Measured Analytics and Insurance, the industry’s leading AI-powered cyber insurance provider, has announced its intention to enter the excess cyber insurance market in order to provide more capacity in the cyber coverage marketplace.
Measured’s excess policy was built in partnership with brokers, based on their valuable feedback,” Nick Little, Head of Insurance, commented, “best-in-class underwriting and analytics from our primary CyberGuard product will enable us to provide excess policies quickly and accurately. Customized coverage from Measured will support primary terms from carriers also focused on leading innovation in the cyber insurance market.”
Measured is written on AM Best rated “A+” paper and provides cyber insurance coverage for businesses in the United States with up to $500 million in revenue. Each excess insurance policy is tailored to the individual client by clearly identifying pre-event exposure in seven fundamental areas and, if necessary, customizing post-event loss mitigation services.
“Rising prices for cyber insurance and the overall lowering of policy limits made it critical for Measured to introduce this excess policy,” says Jack Vines, CEO of Measured, “Innovative underwriting paired with powerful data and analytics will allow us to provide additional coverage and risk mitigation that is crucial to businesses.”
CyberGuard 2.0, Measured’s primary cyber coverage policy, guides the excess policy offering with noteworthy features such as customized and concise coverage, integrated risk mitigation, and stability in a volatile cyber market. Measured’s primary and excess policies are all underwritten with proprietary data and artificial intelligence, ensuring Measured’s long-term success as a competitive and innovative cyber insurance provider.
About Measured Analytics and Insurance
Measured Analytics and Insurance provides an analytics-based approach to cyber insurance, specifically quantifying specific ransomware exposure. Measured bridges the gap between technology and insurance by using AI-powered analytics to create smarter insurance products by tracking individual exposure in real-time.
So far in 2022, the company has seen tremendous growth. Year-to-date, Measured has seen a more than 80% increase in policyholders and a 150% increase in gross written premiums when compared to 2021 totals. Please visit measuredinsurance.com for more information.
Insurance brokers who want to join Measured’s exclusive distribution network can make an appointment at measuredinsurance.com/for-brokers.