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Howden and Cyberwrite Partner to Revolutionize Cyber Insurance with AI-Driven Risk Management

Posted on March 18, 2024March 18, 2024 By Martin Hinton

In a strategic move to enhance cyber security measures globally, Cyberwrite, a noted cyber insurance technology company, has partnered with Howden, a global insurance intermediary group. The collaboration is designed to provide Howden’s clients in over 50 countries with advanced tools and insights for dealing with cyber threats more effectively.

Cyberwrite brings to the partnership its expertise in generating detailed cyber risk reports. These reports help brokers and their clients understand the likelihood of cyber incidents. They also help assess the potential financial impacts using advanced AI and analytics. The technology aims to facilitate the development of targeted cyber defense strategies and identify regulatory vulnerabilities, thus aiming to improve businesses’ chances of securing appropriate insurance coverage while minimizing the risk of cyber incidents.

Howden contributes its extensive experience in insurance and risk management to the partnership. Howden’s strong background in broking, risk management, underwriting, and reinsurance, along with its global presence and industry knowledge, will complement Cyberwrite’s technological capabilities. The two companies aim to reshape the cyber insurance market through collaboration, enabling brokers to convey cyber risks more effectively to clients and helping businesses make informed decisions about their digital security measures.

“Cyber Security Needs”

Nir Perry, CEO of Cyberwrite, stated, “Our partnership with Howden represents a significant step forward in our efforts to enhance cyber risk quantification and mitigation for businesses globally.”

Shay Simkin, Global Cyber Insurance Lead at Howden, also commented on the partnership, saying, “Working with Cyberwrite allows us to augment our cyber risk solutions and reinforces our dedication to addressing the evolving cyber security needs of our clients.”

Cyberwrite, established in 2017, has made a name for itself by providing actionable insights into cyber threats through its analytics, AI, and cyber intelligence technologies. Howden, founded in 1994, continues to be a major player in the insurance industry, offering a wide range of services and solutions to clients worldwide, with the partnership marking a concerted effort to bolster cyber resilience on a global scale.

Source: Howden selects Cyberwrite to increase cyber resiliency for clients across 50 countries.

Other News: Howden Launches Howden Ventures Seeking to Revolutionize Insurance Industry(Opens in a new browser tab)

Cyber Insurance Tags:cyber insurance, cyber liability insurance, Cybersecurity, Cyberwrite, Howden

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In this clip from our latest podcast episode, Dan Candee, CEO of Cork Protection, dives into a critical topic that hits close to home: Cybersecurity for Main Street businesses.

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