How our smart cyber proposal form generates cyber-risk-clarity for businesses
The evolving cyber threat to businesses, from DoS attacks to ransomware to business email compromise, can be very challenging for businesses to pin down and quantify. We have handled thousands of cyber claims and have pretty clear visibility of cyber claims drivers and their impact on businesses of different sizes and sectors.
Combining these claims insights with numerous data sources, and the clients’ responses on our Smart Cyber proposal means we can measure and model the cyber impact on the business. The smart form adapts to the businesses’ sector, size, and exposures as the form is completed. It then generates a complimentary summary analysis of the clients’ cyber posture including:
The summary report is freely available on submitting the smart proposal form – even if the client chooses not to purchase a CyberEdge policy. If the business does purchase CyberEdge, then it is entitled to the full executive report with even greater information about their cyber readiness including:
All this enables a business’s leaders to contextualise their cyber exposures in tangible terms such as the number of data records potentially impacted and the corresponding financial impact on the business. It means businesses can assess the likelihood of different kinds of cyber-attack.
It also means that, armed with their projected cost-effectiveness, the business can prioritise the implementation of specific risk reduction measures, to keep their business ahead of the cyber curve.