Latest news with #Cyberwrite
Yahoo
3 days ago
- Business
- Yahoo
Markel expands tie-up with Cyberwrite for cyber risk modelling
Cyberwrite, a provider of cyber risk modelling, has expanded its partnership with Markel Insurance to enhance underwriting, broker enablement and cyber risk modelling across Europe. Markel Europe uses Cyberwrite's AI-driven technology to help underwriters model exposures and share findings with brokers and clients. The integration provides predictive cyber risk analytics for businesses worldwide, reducing loss ratios and enabling data-driven underwriting in seconds. The technology also supports advanced cyber catastrophe modelling. Cyberwrite's patented AI transforms complex cyber risk data into actionable insights, allowing professionals to quickly communicate breach probabilities and economic impacts. The platform offers benchmarking against industry peers and supports Cyberwrite's next-generation catastrophe modelling solution. Cyberwrite CEO and founder Nir Perry said: 'This expanded partnership demonstrates how our patented AI-driven cyber insurance underwriting technology specifically addresses the gaps that have historically complicated cyber insurance underwriting and modelling.' Markel Europe CEO Frederik Wulff stated: 'Cyberwrite's platform has transformed how we evaluate cyber risk across diverse markets and industries for small and mid-size businesses. 'Our underwriters can now quantify factors that were previously difficult to measure in real-time for any business in local language, enabling brokers to easily explain cyber risks, and giving clients a clearer picture of their specific cyber risks so they know how much cyber coverage to buy, and how to reduce the risk of a breach.' This partnership expansion follows a similar initiative by Samsung Fire & Marine Insurance, which recently joined forces with Cyberwrite to enhance its cyber insurance processes. Founded in 2017 by cybersecurity and insurance veterans, Cyberwrite is a leader in AI-driven cyber risk quantification. Its solutions are used by insurers, reinsurers and brokers to streamline cyber insurance distribution and reduce costs. "Markel expands tie-up with Cyberwrite for cyber risk modelling " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
4 days ago
- Business
- Yahoo
Cyberwrite Expands Partnership with Markel to Advance Underwriting With AI-Driven Predictive Cyber Analytics in Europe
NEW YORK, June 03, 2025--(BUSINESS WIRE)--Cyberwrite, a leading provider of cyber risk modeling, has expanded its partnership with Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), to enhance the capabilities of its underwriting, broker enablement, and cyber risk modeling across Europe. Markel Europe has been utilizing Cyberwrite's AI-driven technology to help underwriters understand and model exposures and communicate findings to underwriters, brokers, and clients. This integration enables Markel to gain insights using predictive cyber risk analytics for any business worldwide, driving down loss ratios and enabling data-driven underwriting in seconds. The data and analytics further enable next-gen cyber catastrophe modeling. "Cyberwrite is proud to be a Markel technology provider. Markel has established itself as a forward-thinking specialty insurer that prioritizes data-driven underwriting precision," said Nir Perry, CEO and Founder of Cyberwrite. "This expanded partnership demonstrates how our patented AI-driven cyber insurance underwriting technology specifically addresses the gaps that have historically complicated cyber insurance underwriting and modeling. Together, we're enabling both underwriters and brokers to quantify the economic impact and probability of a cyber claim with unprecedented granularity and enable lower loss ratios by identifying high-risk businesses before they suffer a breach." Cyberwrite's patented quantitative AI technology transforms complex technical cyber risk data into actionable business insights, allowing insurance professionals to clearly communicate the specific probability of a breach or incident and the potential economic impact of such an event to any business in seconds. The platform provides contextual benchmarking against industry peers and enables the usage of the data in Cyberwrite's next-gen catastrophe modeling solution. Many insurers struggle with limited or inconsistent datasets for cyber risk modeling, creating uncertainty in an environment where threats constantly evolve. Cyberwrite's real-time data-collection abilities cover more than 99.97% of businesses globally, ensuring users can get a risk report for virtually any organization at the time of underwriting in eight languages. "Cyberwrite's platform has transformed how we evaluate cyber risk across diverse markets and industries for small and mid-size businesses," said Frederik Wulff, CEO of Markel Europe. "Our underwriters can now quantify factors that were previously difficult to measure in real-time for any business in local language, enabling brokers to easily explain cyber risks, and giving clients a clearer picture of their specific cyber risks so they know how much cyber coverage to buy, and how to reduce the risk of a breach. The approach of collecting data on each risk and quantifying it enables ground-up catastrophe modeling abilities that translate into improved model certainty." Learn more about how Cyberwrite reduces risk in cyber insurance. About Cyberwrite Founded in 2017 by veterans of the cybersecurity and insurance industries, Cyberwrite is a global leader in AI-driven cyber risk quantification and modeling. Its solutions are trusted by leading insurers, reinsurers, and brokers to power cyber catastrophe modeling, streamline cyber insurance distribution, and enable AI-driven underwriting that reduces loss ratios and operating costs. Cyberwrite's flagship platform, 4SEEN®, delivers real-time, actionable insights on hundreds of millions of companies worldwide, providing unparalleled visibility into cyber risk. Recognized as a Gartner Cool Vendor and honored by Frost & Sullivan, Cyberwrite is at the forefront of innovation in cyber risk analytics. For more information, visit: About Markel Insurance Markel Insurance is a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), Markel Insurance leverages a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide. View source version on Contacts Matt McLoughlinGregory FCA for Cyberwrite610-228-2123cyberwrite@
