This collaboration aims to strengthen the capabilities of cyber insurance underwriters by integrating FortifyData’s platform within AdvantageGo’s Underwriting Workbench.
The integration will allow underwriters to utilise FortifyData’s analytics alongside broker/client data, internal data sources, and other third-party inputs. AdvantageGo’s Underwriting Workbench, now equipped with a cyber-specific version, will incorporate FortifyData’s insights as part of its ecosystem of data providers. This marks one of the first integrations specifically designed to address the needs of cyber underwriters.
Ian Summers, Global Business Leader at AdvantageGo, commented: “It’s great news to announce this latest AdvantageGo Ecosystem partnership with FortifyData. Their threat analysis and mitigation insights provide a strong rationale to support the cyber underwriter’s risk and pricing decision-making process.” He further added, “The cyber security ratings provided by FortifyData are a best-of-breed insight for risk selection, pricing, as well as security and compliance control deficiencies. Furthermore, by integrating with other data inputs offered through our cyber Underwriting Workbench, they offer cyber underwriters something greater than the sum of its parts.”
Summers concluded by saying, “This unique integration partnership is about generating insights and going beyond the goal of digitising processes towards providing a 360-degree risk view of the past, present, and future for cyber underwriters.”
Victor Gamra, CEO of FortifyData, stated: “It is exciting to be at the forefront of this shift in the insurance industry, where insurance providers are looking for more thorough and complete assessment data to help with better underwriting. I am looking forward to the industry adopting similar approaches as they look to better understand their risks comprehensively to reduce their own liability exposures.”
