Case Study: Largest Cyber Insurance Provider achieves faster, smarter underwriting and reduced cyber risk with SecurityScorecard

SecurityScorecard Helps Cyber Insurance Provider Make Smarter Risk Assessments During the Underwriting Process

Largest Cyber Insurance Provider — a global corporate and commercial insurer — faced the challenge of underwriting cyber risk for applicants with widely varying cybersecurity maturity amid rising cyber threats. To standardize and speed early risk screening, the insurer adopted SecurityScorecard’s rating platform as a primary scoring tool to evaluate applicants before underwriters invest further resources or engage brokers.

SecurityScorecard delivers continuous security ratings and historical trend data (over a year), enabling the insurer to make faster go/no-go decisions (they decline applicants with a C or lower), save hours of underwriter and broker time, and avoid undue risk; the insurer reports no claims or relevant losses to date. SecurityScorecard’s insights also supported targeted remediation conversations (e.g., turning an F back toward a B) and more proactive, data-driven underwriting.