Business Wire
4 days ago
- Business
- Business Wire
Cyberwrite Expands Partnership with Markel to Advance Underwriting With AI-Driven Predictive Cyber Analytics in Europe
NEW YORK--(BUSINESS WIRE)-- Cyberwrite, a leading provider of cyber risk modeling, has expanded its partnership with Markel Insurance, the insurance operations within Markel Group Inc. (NYSE:MKL), to enhance the capabilities of its underwriting, broker enablement, and cyber risk modeling across Europe. Markel Europe has been utilizing Cyberwrite's AI-driven technology to help underwriters understand and model exposures and communicate findings to underwriters, brokers, and clients. This integration enables Markel to gain insights using predictive cyber risk analytics for any business worldwide, driving down loss ratios and enabling data-driven underwriting in seconds. The data and analytics further enable next-gen cyber catastrophe modeling. 'Cyberwrite is proud to be a Markel technology provider. Markel has established itself as a forward-thinking specialty insurer that prioritizes data-driven underwriting precision,' said Nir Perry, CEO and Founder of Cyberwrite. 'This expanded partnership demonstrates how our patented AI-driven cyber insurance underwriting technology specifically addresses the gaps that have historically complicated cyber insurance underwriting and modeling. Together, we're enabling both underwriters and brokers to quantify the economic impact and probability of a cyber claim with unprecedented granularity and enable lower loss ratios by identifying high-risk businesses before they suffer a breach.' Cyberwrite's patented quantitative AI technology transforms complex technical cyber risk data into actionable business insights, allowing insurance professionals to clearly communicate the specific probability of a breach or incident and the potential economic impact of such an event to any business in seconds. The platform provides contextual benchmarking against industry peers and enables the usage of the data in Cyberwrite's next-gen catastrophe modeling solution. Many insurers struggle with limited or inconsistent datasets for cyber risk modeling, creating uncertainty in an environment where threats constantly evolve. Cyberwrite's real-time data-collection abilities cover more than 99.97% of businesses globally, ensuring users can get a risk report for virtually any organization at the time of underwriting in eight languages. 'Cyberwrite's platform has transformed how we evaluate cyber risk across diverse markets and industries for small and mid-size businesses,' said Frederik Wulff, CEO of Markel Europe. 'Our underwriters can now quantify factors that were previously difficult to measure in real-time for any business in local language, enabling brokers to easily explain cyber risks, and giving clients a clearer picture of their specific cyber risks so they know how much cyber coverage to buy, and how to reduce the risk of a breach. The approach of collecting data on each risk and quantifying it enables ground-up catastrophe modeling abilities that translate into improved model certainty.' Learn more about how Cyberwrite reduces risk in cyber insurance. About Cyberwrite Founded in 2017 by veterans of the cybersecurity and insurance industries, Cyberwrite is a global leader in AI-driven cyber risk quantification and modeling. Its solutions are trusted by leading insurers, reinsurers, and brokers to power cyber catastrophe modeling, streamline cyber insurance distribution, and enable AI-driven underwriting that reduces loss ratios and operating costs. Cyberwrite's flagship platform, 4SEEN ®, delivers real-time, actionable insights on hundreds of millions of companies worldwide, providing unparalleled visibility into cyber risk. Recognized as a Gartner Cool Vendor and honored by Frost & Sullivan, Cyberwrite is at the forefront of innovation in cyber risk analytics. For more information, visit: About Markel Insurance Markel Insurance is a leading global specialty insurer with a truly people-first approach. As the insurance operations within the Markel Group Inc. (NYSE: MKL), Markel Insurance leverages a broad array of capabilities and expertise to create intelligent solutions for the most complex specialty insurance needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
Business Wire
27-05-2025
- Business
- Business Wire
Cyberwrite Partners with Samsung Fire & Marine Insurance on Cyber Insurance
