber insurance coverage is turning into very important to companies as the one product that compensates them after an assault, when era can’t supply general coverage. We think top call for for this sort of insurance coverage amongst small and mid-size companies on account of the top and rising choice of harmful cyber assaults,” added Perry. Allianz initiatives the cyber insurance coverage marketplace is about to develop to $20B in annual premiums within the subsequent 7 years.

Cyberwrite is certainly one of simplest 4 insurtech corporations globally to be identified by means of Gartner, as a Cool Seller, whose insurtech database covers greater than 1,000 startups.

Gartner shoppers can get right of entry to the Gartner file right here.

¹Gartner, Cool Distributors in Insurance coverage, Sham Gill, Kimberly Harris-Ferrante, Jeff Haner, Laurie Shotton, Richard Thomas Natale, Juergen Weiss, 26 April 2018

Gartner Disclaimer

Gartner does now not endorse any seller, services or products depicted in its analysis publications, and does now not advise era customers to choose simplest the ones distributors with the absolute best scores or different designation. Gartner analysis publications include the reviews of Gartner’s analysis group and must now not be construed as statements of reality. Gartner disclaims all warranties, expressed or implied, with recognize to this analysis, together with any warranties of merchantability or health for a specific goal.

About Cyberwrite

Cyberwrite used to be based in 2016 by means of a staff of cyber possibility mavens and insurance coverage veterans to handle the $20B marketplace of cyber insurance coverage.

The corporate has consumers in the USA and Europe and is sponsored by means of Austrian challenge capital fund SpeedInvest, in addition to senior insurance coverage executives and angel traders from the USA and Israel. A few of the corporate’s advisors are Shmulik Regev, some of the founders of Trusteer and Inbar Raz, a idea chief and speaker in cyber intelligence analysis. Seek advice from Cyberwrite at www.cyberwrite.com or on LinkedIn and Twitter.

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Kesselring Communications for Cyberwrite
Leslie Kesselring
+1 503-358-1012

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