Antigen Security and IBS Partnership Reduces Cyber Insurance Cost for Financial Firms

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Antigen Security has partnered with Integrated Business Systems (IBS) to launch a new Cyber-Insurance Savings Program, helping financial firms reduce their cyber insurance costs. At the same time, they improve resilience against digital threats.

Antigen Security’s CEO Steven Legg added, “Together we streamline underwriting and improve claim outcomes while lowering total cost of risk.”

Antigen Security and Integrated Business Systems partnership image displayed over a modern server room background representing cybersecurity and reduced cyber insurance costs.

Program Offers Measurable Cyber Insurance Savings

The program targets banking, accounting, payment processing, and fintech organizations. According to the companies, participants typically achieve premium savings of 30–60% on cyber insurance policies. They reduce premiums by aligning security controls with insurer standards and documenting every step of the compliance process.

The initiative operationalizes Antigen’s “Resilience by Design” approach. This combines the CIS Controls, NIST Cybersecurity Framework, and MITRE ATT&CK methodologies. The strategy enables businesses to identify and prioritize risks, implement effective security controls, and streamline insurance underwriting processes.

IBS has been designated as a Risk Management Organization within Antigen’s ecosystem, giving clients access to carrier-approved technologies and streamlined insurance workflows—from assessment through renewal.

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“Financial institutions run on trust and time-to-resolution,” said Michael Mullin, President of IBS. “By pairing IBS’s sector-specific expertise with Antigen, our clients can demonstrate readiness to underwriters, cut friction in renewals, and turn better security outcomes into lower premiums.”

Reducing Risk and Strengthening Readiness

Key benefits of the partnership include:

  • Underwriting-ready controls: simplified compliance and faster insurance applications.
  • Lower cyber insurance costs: 30–60% average premium reductions.
  • Reduced incident impact: proactive measures that limit breaches and claim denials.
  • Financial resilience: minimized out-of-pocket losses from uncovered events.
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Martin Hinton

Martin Hinton is the Executive Editor and Publisher of Cyber Insurance News and Information. With over three decades of journalism experience across six continents, his work encompasses investigative reporting, documentaries, and coverage of cultural, political, and business news. To learn more about his career, click on his name to visit his LinkedIn page.

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