SEOUL, South Korea & NEW YORK--(BUSINESS WIRE)-- Cyberwrite has partnered with Samsung Fire & Marine Insurance (SFMI) to strengthen the insurer's cyber insurance capabilities. Following a comprehensive global evaluation by Samsung Financial C-Lab Outside, Cyberwrite was selected for its expertise in next-generation cyber catastrophe modeling, AI-driven real-time cyber underwriting analytics, and broker enablement abilities. The collaboration will focus on strengthening SFMI's ability to assess the probability and economic impact of cyber attacks across its portfolio and manage catastrophic risk. By 2030, the global cyber insurance market is projected to experience substantial growth, rising from approximately $16 billion in annual premiums in 2025 to over $40 billion to 50 billion by the end of the decade. This surge is driven by escalating cyber threats and the increasing financial impact of cyber incidents on organizations worldwide. Concurrently, cybercrime is anticipated to impose significant economic burdens, with global damages expected to reach approximately $10.5 trillion annually by 2030. 'We chose Cyberwrite because it empowers both our sales and underwriting teams with on-demand, real-time intelligence and actionable risk insights that drive smarter decisions and faster responses,' said Dongjoo Lee, Casualty & Specialty Underwriting Team Lead at SFMI. Cyberwrite's solution is powered by its proprietary, patented AI-driven predictive algorithms, designed to predict and quantify how cyber incidents impact organizations of all sizes from SMBs to conglomerates. Since 2017, its platform has become a global benchmark for insurers, delivering accurate, scalable insights into cyber exposure and portfolio risk management in over 50 countries. This collaboration marks an important step in advancing SFMI's cyber insurance capabilities. SFMI is a globally recognized insurance leader serving millions of customers and businesses worldwide. The biggest property and casualty insurer in South Korea, with a worldwide network of some 20 offices in 11 countries, is expanding its offerings to meet the growing need for effective cyber risk management solutions and cyber insurance. 'SFMI's decision to engage with Cyberwrite demonstrates that our platform has set a new bar for underwriters, risk managers, and clients who need real-time clarity on emerging cyber threats,' said Nir Perry, CEO of Cyberwrite. 'Our cyber underwriting AI abilities and next-gen catastrophe modeling platform are already used in over 50 countries and eight languages worldwide and can provide data on over 320 million businesses worldwide in real-time. We are honored to support Samsung's cyber insurance initiatives with the highest technology innovation and service standards.' Cyberwrite continues to support insurers, brokers, and reinsurers worldwide in addressing the rising challenge of cyber risk with data-driven transparency, precision, and scalability. Samsung will present the Cyberwrite solution at Korea International Insurance Conference held from June 4-5, 2025. Cyberwrite CEO Nir Perry will be speaking on the topic of cyber risk quantification at ITC Asia in Singapore on June 4, 2025. About Samsung Fire & Marine Insurance: Since 1952, Samsung Fire & Marine Insurance Co., Ltd. (SFMI) has been delivering exceptional property and casualty insurance products and services to businesses and individuals. About Cyberwrite: Founded in 2017, Cyberwrite is a global leader whose solutions empower insurers, reinsurers, and brokers with next-generation cyber catastrophe modeling, streamlined cyber insurance distribution, and AI-driven underwriting that lowers loss ratios and operating costs. Its flagship platform, 4SEEN®, delivers real-time, actionable insights on over 320 million companies worldwide, providing unparalleled visibility into cyber insurance risk. Recognized as a Gartner Cool Vendor and honored by Frost & Sullivan, Cyberwrite is at the forefront of innovation in cyber insurance analytics. For more information, visit
Yahoo
28-03-2025
- Business
- Yahoo
Howden expands partnership with Cyberwrite for cyber risk insights
Reinsurer Howden has expanded its partnership with Cyberwrite, a provider of cyber risk modelling, across 52 countries and seven languages. The partnership will enhance the ability of Howden's brokers worldwide to assess cyber risks more "effectively". Cyberwrite claims that its advanced cyber risk quantification technology will equip Howden brokers with the tools to provide clients with actionable risk insights and benchmark their cyber exposure against industry peers. This enables businesses of all sizes to better understand their cyber risks and optimise their insurance coverage, the company added. The collaboration aims to tackle the challenges brokers encounter when selling cyber policies, such as client education, policy optimisation and underwriting efficiency. By leveraging Cyberwrite's AI-driven cyber risk reports, powered by its patented 4SEEN technology, the insurer will gain deeper insights into cyber risk, improving confidence in the underwriting process. Cyberwrite CEO and founder Nir Perry said: 'Cyber insurance is becoming an essential part of business resilience, and Howden is leading the charge in delivering smarter cyber risk solutions globally. By equipping Howden brokers with Cyberwrite's patented AI-driven real-time risk reports, we are helping businesses worldwide make informed decisions and secure the coverage they need against growing cyber threats.' According to Howden's 2024 cyber report, the insurance market has seen a 15% reduction in pricing from its 2022 peak. Howden cyber global head Shay Simkin stated: 'By integrating Cyberwrite's reports into our cutting-edge Cyber+ system, we are able to offer the best-of-breed cyber risk reports worldwide in real time to our customer base and beyond. 'We have been using Cyberwrite's technology since 2019, and expanding this relationship allows us to provide more context about risk exposure to companies that don't understand how vulnerable they are.' Additionally, Cyberwrite expanded its risk assessment capabilities to include catastrophe modelling, which supports reinsurance brokers in assessing risk and communicating it to clients. Recently, Howden agreed to acquire Barnett Waddingham, a UK-based consultancy offering insurance, risk, pensions and investment services. "Howden expands partnership with Cyberwrite for cyber risk insights " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
