Skip to content

Cyber Insurance News

The Leading Source for Cybersecurity Insurance News, Insights and Data

Todyl SPECTRA Partnership On Cyber Insurance for MSPs – Lower Costs, Faster Quotes

Posted on April 8, 2025April 8, 2025 By Martin Hinton
Certification-Based Process Replaces Outdated Methods

Todyl has partnered with SPECTRA to revamp how MSPs and their clients obtain cyber insurance. The new process uses a three-step certification method that replaces traditional questionnaires and scans. “Traditional approaches to assessing cyber risk rely heavily on questionnaires or external scans that lack necessary context,” said John Nellen, Founder and CEO of Todyl. The certification process evaluates vendors first, then MSPs, and finally, the client implementation. This structure creates clear documentation of security practices for insurers, leading to faster decisions and better coverage options with premium discounts.

Cyber Insurance Improvements and Premium Discounts

The program offers clients access to preferred coverage, often backed by top-tier insurers like Lloyd’s of London. Insurers may reduce premiums by up to 36%, even for high-risk sectors or clients with a history of incidents.

Todyl and SPECTRA logo used in article about their partnership to enhance cyber insurance solutions for MSPs

“By partnering with Todyl, we’re creating trust between the insurance industry and MSPs,” said Edouard von Herberstein, Founder and CEO of SPECTRA. “Insurers can better understand and price risk.”

Warranty-Backed Security and Faster Procurement

MSPs can differentiate their services by offering warranty-backed protections with financial guarantees. Clients build confidence because insurers recognize their security practices during the underwriting process.

Insurance quotes, often delivered in under 24 hours, significantly reduce the traditional procurement time of weeks or months.

“This partnership ensures those efforts are properly recognized in the insurance process,” Nellen added. “We’re proud to help MSPs demonstrate the effectiveness of their security services.”

SPECTRA logo representing its role as a next-generation cyber insurance and risk management platform for MSPs and carriers.
Early Successes Highlight Impact

According to a press release announcing the news, the Todyl SPECTRA partnership has already shown measurable results:

  • A U.S.-based MSP serving high-risk industries secured a 36% premium reduction after being declined by a market-leading insurer.
  • A large international research organization gained comprehensive coverage following rejections from multiple top carriers.
  • A UK-based MSP with over $100 million in revenue reported 98% client adoption of warranty-backed services. Of those clients, 90% named it as a key differentiator.

Other News: Todyl Updates Partner Program to Support MSPs in Cybersecurity Efforts(Opens in a new browser tab)

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.

Cyber Insurance, Managed Service Providers Tags:cyber insurance, cyber security certification, Managed Service Providers, MSPs, premium discounts, Spectra, Todyl, warranty-backed services

Post navigation

Previous Post: CyberCube and Maury Donnelly & Parr Partner to Boost Cyber Risk Analysis for Clients
Next Post: UK’s New “Cyber Security and Resilience Bill”- Strengthening Digital Defenses

Related Posts

  • Confused About Cyber War Clauses? Jenner & Block Provides Some Clarity in Update to Clients Cyber Insurance
  • Verisk Partners with Infosec to Offer  Insurance Carriers Cyber Training for their Clients  Cyber Insurance
  • Tech Industry Pushes AI Forward While Relying on Cyber Insurance to Mitigate Risks – Embroker Report Cyber Insurance
  • Large Public Company Expands Cyber Insurance Offerings Cyber Insurance
  • SecurityScorecard and Willis Partnership: A New Move in Cyber Risk Strategy Cyber Insurance
  • What Companies Need to Know About the SEC’s New Cybersecurity Rules: Reports & Analysis Cyber Insurance

Get the Cyber Insurance Newsletter

Receive weekly updates on the top news on cyber insurance.

Cyber Insurance News

Cyber Insurance News
SMB Cyber Threats - In this episode of the Cyber Insurance News Podcast, host Martin Hinton talks with Dan Candee, CEO of Cork Protection, about the rising tide of cyber threats targeting small and mid-sized businesses (SMBs). Dan shares his journey from Main Street entrepreneur to cybersecurity leader, offering real-world insight into the threat landscape, financial vulnerabilities, and how AI and managed service providers (MSPs) can help fortify business resilience.

