Canopius provides capacity to cyber solutions provider
Specialty reinsurer Canopius is to offer cyber insurance and cybersecurity solutions to small and midsize US businesses in partnership with Measured Analytics and Insurance.
Bermuda-based Canopius is the second insurer after Paris-based SCOR to offer capacity in partnership with Measured, which describes itself as an artificial intelligence-powered cyber insurance provider.
"We are thrilled to announce our partnership with Measured Analytics and Insurance, as it marks a step forward in our mission to provide comprehensive cyber insurance solutions to small and midsize businesses across the United States," said Jenny Soubra, US head of cyber and tech E&O at Canopius. "When combined with Canopius' and SCOR's expertise, together we are equipped to deliver unparalleled cyber protection to customers.
"Measured's innovative approach to cyber risk management aligns seamlessly with our capabilities, resulting in a strategic partnership positioned to drive transformative change."
Measured says its solutions leverage artificial intelligence, proprietary threat insights and behind the firewall data to identify security threats and reduce businesses' potential exposure.
"Best in class underwriting coupled with differentiated scalable distribution are the key capabilities for strong profitable growth in the cyber insurance market," said Benjamin Auray, chief underwriting officer - global head of MGA at SCOR. "We believe Measured's data-driven approach to tracking exposure in real-time creates smarter insurance products. Measured is built to scale quickly and grow responsibly, powered by partnerships and proprietary data."
"Measured is uniquely positioned to provide innovative solutions for organizations seeking cyber insurance," commented Measured CEO, Jack Vines. "We're more than an insurance provider, we're a reliable, AI-powered cyber risk management partner.
'We appreciate the strategic advantage provided by SCOR's commitment of capacity and expertise to date. Together, we're better than ever at making our customers safer and more secure, thanks to having Canopius and SCOR at our side."
