The cyber insurer Measured Analytics and Insurance has announced that it will be joining the excess cyber insurance market with a new product offering.
"Rising prices for cyber insurance and the overall lowering of policy limits made it critical for Measured to introduce this excess policy," said Measured CEO Jack Vines. "Innovative underwriting paired with powerful data and analytics will allow us to provide additional coverage and risk mitigation that is crucial to businesses."
"Measured's excess policy was built in partnership with brokers, based on their valuable feedback," added Measured head of insurance Nick Little.
The new excess cyber offering comes after Measured launched its CyberGuard 2.0 insurance solution in May. CyberGuard 2.0 leverages data and analytics to provide clients with more insight into the cyber risks they face and is underwritten using proprietary data and AI to ensure stable risk evaluation.
The new excess product is meant to complement Measured’s CyberGuard.
"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,” explained Little.
Measured’s policies are written on AM Best rated "A+" paper, and the company offers cyber insurance to US companies with revenues up to $500 million.