Infoprotect UK

We’ve had some really great conversations with brokers and insurers recently and the two things that keep coming up are understanding and validation. The understanding comes from the broker, client and insurer understanding what is required to obtain cyber insurance and how to translate the client's cyber posture onto the proposal form accurately. The validation is knowing that information on the proposal to insurers is accurate and what it means in terms of obtaining cover, risk profile, claims probability, cyber vulnerability etc. How brokers and insurers do this varies. The service we provide for your clients and partners provides a solution that clarifies the understanding and validates the information required by insurers to provide cover. We work with the client to assess their cyber position and rectify any issues before the risk is presented to the market. The report is generated using the FortMesa platform and requires the right control set (CIS, NIST etc.) to be selected, based on the type of business, the industry it operates in and the desired objective. Additional frameworks can also be selected based on the clients profile, by using Infoprotect’s Security Profile Plans. The cyber risk assessment tools and report provide a clear understanding of the client's cyber risk maturity, including the likelihood and potential impact of various threats. The report is shared with all parties in full, this can then be used to present to the market. We’ve found that this report contains more information than some proposal forms and provides a clear view to insurers of the risk and where claims are likely to come from providing them with a more reliable and detailed risk picture allowing them to provide their best cover and pricing. If you’d like to know more or talk about adding this service for your clients or brokers please get in touch with Brad Fraser today. #cyberinsurance #cyber #cybersecurity #insurance #insurer #cyberunderwriter #casestudy

The number of disruptive and destructive global cyber-attacks taking place each year will increase by 105% to the end of 2024, according to a QBE Insurance report Connected Business: digital dependency fuelling risk. Despite this, and other startling stats, in terms of risk mitigation the report found that; 😲 Despite the growing risk, more than two in five (43%) say their business does not have a cyber insurance policy and more than a third (36%) do not have an incident response plan to address a cyber event. 🙀 A third (34%) of those without cyber insurance stated that it was ‘not a priority’ for their business, despite a significant increase in cyber events over the past few years. 👍 The recent CrowdStrike cyber outage has had a significant impact on businesses’ attitudes to cyber risk, with 61% saying they would increase their cyber insurance as a response, and 45% of those without insurance saying they would look at purchasing cyber insurance, and over one in 10 (12%) saying they would definitely purchase it. 😱 Asked why their business does not have currently have cyber insurance – they cited the top reasons are – it is not a priority, it is too expensive and they believe their business wouldn’t be a target. Our Cyber Risk Assessment tool can help you to give your clients a detailed cyber risk posture report, a roadmap to making improvements needed to shore up their cyber exposure. This report is validated and accurately compiled by a cyber expert so insurer's know that it can be used to calculate insurance risk, exposure, cover and premium accurately. Get in touch with Brad Fraser to find out more. #cyberinsurance #cyber #cybersecurity #insurance #insurer #cyberunderwriter #casestudy

The right IT partner can help you be more efficient and reduce your IT security risk. Let's have a talk about your IT support requirements.   https://oal.lu/yBCR1

The client was having trouble finding comprehensive and affordable cyber insurance. Find out how they got more cover and a reduced premium with the help of Infoprotect UK’s cyber risk assessment. You can read it here 👇 #cyberinsurance #cyber #cybersecurity #insurance #insurer #cyberunderwriter #casestudy

It's easy to make predictions about where insurtech is going, the hard part is implementing common-sense solutions in your local office. We can help. Let's talk.   https://oal.lu/hkLL6

Are you condfident that you could talk your client through a cyber insurance proposal form? ✅ Could you answer their questions? ☑️ Could you validate their answers to the insurers questions? ✅ Do you know what a good risk looks like? ☑️ Do you know what unlocks insurers discounts? ✅ Do you knwo what mitigating factors are acceptable to an insurer when it comes to cyber? ☑️ Would you know if there are any security gaps in your clients cyber security posture? If you need any help with these areas, we have just the service for you. Get in touch with us today to find out how our cyber risk assessment tool can help prepare you and your client for the cyber market. #cyber #cyberinsurance #cybersecurity #insurancebroker #risk #innovation

Emil Sayegh, writing in Forbes, says that there will be a death and rebirth of cyber insurance. Do you agree?   https://oal.lu/j5l3H

’This collaboration will streamline the process of capturing cyber risks,’ says chief executive Brad Fraser in a recent Insurance Times article. "Our approach advocates for a process wherby we are helping clients reduce the chance of attack and reduce the chance of claims." We know that our approach prioritises understanding the clients' cybersecurity posture in greater detail, going beyond traditional proposal forms. With this information the client, broker and insurer get the best possible view of the cyber risk. The client knows what they need to do to fix anything, the insurer has a greater level of transparency but also reliable quantitative data which allows them to give more cover and reduce claims. The team at Brokerbility understand this and recognise that brokers can take a different and pro-active approach to cyber insurance. You can read the full article here - https://lnkd.in/eesr9WXr #cyberriskmanagement #cyberinsurance #insurance #insurers #cyberclaims #valueaddedservices #ransomeware #infoprotect

The Deloitte Global Cyber Executive Briefing gives you some facinating case studies related to potential risk to your firm. Check it out, then give our team a call.   https://oal.lu/q4xoB

We know from our clients that cybersecurity has become a critical concern for businesses of all sizes. In our latest case study, in partnership with N-able, we explore how we successfully address cybersecurity challenges with the help of N-sight's full endpoint security solution that dovetails with cyber insurance requirements. Our SME client was particularly impressed with two key aspects of Infoprotect's offering: 📣 Clear Communication: Infoprotect's ability to explain complex cybersecurity concepts and solutions was understandably highly valued. 📊 Comprehensive and Cost-Effective Package: A robust cyber security solution at a price point that the client found realistic and affordable. This case study demonstrates how Infoprotect UK with N-sight can effectively address the complex cybersecurity needs of modern organisations. By providing clear communication, comprehensive protection, and cost-effective solutions, Infoprotect has helped its clients achieve peace of mind in an increasingly threatening digital environment. For businesses looking to enhance their cybersecurity posture, Infoprotect's delivery of N-sight offers a proven solution that places robust protection at the centre of their cybersecurity strategy. Here is a link to the full case study - https://lnkd.in/eNFgyWyu N-able #cybersecurity #cyberinsurance #cyber #endpointsolution #Nable