Interesting overview of the AWS Cyber Insurance Program. The program is part of a trend to link automated security assessments and mitigation to insurance.
AWS focuses on companies that already use its services and can be easily connected to insurance providers. But the program is more than a sales channel for insurers. They can also gain underwriting info and confidence based on AWS’ monitoring and improvement of its clients’ security.
“The AWS Cyber Insurance Program in particular highlights five key value propositions:
*Getting a guaranteed cyber insurance quote in two days or less
*Dozens of insurers, large and small, participating
*Easy access for partner companies looking to help with assessment and advisory services
*AWS as an intermediary between consumers and insurance partners
*Streamlining a traditionally manual and cumbersome process, especially for small- and medium-sized businesses (SMBs)”
From AWS: “Working with an AWS Cyber Insurance Partner is fast and easy. AWS Cyber Insurance Partners have streamlined the process for AWS customers get a quote for the cyber insurance coverage they need within 2 business days. With a simplified method of sharing your AWS security posture by way of AWS Security Hub, AWS Cyber Insurance Partners can offer valuable insights as to how the customer can level up their security posture even higher, thereby further reducing the customer’s business risk while unlocking higher coverage limits or reducing the cost on premiums for the customer.”
AWS unveils a game-changing Cyber Insurance Program to address common challenges in the cyber insurance market, offering quick quotes, multiple insurer options, and use of AWS services for streamlined assessments.
Source: 5 Value Propositions That Make AWS Cyber Insurance Transformative for Customers