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Arceo.ai Launches to provide Insurance Carriers Cyber Resilience Solutions

In View Summary

Arceo.ai enables insurance carriers to automate and enhance their cyber insurance solutions, while simultaneously increasing the security of their enterprise clients through cyber insurance policy quoting for SME’s, the fastest growing cyber insurance segment. The platform scales SME policy management with a transparent modelling process that accelerates quoting and provides insureds with actionable technical cyber resilience guidance.

Arceo’s platform shifts the economics of cyber risk by aligning security and insurance

Additionally, Arcero collates risk data from global sources and generates insights and analytics for carriers, brokers, and insureds to help enhance risk modelling and build cyber resilience. The company has further expanded its advisory board and added a number of people with expertise to the cybersecurity and insurance sector.

Raj Shah, CEO of Arceo.ai, has spoken of the opportunity for cyber insurance: “Cyber incidents are one of the most important risks facing businesses. For the insurance industry, this represents a significant but challenging opportunity for growth. Our combined team of security and insurance practitioners has enabled us to build a platform for the insurance industry to create and deliver meaningful cyber resilience solutions for their customers.”

Reported Benefits

Benefits to Customers:

  • Automation
  • Improved data protection and security

Benefit to the Insurer:

  • Innovation
  • Increased cyber resilience
  • Improved data protection and security
  • Increased customer engagement and retention

The Digital Insurer's View

There is a general lack of awareness of cyber security solutions despite the emergence of a cyber insurance market will reach $14 billion by 2022. Arceo.ai is trying to bridge this gap by bringing cybersecurity solution providers and insurers together.

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