Cyberwrite’s Post

It’s not every day an Insurtech company gets an #AI #Patent for a Cyber Insurance Underwriting method, so when we got the notice of allowance of our patent at Cyberwrite, it was a great sense of achievement and much fun. Nowadays, many people think of AI only in the generative AI sense, such as #ChatGPT, which is fantastic. However, using AI for #underwriting purposes in #insurance and banking is becoming a growing part of daily activities and an essential part of managing profitable books of business. It gets less exposure in our everyday lives but has a positive impact nonetheless. Achieved together with the amazing Rami Parient and Uri Fleyder-Kotler (each gets their own patent memorabilia, of course). Thanks to our patent gurus, Yoni Erez and Neta Erez

Cyber insurance enters a new phase of development as non-U.S. territories set to capture 54% of growth up to 2030: https://ow.ly/zwBB50SrINY Out now, our latest cyber report, 'Risk, resilience and relevance', reveals that conditions started to stabilise last year as improved cyber hygiene amongst insureds helped to prevent or mitigate the impact of attacks. Head over to our site for the full story. #Howden #cyber #CyberInsurance #CyberThreat #insurance #RiskManagement

A few months ago, I offered a free Cyber Risk Assessment using Cyberwrite to a potential client. This led to identifying multiple open ports, which when closed, resulted in significant improvements. The client managed to secure a superior cyber insurance renewal premium as a direct outcome. The assessment also uncovered critical insights such as PII and user credentials on the Dark Web, Security Headers vulnerabilities, and a benchmark of potential exposure to various types of incidents. If you're keen on obtaining a comparable report for your organization, please message me directly. #cyber #cyberinsurance

A few months ago, I offered a free Cyber Risk Assessment using Cyberwrite to a potential client. This led to identifying multiple open ports, which when closed, resulted in significant improvements. The client managed to secure a superior cyber insurance renewal premium as a direct outcome. The assessment also uncovered critical insights such as PII and user credentials on the Dark Web, Security Headers vulnerabilities, and a benchmark of potential exposure to various types of incidents. If you're keen on obtaining a comparable report for your organization, please message me directly. #cyber #cyberinsurance

We’re proud to unveil our latest report, Reframing Cyber Risk: Navigating Threats and Embracing Opportunities. Through insights underpinned by data analytics, the first-of-its kind report challenges perceptions of cyber systemic risk, whilst highlighting untapped opportunities for the strategic expansion of cyber portfolios. The report sheds light on the often misunderstood landscape of cyber risk, challenging a persistent narrative of imminent digital catastrophe. The report highlights that while the threat of large-scale cyber attacks is often seen as a key obstacle to the market’s growth, they face significant execution challenges. Instead, rather than cyber cats (re)insurers are more commonly dealing with “cyber-kittens”, smaller incidents with more contained and manageable impacts. Our analysis suggests that larger carriers assume disproportionately little cyber risk when compared with nat-cat, even though nat-cat historically produces more significant losses relative to written premiums. This cautious approach may be limiting the industry’s ability to capitalise on the significant opportunities presented by cyber (re)insurance. Read more here: https://lnkd.in/eQKdCYnd Or for more information, contact our team: Luke Foord-Kelcey; Matthew Webb, Mark Lynch, David Flandro, Nena Atkinson #Howden #HowdenRe #Reinsurance #Cyberrisk #Cyber #Natcat #DataAnalytics #Advisory