Tenable, an exposure management company, has launched a new Cyber Insurance Report as part of its Tenable Vulnerability Management solution. The report provides vulnerability data that resides within the firewall to insurance providers to streamline the underwriting process for both insurers and customers. With this tool, insurers can measure preventive security programs for the first time by sharing vulnerability data, while customers can share data that proves they maintain good security hygiene along important dimensions. In addition, Tenable has partnered with Measured Analytics and Insurance on a referral program that provides qualifying Tenable customers with savings on cyber insurance policies, offering a new data-driven model for the cyber insurance business that provides distinctive insight on risk, making all participants more secure and cyber resilient.
The cyber insurance market is currently experiencing a hard market, with premiums rising, and it can be a lengthy process for organizations seeking coverage. Labor-intensive and inefficient applications often based on lengthy, manual surveys of external risk data are little more than an estimate of an organization's true cyber risk profile. Even for companies with strong cybersecurity practices, risk-averse underwriters may scrutinize the available information and delay the process. The Tenable Cyber Insurance Report enables customers to quickly assess their exposure management proficiency with reliable metrics that show how well prepared a company is to prevent a breach, rather than simply responding to one. This tool provides a new approach to measuring preventive security, an area that insurers have traditionally struggled with.
Measured Analytics and Insurance also offers advantaged pricing to qualified applicants who have a Tenable Vulnerability Management license and hit appropriate thresholds in their Cyber Insurance Report. Prospects can receive additional discounts per additional licensed Tenable solution. With the new Tenable Cyber Insurance Report, customers can share data that shows the insurance companies in black and white detail that they maintain good security hygiene along important dimensions, making the underwriting process more efficient and less labor-intensive. The report provides a way for insurers to measure preventive security, reducing exposure to breaches and helping to prevent them in the first place.