We explore:
• Why Main Street is more vulnerable than Wall Street
• Common SMB cybersecurity blind spots (like ACH fraud)
• The evolving role of managed service providers
• How Cork Protection blends cybersecurity and cyber insurance
• Real-world attack case studies and practical advice for SMBs

Whether you’re a small business owner, MSP, or cyber pro, this episode unpacks how to prepare, prevent, and protect your organization in today’s digital world.

📌 Topics: cybersecurity, cyber insurance, social engineering, SMB protection, ransomware, AI in security, MSPs

🎙 Guest: Dan Candee, CEO of Cork Protection
📢 Host: Martin Hinton, Executive Editor, Cyber Insurance News

👉 Don’t forget to like, comment, and subscribe for more insights on cyber insurance and digital defense!

#CyberSecurity #CyberInsurance #SMB #AI #CyberPodcast #BusinessResilience #smallbusiness #sme
00:00 Introduction - Dan Candee and Cork Protection
02:27 The Importance of Cybersecurity for Small Businesses
05:29 Understanding Cyber Threats and Their Impact
08:26 The Role of Managed Service Providers in Cybersecurity
11:24 24Financial Protection and Cyber Insurance Solutions
14:01 Leveraging AI in Cybersecurity
16:53 Navigating Cyber Insurance Policies
19:56 Empowering Small Businesses with Knowledge
21:52 The Future of Cybersecurity and Community Resilience
26:05 MSP/ MSSP The Lingo decoded
29:05 Finals Thoughts and a bit of Hope!
SMBs Are Cyber Targets | Dan Candee on Cyber Resilience & AI | Cyber Insurance News Podcast EP#6
Cyberattack on Small Business is on the rise—and AI is making it worse. In this episode of the Cyber Insurance News Podcast, host Martin Hinton sits down with William Altman of CyberCube to unpack how AI is enabling threat actors to more efficiently target and exploit small businesses.

🔐 From credential stuffing to brute force attacks, William explains how cybercriminals use AI to bypass login portals and MFA solutions—putting millions of small business owners at risk.

🎙️ Timestamps:
0:00 - Introduction
6:26 - William Altman on AI and threat actors
6:50 - Credential stuffing, brute force & reused credentials
10:00 - What small businesses can do right now
14:20 - The future of AI in cybercrime

🎧 Don’t miss this crucial update on the cybersecurity landscape for small businesses. Subscribe and stay informed.

#cyberattack #smallbusiness #AI #cybersecurity #CyberCube
Cyberattack on Small Business: How AI Supercharges Cyber Threats | William Altman @CyberCube"
AI and Cyber Threats! In this eye-opening clip from the most recent episode of the Cyber Insurance News & Information Podcast, William Altman of CyberCube explains how artificial intelligence (AI) is not yet redefining the cyber threat landscape—but it’s coming.

🔍 Learn how AI may accelerate ransomware tactics, why smaller businesses are most vulnerable.

Altman also warns about the unpredictable rise of Artificial Intelligence and urges listeners to prepare for an uncertain cyber risk landscape.

🎧 Full Episode: https://youtu.be/TbHxosvWhiU?si=E4e9vpazIKd3fm5d
💡 Don’t miss this must-watch insight for cybersecurity, insurance, and risk professionals.
Cyber Threats & AI: What You Must Know – nsights from William Altman | CyberCube #cybersecurity
Load More... Subscribe

