VALHALLA, NY, September 29, 2022 (GLOBE NEWSWIRE) — USI Insurance Services (“USI”), a leading global risk management, benefits and retirement consulting firm, today announced the expansion of its proprietary Cyber Answerlytics™ solution platform to include a total of 14 Industry-leading cyber risk management providers focused on helping customers proactively reduce their financial risk exposure from urgent cyber vulnerabilities and emerging threats.
In a challenging underwriting environment, the gap between emerging cyber threats, business vulnerabilities and the next generation of cyber solutions and service providers is costing businesses dearly in terms of financial losses. As cyber incidents continue to cause serious losses, insurers are no longer satisfied with rudimentary risk mitigation before the event and require advanced risk controls to consider offering cyber insurance coverage. Answerlytics helps bridge this gap by offering USI customers priority and discounted access to an extensive network of vendors curated by Answerlytics, including BlackOps Partners, CorvidaeCyberSafe, Cybir, Privacy Designed, Fisher Broyles LLPFortress SRM, GoBox, Kroll, LastPass, LIFARS – one SecurityScorecard Companysecond sight, Spencer Fane LLP and Tracepoint. These vendors were selected to help USI customers proactively resolve critical vulnerabilities and establish and maintain the appropriate controls and practices that cyber underwriters focus on.
“Launched in 2021, Answerlytics is a truly differentiated cyber offering from USI that benefits our customers and carrier partners through better risk assessment, risk mitigation, and risk presentation to carriers,” said Nadia Hoyte, National Cyber Practice Leader for USI. “Traditional cyber insurance and risk mitigation tools often fail to address emerging risks, which is why we are proud to partner with some of the industry’s leading vendors to offer our clients privileged access to cutting-edge risk management solutions designed to mitigate costly coverage gaps and cyber vulnerabilities.
Ben Demonte, COO of the Cyber Risk practice at Kroll, a provider organized by Answerlytics, said: “The risk of a cyber attack only increases as vulnerabilities increase and new cyber threats continue to emerge. In our recent quarterly threat landscape report, we saw the return of ransomware, which topped the rankings of the most common cyber incidents. We also identified external remote services – which many of us now rely on in a hybrid work world – as a top attack vector, up 700% from the previous quarter. We are excited to work with USI to bridge the gap between responding to this threat environment and what is needed to meet insurance requirements. No one should feel helpless in the face of a cyberattack.
David Hallstrom, National Cyber Advisor for USI, added, “We have chosen our Answerlytics curated vendors to help our customers secure optimal cyber insurance terms, streamline the cyber procurement process, and improve their knowledge of cyber risks, including cyber risk. access to weekly threat updates. Additionally, these vendors have agreed to offer USI customers priority access to their industry-leading risk management solutions at discounted rates.
In recognition of Cybersecurity Awareness Month in October, USI is partnering with a select group of vendors hosted by Answerlytics to host a series of free industry-specific cybermarket update webinars covering urgent and emerging cyber risks. specific to manufacturing, healthcare, real estate and construction. Industries. For all the details and to register, visit: https://bit.ly/3Lxxpi5
To learn more about USI’s Cyber Answerytics Solutions Platform, contact your local USI representative or visit: https://info.usi.com/Answerlytics.html
USI is one of the world’s largest insurance brokerage and advisory firms, providing property and casualty, employee benefits, personal risk, program and retirement insurance solutions to large risk management clients, middle market businesses, small businesses and individuals. Based at Valhalla, New York, USI connects more than 9,000 leading professionals in approximately 200 offices to meet the local, national and international needs of clients. USI has grown into a leading insurance brokerage and advisory firm by leveraging USI ONE Advantage®, an interactive platform that integrates proprietary and innovative client solutions, local networking resources and industry-wide collaboration. business to deliver personalized results with a positive impact on bottom line. USI attracts the best talent in the industry with a long history of deep and continuous investment in our local communities. For more information, visit usi.com or follow us on LinkedIn, Facebook or Twitter.
USI Insurance Services
Source: USI Insurance Services