Cyberwrite, a leading provider of Cyber risk modeling, has expanded its partnership with Howden, enabling its brokers worldwide to assess cyber risks more effectively. Now active in 52 countries and available in seven languages, Cyberwrite’s cutting-edge cyber risk quantification technology empowers Howden brokers to provide clients with actionable risk insights and benchmarking against industry peers, helping businesses of all sizes understand their cyber exposure and optimize their insurance coverage.

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Howden’s 2024 cyber report shows that insurance pricing has dipped 15% from its peak in 2022 and that insurers are willing to increase limits, remove ransomware-related cover restrictions, and lower retention levels. Having deeper insights into cyber risk through Cyberwrite’s AI-driven cyber risk reports, powered by its patented 4SEEN® technology, gives insurers more confidence in the underwriting process.

“Cyber insurance is becoming an essential part of business resilience, and Howden is leading the charge in delivering smarter cyber risk solutions globally,” said Nir Perry, CEO and Founder of Cyberwrite. “By equipping Howden brokers with Cyberwrite’s patented AI-driven real-time risk reports, we’re helping businesses worldwide make informed decisions and secure the coverage they need against growing cyber threats.”

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With the cyber insurance market expected to reach $50 billion by 2030, the need for accurate risk assessment tools has never been greater. Cyberwrite’s collaboration with Howden addresses key challenges that brokers face when selling cyber policies, including client education, policy optimization, and underwriting efficiency.

“By integrating Cyberwrite’s reports into our cutting-edge Cyber+ system, we are able to offer the best-of-breed cyber risk reports worldwide in real time to our customer base and beyond,” said Shay Simkin, Global Head of Cyber at Howden. “We have been using Cyberwrite’s technology since 2019, and expanding this relationship allows us to provide more context about risk exposure to companies that don’t understand how vulnerable they are.”

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Source – businesswire