Realizing the value of Safe Security and its leadership in driving this next generation of cyber insurance underwriting, Ventiv Technology is partnering with SAFE to help its customers streamline the cyber insurance renewal process and secure more competitive terms on cyber insurance. With over 450 customers, Ventiv provides organizations with a feature-rich risk management solution with fully embedded AI-based predictive models enabling users to assess, monitor, and mitigate risk. These customers will now understand the monetary value of their cyber risk based on the industry’s most comprehensive frameworks including FAIR, NIST, and MITRE ATT&CK.
Ventiv’s Managing Director, Steve Cloutman, said, “As today’s risk environment changes to encompass large-scale, digital risks, we need to be at the forefront of helping our customers manage and quantify their cyber risk - and drive successful cyber insurance renewals.”
Cloutman added, “We already help hundreds of customers be in the best possible position for their P&C insurance renewal negotiations and we’re delighted to expand this to include Cyber. Safe Security enables our customers to achieve savings by significantly reducing cyber risk with enhanced visibility across our customers’ entire attack surface. With Safe’s quick, non-intrusive inside-out assessment our customers have real-time visibility with risk quantification into security gaps such as MFA, misconfigurations, vulnerabilities, and malware findings.”
SAFE’s ground-breaking AI-driven technology non-intrusively assesses cyber risk on an ‘inside-out’ basis to better understand an organization’s real-time breach likelihood across a variety of cyberattacks and the transparent dollar-value risk per attack based on the FAIR standard.
“Our partnership with Ventiv is a significant step forward in aligning cyber risk with the rest of enterprise risk management,” said Steven Schwartz, VP, Insurance Strategy & Underwriting, Safe Security. “We are connecting risks that are otherwise siloed so customers can make informed decisions with real-time, quantitative analytics. With Ventiv, we are helping risk managers and security leaders align and communicate in the same language to ensure better risk-based decisions and insurance program optimization.”
About Ventiv Technology:
Ventiv Technology is a leading global provider of risk management information systems (RMIS), enterprise risk management (ERM), insurance claims, billing, policy, and administration technology integrated with its market-leading analytics and predictive models. Ventiv Technology’s SaaS and on-premise solutions are deployed by insurers, brokers, insured corporate entities, federal and regional governments, public entities, third party claims administrators (TPAs), and risk pools across a variety of industries, including transportation & logistics, retail, financial services, leisure & hospitality, energy, aviation and manufacturing among several others.
With over 45 years’ experience, Ventiv serves 450 customers and more than 450,000 users over 40 countries. Ventiv’s global footprint and experienced team of industry veterans deliver insights to organizations that allow our customers to predict, manage, and respond to risk.
About Safe Security:
Safe Security is the leader in AI-driven cyber risk management. It has redefined cyber risk measurement and management with its real-time, data-driven approach that empowers enterprise leaders, regulators, and cyber insurance carriers to understand cyber risk in an aggregated and granular manner. The recent acquisition of RiskLens brings together the power of the world’s most advanced cyber risk analytics model (FAIR), supported by practitioners in over 50% of Fortune 500 companies, with the world’s most advanced AI-fueled Cyber Risk Cloud of Clouds, processing over three billion signals a day.
Having raised over $100M, Safe is growing over 200% year over year, consecutively for the last three years, and serves some of the largest global enterprises. Visit safe.security and follow us at @SafeCRQ.