CIS Insurer Solutions
Cyber indemnity Solutions creates and licenses innovative cyber risk assessment and insurance solutions to the insurance industry using pre-engineered technology methods which enable our insurer partners to better manage policyholder cyber risks.
Cyber threats pose an increasingly complex range of risks to organisations who search for options to mitigate associated financial risks. Cyber risks are continually evolving and each business organisation has a unique risk profile and operating environment. Some would state it is nearly impossible for businesses to continually upgrade their systems, processes and hardware in order to manage risks in this fast changing cyber landscape.
In this environment, insurers don’t have adequate cyber policy claims history or actuarial data to quantify cyber risks let alone having full and accurate information on the risks of each particular policyholder.
CIS Services and Products
CIS has created a suite of products to manage cyber threats including products that combine information technology, cyber risk education and pre-engineered insurance policies to manage evolving cyber risks.
Our insurer partners underwrite, bundle or embed our pre-engineered insurance policy content and IT management solutions into their own policy offerings for their policyholders.
We partner with legal, educational and technology companies to provide a range of risk management and cyber claim process services.
Pre-engineered, full indemnity policies for permanent data loss.
The patented CIS Data Insurance policy is a pre-approved 1st party policy to insure policyholders against permanent data loss incidents. It is a specialised policy that can be embedded in existing or provided concurrent to cyber policies.
Our Data Insurance policy also includes insurer audited data backup services that are managed to CIS standards for transparent risk management.
Cyber Risk Assessment
IT and operations assessment and benchmarking services.
How do insurers know what cyber risks each policyholder might be exposed to at any particular point in time? Cyber threats change and businesses need to be aware of and adapt to new threats as they evolve. Having this oversight is important to insurers providing cyber risk coverage.
CIS provides assessments of a company’s IT system exposure to hacking or data breach as well as a comprehensive operations risk benchmarking service aligned with the US Government Homeland Security Cyber Risk framework.
International and local on-line cyber information, education and pre and post incident resources.
Cyber Indemnity Solutions provides the online E-Risk Hub cyber risk information resource from Net Diligence, organisers of the prestigious US Cyber Liability Conference, updated to include regional cyber risk information.
CIS provides insurer partners with this managed online information resource to keep their clients abreast of global and locally evolving cyber risk and provide training and best practices to mitigate risk in their businesses.
Ecosystem of cyber partners with regional cyber expertise.
Cyber Indemnity Solutions founded the Crimson Risk group to provide our customers with broad expertise that covers all facets of pre and post event cyber risk. Crimson Risk members include leading legal, IT security, accounting, educational and insurance sector organisations that offer expert and specialised expertise to the new arena of managing cyber risk.