CyberGuide - Information Security and Cyber Risk Management

Cysurance

(Pictured: Kirsten Bay – Co-founder & CEO)

Gray Newhouse
15 West 38th St, Suite 713
New York, NY 10018
917.503.8031
[email protected]


About Cysurance:

Cysurance provides Cyber-Insurance-as-a-Service, a tech-enabled suite of cyber risk management products distributed by Managed Service Providers (MSPs) to align cybersecurity and cyber risk transfer.

First, Cysurance bridges the gap between small busineses and expensive cyber policies with 360Protect. The first-dollar, subscriptionbased product bundles with providers’ cybersecurity offerings and acts as a service guarantee. It allows MSPs to offer clients up to $500,000 of recovery services if an attack penetrates their defenses, while also increasing the client’s insurability.

Cysurance is also a licensed agent, empowering MSPs to quote and bind standalone cyber insurance and tech E&O policies of up to $2M for clients online. We offer full first- and third-party coverage including social engineering and wire fraud and a suite of value-added endorsements at no extra cost. Our integration with MSPs means no applications or underwriting and highly competitive rates. It also allows our proprietary platform to leverage network monitoring solutions to identify and record anomalous traffic. Cysurance can then alert insureds to potential unknown threats while archiving the relevant forensic data for faster, more efficient claim resolution.

Survey Answers

Target Client Size
>$25M to $100M
Does US business in
Northeast, Southeast, Midwest, Southwest, West
Does international business in
Canada, Continental Europe, Asia, South America, Africa, Australia/New Zealand, Mexico, United Kingdom
Primary Service Offering
Insurance Carrier
When did your company start writing standalone cyber insurance policies?
2019
What are your company’s cyber insurance direct written premiums?
0 to $3M
What percentage of your cyber insurance direct written premiums come from standalone policies and endorsements?
Standalone 91 - 100%
How many dedicated cyber insurance underwriters of standalone does your company have?
more than 25
How many cyber-related claims did your company handle last year?
0-5
What percentage of your cyber-related claims were covered by standalone cyber policies and other lines business?
Did not answer