Canopius Group, a global specialty (re)insurer, has partnered with Group-IB, a cybersecurity technology provider, to enhance its cyber insurance offerings. This marks the first comprehensive alliance between Group-IB and a Lloyd’s of London syndicate. The collaboration aims to provide Canopius’ clients with increased protection and advanced threat intelligence.
This partnership will equip Canopius’ underwriters with improved tools to assess cyber risks and perform in-depth risk assessments accurately. These new capabilities will allow them to offer more precisely tailored and cost-effective insurance coverage. Canopius plans to share this refined expertise with its policyholders through detailed threat reports and a proactive cyber-service catalog.
Canopius’ threat intelligence function will now incorporate data from multiple sources. These include internal cyber incident management, claims data, and open-source feeds. Group-IB will enhance this with data from adversary intelligence, vulnerability information, malware details, and dark web visibility.
“Cyber Risk Management”
This collaboration deepens Canopius’ engagement in the cyber insurance market as it adapts to evolving threats. Matt Northedge, Global Head of Cyber at Canopius, remarked, “Through this partnership, we combine Group-IB’s analytical capabilities with our risk management expertise to offer a technical approach to cyber risk management. We have developed an intelligence-led model and product that delivers a unique perspective on the cyber threat landscape, addressing our clients’ specific needs.”
Dmitry Volkov, CEO of Group-IB, emphasized the importance of advanced threat intelligence against the backdrop of increasingly complex and unpredictable cyber threats. “Our tailored insights from our global operations are critical for resilience. This partnership will ensure continuous visibility and precise profiling essential for effective cyber risk management,” Volkov stated.
The partnership between Canopius and Group-IB is set to provide continuous monitoring and detailed cyber threat profiling, enhancing the cyber resilience of Canopius’ policyholders against both current and emerging cyber threats.
Source: CANOPIUS SIGNS MARKET-FIRST PARTNERSHIP WITH GROUP-IB TO STRENGTHEN CYBER OFFERING.
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