Business Leader recently spoke to Freddy Knight – the Innovation Director for one of the UK’s leading cyber insurance providers, Optimum Speciality Risks (OSR) – to discuss how his innovative company is disrupting the industry, and helping businesses prepare themselves against future risks.

Can you tell us about OSR?

OSR was founded in 2018 and rebranded and relaunched in 2019, following my arrival as Innovation Director to launch our SME product, Optimum Cyber Plus.

Optimum Cyber Plus is a unique insurance offering and was created to help make the premium cyber insurance and cybersecurity solutions bought by large, corporate organisations accessible to local insurance brokers and their SME clients.

Until its release in 2019, small business owners in the UK had to choose between two realities; Pay hefty premiums for comprehensive cyber insurance solutions that, in most cases, were totally out of proportion to the rest of their insurance/risk management spend, or pay a more reasonable premium for a budget solution which, in the majority of cases, were lacking in appropriate coverage, response services and risk management capabilities.

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