ThreatInformer creates risk profiles for entities to allow underwriters and brokers to get a more comprehensive view of their clients’ risk characteristics. “Starting with just the data you already have about a client, our platform automatically identifies and collects data on their external IT systems. Our analysis process ingests this raw data to produce a unique cyber insurance profile for each insured,” – states the company. In the underwriting business, many companies often have to rely on ambiguous risk scores provided by third-parties to assess the riskiness of their customers. ThreatInformer designs data specifically for insurers. The customer simply has to indicate a name and a website of its client and the company takes care of the rest. “Using the latest breach stories or generic threat levels is not the best way to start a conversation about cyber cover. Our tools give your discussions real-time data points to increase your clients’ cyber risk awareness and improve your conversion rates,” – reads ThreatInformer’s website.
ThreatInformer provides insurance companies with a convenient way to assess customer risk
Some of the services offered by the company to insurers include Underwriting Data which allows companies to understand the customer’s risks better, SME Risk Assessment, which provides automated services for data collection and analysis and Risk Accumulation, which gives clients a view of the overall risk as the size of the portfolio increases. The Automated Risk Assessment platform offered by ThreatInformer analyzes the external IT systems of the insurance company’s clients. Regardless of the size of the insured, the company is able to get answers to the cyber questions. “Because ThreatInformer is used for all your cyber risks, we have an insight into the technology used by all your insureds. This includes software packages, datacentre locations and IT Vendors,” – advertises the company. Sometimes underwriters have to resort to costly retro-active analysis to assess the risks of their overall portfolio. ThreatInformere eliminates the need for this as well with its regular aggregation reporting.