Breakthrough Cyber Insurance coverage Modeling Software – Defend Cyber

New Resolution Empowers Insurance coverage Brokers and Consumers with Unparalleled Cyber Insurance coverage Benchmarking

NEW YORK, April 8, 2024 – LineSlip, the main supplier of information analytics for business insurance coverage brokers, threat managers, and personal fairness, immediately launched a first-of-its-kind interactive cyber insurance coverage modeling device that permits insurance coverage brokerage and threat professionals to immediately benchmark firms towards real-world friends and anticipated cyber losses.

The answer, “Peer Comps,” leverages knowledge from Kovrr, the main world supplier of on-demand cyber threat quantification (CRQ) options, and LineSlip’s aggregated coverage knowledge from hundreds of firms to offer visibility into peer firms’ cyber insurance coverage coverage limits, retentions, premiums, and modeled losses.

Insurance coverage brokers and threat professionals can establish friends primarily based on business, income, restrict, and different attributes to generate significant benchmarking analytics. Dashboards and experiences assist facilitate data-enabled, fiscally pushed renewal negotiations and prospect conversations.

“Cyber insurance coverage continues to be an evolving protection space the place many brokers lack concrete insights to assist shoppers make extra knowledgeable choices,” mentioned LineSlip CEO Leo Bernstein. “Peer Comps adjustments that equation. By benchmarking towards real-world friends, brokers are higher geared up to have knowledgeable, strategic conversations to advance consumer relationships and tailor cyber safety.”

Brokers included within the early entry program reward Peer Comps for optimizing insurance coverage portfolios, accelerating deal velocity, and permitting them to convey knowledge from real-time benchmarks into consumer conversations.

“Enterprises are more and more turning to data-driven insights for benchmarking their cyber insurance coverage phrases and situations, and we’re thrilled to boost LineSlip’s answer with our complete cyber threat publicity knowledge,” mentioned Yakir Golan, CEO of Kovrr. “Their dedication to delivering a data-centric insurance coverage analytics platform resonates with our personal cyber threat quantification philosophy and mission. Collectively, we empower threat and insurance coverage consultants to make knowledgeable, data-driven choices in cyber threat administration.”

“We’re proud to set a brand new commonplace for data-driven insurance coverage analytics,” Bernstein added. “Peer Comps provides brokers the transparency wanted to have strategic cyber coverage conversations and strengthen consumer belief.”
To study extra about Peer Comps, go to https://www.lineslipsolutions.com/peer-comps.

About LineSlip Options:

LineSlip empowers brokers to ship data-driven insurance coverage consulting. Their SaaS platform integrates with main carriers to offer unparalleled visibility into business insurance coverage insurance policies throughout small, mid-market, and enterprise shoppers. LineSlip’s shoppers embody the highest 10 world and main middle-market brokerages. For extra info, go to lineslipsolutions.com.

Subjects
Cyber
New Markets