Cytegic hires Cyber Risk and InsurTech Expert Steven Schwartz to Lead Unit
NEW YORK, Sept. 19, 2019 /PRNewswire/ — Cytegic, the industry’s first and leading company to quantify cyber risk at scale announced the launch of their insurance unit today to support the industry in quantifying complex, evolving risks from the rapid pace of technological change. With 4 US Granted Patents, Cytegic’s innovative, mature cyber risk platform is the industry’s first, end-to-end solution automating cyber risk management and quantifying its financial impact across the entire insurance and risk value chain.
Heading the unit will be Cyber Risk and InsurTech expert Steven Schwartz, who joins Cytegic as Vice President of Strategy & Insurance.
“This is a once in a lifetime opportunity to work with a platform as mature as Cytegic’s and the value proposition it brings to the insurance market. We make cyber risk understandable and in the language we all understand; dollars,” Schwartz said. “Imagine a world where insurance is not purely transactional for transferring risk, but advising insureds on mitigating risks with a relationship built on trust. New sources of revenue without customer acquisition…
