Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at martin.kornacki@the-digital-insurer.com

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
  • Let us know how we can help. You can expect a response within 24 hours

XL Catlin and RedSeal Launch Cyber Insurance Industry’s First Dynamic Measure of Resilience to Gauge Risk, Improve Cybersecurity and Insurance Terms

In View Summary

XL Catlin and RedSeal (network modeling and risk scoring platform) launched cyber insurance industry’s first dynamic measure of resilience which will help measure risk, improve cybersecurity and insurance terms.

RedSeal is a cybersecurity platform that puts security management and decision-making power right in your hands.

The USP of this partnership is RedSeal’s patented network modeling and risk scoring platform which creates a network model from the inside out, including physical assets, as well as those in public and private cloud environments. The insights generated are being used to calculate the Digital Resilience Score which helps evaluate client’s network in three ways.

1.How gaps caused by incorrectly configured devices and third-party software could compromise the network.

2.How accessible the client’s important assets are to hackers;

3.The degree  of understanding of the network, including all devices and connections

The score allows  XL Catlin to evaluate the client’s resilience and if it warrants improved terms.

John Coletti, chief underwriting officer, cyber and technology, XL Catlin has said of the partnership: “We see this collaboration as a win-win for all involved. We’re giving our clients the option to create a cycle of continuous improvement in their cyber security efforts. Plus, our underwriters have more in-depth information to evaluate their risk and provide the most appropriate policy terms and pricing – and our customers can use the same information to improve their resilience and lower their risk.”

Reported Benefits

Benefits to Customers

  • Saves time and cost
  • Protects brand and reputation
  • Real-time
  • Simplicity
  • Transparency
  • Improved protection
  • Customer engagement
  • Innovative products and services
  • Reduced frauds

 Benefit to the Insurer:

  • Higher customer engagement
  • Innovative products and services
  • Saves time and cost
  • Increased customer retention
  • Improved insurance demand

The Digital Insurer's View

As technology evolves , the need for cyber security will also increase. XL Catlin and RedSeal’s partnership is the proof to the evolving insurance technology. The insurance industry is changing and is entering into a new phase and is evident on how the cyber insurance scheme is changing.

References

Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in