Categories

  • 8-K
  • AI & Cyber Insurance
  • AI & Cybersecurity
  • Critical Infrastructure cyber insurance and security
  • Cyber Cat Bonds/Cyber Catastrophe Bonds
  • Cyber Insurance
  • Cyber Insurance APAC
  • Cyber Insurance Best Practices
  • Cyber Insurance Captive
  • Cyber Insurance Carriers & Brokers
  • Cyber Insurance Claims
  • Cyber Insurance EU
  • Cyber Insurance Financial Institutions
  • Cyber Insurance for Government
  • Cyber Insurance for Healthcare
  • Cyber Insurance for Schools
  • Cyber Insurance for SMEs/SMBs
  • Cyber Insurance For Startups
  • Cyber Insurance for Utilities
  • Cyber Insurance Geographic Markets
  • Cyber Insurance Industry Groups
  • Cyber Insurance Investments and M&A
  • Cyber Insurance Jobs
  • Cyber Insurance Laws & Regulations
  • Cyber Insurance Litigation
  • Cyber Insurance Market Size
  • Cyber Insurance MENA
  • Cyber Insurance News & Information Podcst
  • Cyber Insurance People
  • Cyber Insurance Policies & Strategies
  • Cyber Insurance Premiums
  • Cyber Insurance Reports
  • Cyber Insurance Settlements
  • Cyber Insurance Sunday – Upload
  • Cyber Insurance Systemic Risks
  • Cyber Insurance Tech
  • Cyber Insurance Threats
  • Cyber Insurance UK
  • Cyber Insurance Underwriting
  • Cyber Insurance Wholesaler
  • Cyber Regulations
  • Cyber War Exclusions
  • Cybersecurity
  • Cybersecurity and Credit Ratings
  • Cybersecurity for SMBs
  • Cybersecurity in Education
  • Cybersecurity Investment
  • cybersecurity jobs
  • cybersecurity M&A
  • Cybersecurity people
  • Cybersecurity Report
  • Cybersecurity Training
  • Department of Homeland Security
  • EU Cybersecurity
  • Insurance Linked Securities/ILS
  • Insurance Loss Warranty contract/ILW
  • Managed Service Providers
  • National Association of Insurance Commissioners' (NAIC) model cybersecurity law
  • Non-criminal Claims/Non-Malicious Claims
  • Opinion/Commentary
  • Personal Cyber Insurance
  • Personal CyberSecurity
  • Ransomware Insurance
  • Reinsurance
  • Risk Modeling
  • SEC Cyber Disclosure Rule
  • Small Business
  • Supply Chain Cybersecurity And Insurance

Send Ideas, Requests & Comments




    Tags

    AI Artificial Intelligence At-Bay Beazley CFC Chubb Cloud Security Coalition Corvus Cowbell Cowbell Cyber crowdstrike cyber attack cyber crime Cybercrime CyberCube cyber insurace cyber insurance cyberinsurance cyber insurance for small businesses Cyber Insurance Market Cyber liability Insruance cyber liability insurance cyberliabilityinsurance Cyber Resilience Cyber Risk Cyber Risk Management cyber security Cybersecurity cybersecurity insurance Cyber threats Data Breach Howden Lloyds Marsh Microsoft personal cyber insurance phishing Ransomware Ransomware Insurance reinsurance Resilience Risk Management SecurityScorecard small business
    • Cyber Insurance Books
    • Cyber Insurance Reports & Documents
    • Cyber Insurance Acronyms/Terms
    • Cyber Insurance Companies: Carriers, Brokers & Vendors
    • Industry Response: Potential Federal Insurance Response to Catastrophic Cyber Incidents
    • Ransomware Insurance
    • How Much Is Cyber Insurance?
    • Considerations for Buying Cyber Insurance
    • Cyber Liability Insurance Near Me
    • Cyber Insurance Quote
    • Newsletter
    • Legal Analysis & Full Text of 2023 SEC Rule: Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure
    • Glossary
    • About Cyber Insurance News
    • Privacy Policy

    • Lockton Re Bolsters Cyber Insurance Team with Industry Veterans Cyber Insurance People
    • Hacking of “Load Boards” Drives Huge Increase in Freight Fraud & Cyber Insurance Exposure Cyber Insurance
    • Coalition Strengthens European Operations with Appointment of Tine Simonsen as Head of Insurance Cyber Insurance People
    • A Tale of Two Disclosures: SEC Cyber Filings from MGM and Caesars After Their Recent Hacks Cyber Insurance
    • BOXX and Boomerang Join Forces to Strengthen Child Cyber Safety Cyber Insurance
    • RSA’s 2025 ID IQ Report “Shocked”-Highlights High Costs of Identity Breaches and Shift Toward AI and Passwordless Security Cyber Insurance
    • Executive No Doubt Relieved His $107K Expense Report Went Through During  Dispute Over Ransomware  Ransomware Insurance
    • Is Small Business Cyber Insurance More Vital Than Ever? Small Business

    Related Cybersecurity Sites

    http://www.whatiscyberliability.com

    https://www.whatiscyberinsurance.com

    http://www.ddosattacktutorial.com

    http://www.ransomwareremovaltool.com

    Our Privacy Policy: https://cyberinsurancenews.org/privacy-policy/

    Copyright © 2024 Cyber Insurance News.

    Powered by PressBook Premium theme