Stay Ahead of Emerging Threats; MatchedRisk’s AI powered risk analysis allows for a dynamic risk appetite

At MatchedRisk, we recognise the ever-evolving landscape of cybersecurity threats and the critical need for insurers to adapt swiftly. Our platform rapidly identifies threats and risks, new or old; allowing cyber insurers to react proactively to new vulnerabilities and adjust their risk criteria in real-time. This innovative capability ensures that insurers can manage their risk exposure more effectively, avoiding potential losses from newly identified threats.

Proactive Threat Management: With our rapid analysis, insurers can quickly adapt their risk appetite in response to emerging threats. For instance, if a new vulnerability is found in a web server or a specific VPN, insurers can promptly choose to exclude customers using these technologies until a patch is available, and further exclude those who fail to apply the patch. This proactive strategy reduces exposure to high-risk clients and strengthens the security of your insured portfolio.

Key Features:

• Real-Time Adjustments: Our platform allows insurers to dynamically adjust their risk appetite settings in response to new threats. This ensures that your underwriting criteria remain current and aligned with the latest cybersecurity landscape.
• Customisable Criteria: Insurers can define specific risk factors and exclusion criteria, such as disallowing customers using certain software or technologies known to be vulnerable.
• Automated Monitoring: Our platform continuously monitors for new vulnerabilities and threats, providing timely alerts and enabling rapid adjustments to your risk appetite.
• Enhanced Risk Selection: By dynamically tuning out high-risk clients, insurers can improve their risk selection process, reducing the likelihood of claims and increasing profitability.

Benefits of a Dynamic Risk Appetite:

• Improved Risk Management: Stay ahead of potential threats by adjusting your risk criteria in real-time, ensuring optimal management of your risk exposure.
• Customisable Criteria: React swiftly to new information and emerging vulnerabilities, maintaining a proactive stance in the face of evolving cybersecurity threats.
• Reduced Claims Costs: By excluding high-risk clients during periods of heightened vulnerability, insurers can significantly reduce the likelihood of costly claims.
• Strengthened Security Posture Ensure that your insured portfolio consists of clients adhering to the highest security standards, enhancing the overall security of your covered entities.

Example: Consider the discovery of a new zero-day vulnerability in a widely used CMS like WordPress. With our platform, insurers can immediately update their underwriting criteria to exclude new customers using the affected CMS version until the vulnerability is patched. This swift response capability shields insurers from potential breaches and claims related to the unpatched vulnerability. Once a patch is available, our platform can identify customers who have not applied it, enabling insurers to make informed underwriting decisions.

At MatchedRisk, we are dedicated to providing innovative solutions that enhance the agility and effectiveness of cyber insurers. Our ability to allow a dynamic risk appetite is a testament to our commitment to proactive threat management and optimal risk assessment.