17 October 2019Analysis

Risk Strategies unveils cyber risk mitigation platform

Risk Strategies has launched Cyber Resolute, a risk mitigation platform that provides specialised coverage to reduce exposure, costs and potential liability.

Cyber Resolute is powered by Arceo.ai data analytics technology and backed by insurance underwritten through an exclusive partnership with Berkley Cyber Risk Solutions, a Berkley Company. It is available to companies with up to $250 million in annual sales, providing around the clock access to cyber response forensics and legal teams.

Its peer benchmarking data, analytics and AI provide real-time awareness and understanding of potential security deficiencies and prioritises recommended fixes. These insights make it simpler to secure affordable coverage, Risk Strategies said.

Robert Rosenzweig, Risk Strategies' national cyber risk practice leader, said: “Guarding against cyber threats and their associated costs is a dynamic problem requiring a smarter, more holistic approach.”

Partnering with Berkley Cyber Risk Solutions and Arceo.ai allows clients to lower their risk profile while simultaneously improving the quality and reducing the cost of their cyber risk coverage, Rosenzweig added.

Steve Krusko, Chief Underwriting Officer at Berkley Cyber Risk Solutions, said: “Underwriting cyber risk is a process that needs to be carefully aligned with your targeted market segment, regardless of whether you are an enterprise or SME.”