Canopius, a specialty and property and casualty (P&C) reinsurer, has shaped a partnership with Group-IB to boost its cyber insurance coverage choices.
This collaboration marks Group-IB’s first full-service partnership with a Lloyd’s of London syndicate.
It goals to supply Canopius policyholders with an enhanced stage of safety and risk intelligence.
Based in 2003 and based mostly in Singapore, Group-IB specialises in creating cybersecurity applied sciences to analyze and fight digital crime.
The partnership will look to ship danger assessments, real-time risk notifications, and knowledgeable methods for risk mitigation to Canopius’ purchasers.
Canopius’ underwriters will leverage this functionality to higher assess cyber dangers and conduct complete danger evaluations.
Entry essentially the most complete Firm Profiles
available on the market, powered by GlobalData. Save hours of analysis. Acquire aggressive edge.
Firm Profile – free
pattern
Thanks!
Your obtain electronic mail will arrive shortly
We’re assured in regards to the
distinctive
high quality of our Firm Profiles. Nevertheless, we wish you to take advantage of
useful
resolution for what you are promoting, so we provide a free pattern which you could obtain by
submitting the beneath kind
By GlobalData
That is anticipated to supply quantitative insights into the monetary advantages of safety measures, enabling exact and cost-effective protection.
The insurer will provide these new capabilities to policyholders by way of detailed risk stories and a listing of cyber providers.
Canopius’ risk intelligence perform gathers knowledge from numerous sources reminiscent of assault strategies and technical influence data from the inner Cyber Incident Administration staff, claims knowledge, and feeds which are open-source.
Group-IB will improve this with extra knowledge from adversary intelligence, vulnerability and malware data, and darkish net visibility.
Canopius world head of cyber Matt Northedge stated: “This partnership combines the in depth experience of Group-IB’s risk intelligence analysts with Canopius’ insurance coverage and danger administration data, to supply an distinctive technical strategy to cyber danger administration.
“In becoming a member of our capabilities, we now have developed an intelligence-led mannequin and product, providing an unparalleled perspective on the cyber risk panorama for our purchasers.”
Group-IB CEO Dmitry Volkov stated: “As cyber threats evolve in complexity and unpredictability, risk intelligence is essential for constructing resilience in opposition to each present and future threats. We’re assured that our partnership with Canopius will allow round the clock visibility, vigilance, and cyber risk profiling needed for efficient cyber danger administration.”
The alliance with Group-IB follows the current appointment of Quickly Eager Lee as CEO of Asia Pacific and MENA at Canopius.
Lee, who joined from AIG APAC the place she served as head of economic property and SME for APAC, will lead the Canopius APAC Enterprise Unit throughout Singapore and Australia.
