CRISIL Limited and Maxxsure have entered into a strategic partnership to enhance technology risk management by incorporating cyber insurance into their services. Announced from New York and Mumbai, this alliance focuses on delivering advisory services and cyber risk insights to help enterprises globally manage and mitigate technology-related risks more effectively.
Arul Yagappan, Head of Non-Financial Risk Solutions at CRISIL Global Research & Risk Solutions, shared insights on the partnership’s goals. “With Maxxsure, we are leveraging our industry insights and advanced technology to assist clients in proactively addressing cyber risks,” Yagappan noted. The initiative aims to bolster organizational resilience in an increasingly complex digital environment.
Tailored To Transform
The partnership has rolled out services tailored to transform how organizations approach cyber and technology risks. Clients will benefit from strategic advisory services provided by risk management professionals and a comprehensive risk assessment that employs specific data and industry best practices for crafting mitigation strategies.
Shawn Wiora, CEO of Maxxsure, emphasized the partnership’s role in enhancing cyber risk management, particularly through the integration of cyber insurance. “Our collaboration with CRISIL is set to redefine the management of cyber risks, with a significant focus on cyber insurance as a critical component of our solutions,” said Wiora. This approach aims to equip organizations with advanced tools and insights necessary for effective risk management.
Through the collaborative efforts of CRISIL and Maxxsure, organizations will be able to quantify cyber risks and their potential financial impacts, prioritizing investments in risk mitigation and risk transfer through cyber insurance strategies. These services also aim to strengthen companies’ cybersecurity postures and enhance cyber resilience by providing data-driven solutions tailored to each client’s needs.
Targeting sectors such as finance, healthcare, and manufacturing, the partnership provides essential tools and expertise needed to navigate the complexities of modern risk landscapes.
Source: CRISIL, Maxxsure forge strategic partnership to redefine technology risk management.