Certification-Based Process Replaces Outdated Methods
Todyl has partnered with SPECTRA to revamp how MSPs and their clients obtain cyber insurance. The new process uses a three-step certification method that replaces traditional questionnaires and scans. “Traditional approaches to assessing cyber risk rely heavily on questionnaires or external scans that lack necessary context,” said John Nellen, Founder and CEO of Todyl. The certification process evaluates vendors first, then MSPs, and finally, the client implementation. This structure creates clear documentation of security practices for insurers, leading to faster decisions and better coverage options with premium discounts.
Cyber Insurance Improvements and Premium Discounts
The program offers clients access to preferred coverage, often backed by top-tier insurers like Lloyd’s of London. Insurers may reduce premiums by up to 36%, even for high-risk sectors or clients with a history of incidents.
“By partnering with Todyl, we’re creating trust between the insurance industry and MSPs,” said Edouard von Herberstein, Founder and CEO of SPECTRA. “Insurers can better understand and price risk.”
Warranty-Backed Security and Faster Procurement
MSPs can differentiate their services by offering warranty-backed protections with financial guarantees. Clients build confidence because insurers recognize their security practices during the underwriting process.
Insurance quotes, often delivered in under 24 hours, significantly reduce the traditional procurement time of weeks or months.
“This partnership ensures those efforts are properly recognized in the insurance process,” Nellen added. “We’re proud to help MSPs demonstrate the effectiveness of their security services.”
Early Successes Highlight Impact
According to a press release announcing the news, the Todyl SPECTRA partnership has already shown measurable results:
- A U.S.-based MSP serving high-risk industries secured a 36% premium reduction after being declined by a market-leading insurer.
- A large international research organization gained comprehensive coverage following rejections from multiple top carriers.
- A UK-based MSP with over $100 million in revenue reported 98% client adoption of warranty-backed services. Of those clients, 90% named it as a key differentiator.
Other News: Todyl Updates Partner Program to Support MSPs in Cybersecurity Efforts(Opens in a new browser tab)
