Insurance brokerage and risk management firm, Risk Strategies, has unveiled its Cyber Risk Management Platform (RMP), a new cyber risk management service offering that “goes beyond” providing clients with external vulnerability scans to recommend practical ways to shore up cyber defences.
According to the announcement, the new solution is powered in partnership with Trava Security, a leading cyber and compliance risk management company.
This new and innovative service will be available to Risk Strategies clients as a value-added service.
“Understanding cyber shortcomings is important, but it’s not enough. We offer intelligent infrastructure scanning that can detail the issues but can also deliver client-specific recommendations to effectively shore up cyber defenses and meet tough insurance underwriting standards, which allows us to obtain the broadest cyber liability coverage at the best possible rates,” said Allen Blount, National Cyber and Technology Product Leader.
Cybersecurity is a major concern within today’s networked society, as insurance premium rates rise and underwriting becomes more stringent.
Risk Strategies noted that its new service was built to help clients understand and stay on top of potential cybersecurity issues. This will help mitigate the risk to their business and more easily meet and maintain increasingly demanding insurance underwriting requirements.
Risk Strategies Cyber RMP is powered by technology from Trava Security. The innovative capabilities of Risk Strategies Cyber RMP integrates assessment, mitigation and insurance into a single cyber risk management platform. It delivers a unique range of key capabilities, including automated vulnerability scans, risk assessment surveys, phishing simulations, remediation action plans, compliance readiness training, and renewal reports.
“We’re excited to partner with a specialty broker that has the scope and reputation of Risk Strategies. The new demands of cyber underwriting and the ongoing threats clients face require the leading-edge approach to simplified cyber risk management that our technology can provide brokers and clients,” added Ryan Dunn, Director of Insurance, Trava.
Earlier this year, Risk Strategies expanded its presence in Florida, through its acquisition of Combined Underwriters of Miami – a full-service independent insurance agency that provides commercial and personal insurance products to clients in South Florida.
