How can USI help our company close the Cyber knowledge gap between emergent cyber threats and next-generation Cyber risk control solutions?
USI has a trademarked solution that assists clients in differentiating themselves in the cyber market through Cyber risk control: USI Answerlytics™. The Answerlytics Curated Providers (ACPs)- who provide specialty Cyber Risk Control services under Answerlytics - can be accessed by USI clients and prospects at discounted rates with dedicated contacts.
USI’s Answerlytics can average risk management improvements of $9.4M as well as discounts on Cyber premium.
We’ve estimated the financial impact for you. Feel free to update the assumptions.
- $25K-$500K+ Answerlytics discount on services
- $500K+ savings on self-insured retentions (SIRs)
- Exclusive threat analytics via data sharing agreements with ACPs
Historically, clients looked to carriers for pre-event risk mitigation tools for Cyber and Privacy exposures. These tools have had low take-up rates (<15%) and, as Cyber threats have evolved, are no longer sufficient. The knowledge gap between Cyber threats, costs of vulnerability, and the next generation of providers / products is costing clients due to:
- Losses from attacks and Cyber events
- Loss of business opportunities
- Deteriorating Cyber coverage terms / conditions / pricing / availability
USI Answerlytics provides access to a network of Cyber security professionals and services to actively identify, mitigate and respond to your Cyber risks. USI Answerlytics is built on industry leading Cyber security best practices models and is rooted in strong partnerships with highly regard Cyber security providers.
- Access to top level Cyber security providers at a discounted rate
- Optimal coverage, retention levels and premium renewal terms
- Streamlined Cyber insurance procurement process
- Improved Cyber risk knowledge of regulatory exposures, Cyber-linked supply chain risks, and ransomware risks
- Improved Vendor and M&A negotiations
I’d like to explore further how USI can help our company close the Cyber knowledge gap between emergent cyber threats and next-generation Cyber risk control solutions.
In order to evaluate your current pre-event Cyber risk management protocols and Cyber Answerlytics solution needs, USI will need just a few pieces of information from you, including your most recent Cyber insurance submission, your existing Cyber insurance program detail (and supporting documentation), and an Incident Response Plan (IRP) and disaster recovery plan (DRP) detail.