Company Research Report: Cyberwrite
Company Overview
Name: Cyberwrite
Mission: To empower insurers, reinsurers, brokers, and agents to make informed, data-backed decisions on cyber risk, enhancing resilience and profitability across the cyber insurance lifecycle.
Founded: 2017
Founders: Cyber and insurance industry veterans.
Key People:
- Nir Perry, CEO & Founder
- Hartmut Mai, President
- Rami Parient, Chief Data Scientist
- Marco Lo Giudice, Head of Catastrophe Modeling
- Uri Fleyder-Kotler, Head of Research
- Jolyn Winkler, Head of Operations
Advisory Team:
- Tony Cabot, Advisor
- Doug Robare, Advisor
- Oliver Holle, Investor & Adviser
- Valeria Schweidel, Data Science Advisor
- Garrett Koehn, Investor & Adviser
Headquarters: No information is available
Number of Employees: No information is available
Revenue: No information is available
Known For: Cyberwrite is known for AI-driven cyber risk quantification and catastrophe modeling solutions. It provides solutions to enable data-backed decision-making in the context of cyber insurance, with a focus on enhancing resilience and improving underwriting efficiency and loss ratios.
Products
Cyberwrite Platform
Description
- Cyberwrite offers a range of products for agents, brokers, reinsurers, syndicates, and insurers, focusing on cyber risk quantification using AI technology. Their solutions provide insight into companies' cyber risk levels, catastrophe modeling, and underwriting efficiencies.
Key Features:
- 4SEEN® AI Technology: This patented technology cross-references data for optimal accuracy, delivering detailed cyber risk assessments.
- Global Reach: Provides actionable insights and reports in multiple languages including English, Spanish, Italian, German, French, Japanese, Portuguese, and more.
- Customized Insights: Tailored cyber insurance risk reports are delivered swiftly, empowering businesses to handle cyber threats confidently.
- Catastrophe Modeling: Advanced modeling capabilities ensure insurers and reinsurers seamlessly manage risk exposure globally.
- Time Efficiency: Produces risk assessments in less than a minute for coverage determination.
Recent Developments
New Partnerships:
- CRC Group Partnership: Cyberwrite's technology has been integrated into the REDY platform by CRC Group, aimed at enhancing cyber risk quantification for brokers and agents. (October 26, 2023)
- HSB Agreement Renewal: Cyberwrite extended its partnership with HSB, focusing on providing data and analytics through its cyber insurance technology solutions. (June 25, 2023)
New Products and Features:
- Catastrophe Modeling Initiative: Cyberwrite is expanding into cyber catastrophe modeling with a new practice led by Lloyd's former head of emerging risks, Marco Lo Giudice.
- Addition of Hartmut Mai: Hartmut Mai joined Cyberwrite as Group President, bringing over 25 years of insurance leadership.
Technology Enhancements:
- Continual platform improvements leveraging the proprietary CyberProfile™ algorithm to assist small to mid-sized companies in managing cyber risk.
Industry Recognition:
- Cyberwrite has been recognized as a Gartner Cool Vendor and has received the Frost & Sullivan Excellence Award.
Other Developments:
- Pixel Privacy Claims: Addressed the rising concerns around pixel privacy claims affecting user data tracking without consent and its implications for cyber insurance.
- Events and Conferences: Participated in the Rendez-Vous de Septembre in Monte Carlo to showcase their catastrophe modeling approach.
Conclusion
Cyberwrite stands at the forefront of innovation in cyber insurance, utilizing its AI-driven platform to address the complexities of cyber risk assessments and catastrophe modeling. Through strategic partnerships, technological advancements, and a focus on global market reach, Cyberwrite continues to shape the future landscape of cyber insurance for both insurers and their clients.
