Case Study: Markerstudy Scales Third-Party Security and Vendor Risk Management with Panorays

How Markerstudy Group Scaled Third-Party Security with Panorays

Markerstudy Group, a leading UK insurance provider, was managing third-party risk across a rapidly growing supplier base of 500+ partners with a lean IT security team. Its annual review process relied on manual Excel-based questionnaires with around 350 questions each, making assessments slow, difficult to scale, and unable to provide continuous visibility into vendor risk. To address this, Markerstudy turned to Panorays for support.

Panorays implemented automated questionnaires, continuous cyber posture monitoring, real-time alerts, and custom assessments for niche suppliers, giving Markerstudy a scalable third-party security workflow. The results were significant: the team increased from 200 to more than 500 supplier assessments per year while saving over 100 hours per week, and Jason Crouch noted the platform eliminated the need for a full additional team. Panorays also improved vendor engagement, compliance, and cross-team adoption.

Markerstudy

Jason Crouch

IT Security Supplier Assurance Manager