Underwriting success and business growth underpin expansion to some of the largest, most complex class of cyber risks
SAN FRANCISCO, Jan. 29, 2024 /PRNewswire/ — Resilience, a leading cyber risk management provider, has expanded its underwriting authority to serve large global companies with up to $10 billion in annual revenues. The expanded authorities come after a strong year of growth while achieving an industry-leading loss ratio reflecting the success in defending clients from costly cyber incidents. Through 2023, fewer than 5% of Resilience clients filed a cyber claim and have shown significantly enhanced resilience to extortion attempts.
“More important than the growth it brings, this expanded underwriting authority is validation that our model makes clients significantly safer,” said Vishaal “V8” Hariprasad, Co-Founder & CEO, Resilience. “Fundamentally, the insurance industry is organized around ‘single point-in-time underwriting’ with a ‘post-incident’ mindset. When there is a loss and a claim, insurance reacts. The Resilience model is meaningfully different, bringing continuous risk assessment, risk engineering, and ongoing threat hunting paired with…
