Cyber Insurance Solutions Now Available for $10B+ Revenue Enterprises
Resilience has extended its cyber risk capacity to enterprises earning more than $10 billion in annual revenue. The move gives broker partners expanded cyber underwriting options to protect against cyber threats. A new partnership with Accredited Insurance and a panel of global cyber reinsurers backs this growth. Currently Resilience serves over 10% of U.S. enterprises generating $1 billion or more in revenue.
Resilience Builds on Its Existing $1B+ Enterprise Client Base
Resilience has served American enterprises, generating over $1 billion in revenue since its founding in 2020. With the new agreement, broker partners can now access policies and services tailored to larger accounts.
George Kotsiopoulos, President of Insurance at Resilience, explained the company’s approach. “The future of cyber insurance is to deliver integrated security and insurance solutions that help clients prevent losses, not just react to them,” he said.
Market Demand Grows Amid Increasing Cyber Threats
The announcement aligns with market demands. Enterprises of all sizes are facing growing cybersecurity challenges, particularly from third-party business interruptions. A 2023 Gartner Reinventing Third-Party Cybersecurity Risk Management Survey, showed two-thirds of enterprises expanded their cybersecurity investments to manage these risks.
Third-Party Risk and Ransomware Continue to Drive Claims
According to Resilience’s 2024 Cyber Risk Report, third-party risk accounted for 31% of all cyber claims and 23% of material losses. Ransomware remained a major threat, with 43% of claims involving first-party ransomware incidents. Vendor-targeted ransomware led to 18% of incurred claims in 2024.
Integrated Cyber Risk Management Platform Distinguishes Resilience
President of Resilience Mario Vitale emphasized the need for a broader strategy, saying, “Traditional insurance can’t address today’s threat landscape. Our integrated risk approach improves clients’ visibility and responsiveness.”
Resilience’s platform includes:
- Direct in-house claims handling
- A Risk Operations Center for threat intelligence and risk evaluation
- A cyber decision platform for risk quantification and planning
Accredited Insurance Supports Strategic Cyber Risk Expansion
Accredited Insurance’s CEO William Spiegel highlighted the strategic fit, noting, “Resilience is changing the future of cyber by offering high-performing, sustainable cyber risk solutions.”
