Initiative will allow underwriters to raised consider and reply to dangers
This collaboration marks Group-IB’s first full-service partnership with a Lloyd’s of London syndicate. It is going to equip Canopius policyholders with further layers of safety and intelligence, together with enhanced threat assessments, real-time risk notifications, and strategic approaches to risk mitigation.
The initiative additionally allows Canopius’ underwriters to raised consider cyber dangers and carry out complete assessments. The specialty re/insurer famous that this enhanced capability for evaluation will present extra exact and cost-effective insurance coverage options to purchasers by providing quantitative insights into the monetary benefits of particular safety measures.
Canopius’ risk intelligence workforce, which already collects detailed information from numerous sources akin to assault strategies and technical affect info from the inner cyber incident administration workforce, claims information, and open-source feeds, will now be augmented with further information from Group-IB. This consists of adversary intelligence, info on vulnerabilities and malware, and visibility into the darkish net.
Matt Northedge, international head of cyber at Canopius, famous the distinctive buildings of every group with regards to exposures and threats.
“This partnership combines the experience of Group-IB’s risk intelligence analysts with Canopius’ insurance coverage and threat administration data to supply an distinctive technical strategy to cyber threat administration,” he stated. “In becoming a member of our capabilities, we have now developed an intelligence-led mannequin and product, providing an unparalleled perspective on the cyber risk panorama for our purchasers.”
Dmitry Volkov, CEO of Group-IB, additionally commented on the collaboration, highlighting the rising pattern of cyberthreats and the need of risk intelligence in constructing resilience.
“Group-IB is dedicated to delivering multi-sourced and tailor-made insights from its risk intelligence groups, Digital Forensics and Incident Response (DFIR) labs, alongside our Digital Crime Resistance Facilities (DCRCs) across the globe. We’re assured that our partnership with Canopius will allow round the clock visibility, vigilance, and cyber risk profiling needed for efficient cyber threat administration,” Volkov stated.
This new partnership comes shortly after the announcement of Canopius Group’s monetary outcomes for 2023, with the re/insurer underscoring progress and profitability throughout its segments.
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