Following a comprehensive global evaluation by Samsung Financial C-Lab Outside, Samsung Fire & Marine Insurance (SFMI) has selected Cyberwrite to strengthen its cyber insurance capabilities, citing Cyberwrite’s expertise in cyber catastrophe modelling, AI-driven real-time underwriting analytics, and broker enablement.
The collaboration will reportedly focus on strengthening SFMI’s ability to assess the probability and economic impact of cyber attacks across its portfolio and manage catastrophic risk.
“We chose Cyberwrite because it empowers both our sales and underwriting teams with on-demand, real-time intelligence and actionable risk insights that drive smarter decisions and faster responses,” said Dongjoo Lee, Casualty & Specialty Underwriting Team Lead at SFMI.
Nir Perry, CEO of Cyberwrite, said, “SFMI’s decision to engage with Cyberwrite demonstrates that our platform has set a new bar for underwriters, risk managers, and clients who need real-time clarity on emerging cyber threats.
“Our cyber underwriting AI abilities and next-gen catastrophe modelling platform are already used in over 50 countries and eight languages worldwide and can provide data on over 320 million businesses worldwide in real-time.
“We are honoured to support Samsung’s cyber insurance initiatives with the highest technology innovation and service standards.”
