Liberty Mutual forms new cyber partnership

Liberty Mutual forms new cyber partnership | Insurance Business America

Liberty Mutual forms new cyber partnership

Liberty Mutual Insurance has partnered with cybersecurity rating provider SecurityScorecard to offer complementary cybersecurity analysis to qualified clients of its Global Risk Solutions North America and Liberty Specialty Markets units.

Through the partnership, qualified policyholders will receive a detailed analysis of their cybersecurity and the external threats to which they may be vulnerable. The SecurityScorecard report will also include recommendations on how to improve their cybersecurity.

“While current cyber insurance policies provide a response when a client’s security is breached, by partnering with SecurityScorecard we can offer clients valuable insights and analysis before a breach occurs,” said David Perez (pictured), Liberty Mutual Global Risk Solutions chief underwriting officer. “It’s about helping our clients take preventative steps, rather than just providing remediation after the breach.”

SecurityScorecard is a top security ratings provider, having analyzed more than five million businesses. The company collects and analyzes global cyber threats to provide companies with an easy-to-understand A-F rating of their security and that of their third parties.

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“As the only security ratings company to be honored as a ‘Tech Pioneer’ by the World Economic Forum in 2020, we are trusted to work with businesses in highly regulated sectors all over the world,” said Sam Kassomeh, co-founder and COO of SecurityScorecard. “We are proud to partner with Liberty Mutual as they embrace the goal of security ratings to drive continuous improvement and resilience for their clients.”