The collaboration will provide Howden clients with access to SAFE’s Cyber Risk Quantification and Management (CRQM) solution, enabling comprehensive visibility and analysis of cyber risks across their organisations.
Cyber threats continue to evolve rapidly, with global cybercrime costs projected to exceed $20 trillion by 2027. In response to these challenges, Howden has joined forces with Safe Security, a leading authority in AI-driven cyber risk management.
Safe Security’s CRQM platform employs real-time data analysis and adheres to NIST auditing standards to assess internal attack surfaces continuously. By utilising the FAIR methodology, the platform quantifies the financial risks associated with identified vulnerabilities.
Through this partnership, Howden’s Cyber Insurance team will leverage SAFE’s insights to provide tailored recommendations to clients, enabling them to enhance their cybersecurity posture effectively. This collaboration underscores Howden and SAFE’s commitment to delivering innovative solutions to address the evolving cyber threat landscape.
Howden Global Head of Cyber Insurance Shay Simkin, said: “As a group, we are dedicated to helping our customers get the most out of their cybersecurity insurance policy, urging them to reach a certain level of maturity and ensure they are properly rewarded by their insurance carriers.”
He continued: “Safe Security helps our customers achieve this by significantly reducing cyber risk with enhanced visibility across their entire attack surface. With Safe’s quick, non-intrusive inside-out assessment our customers have real-time visibility with risk quantification into security gaps such as MFA, misconfigurations, vulnerabilities, and malware findings – This is the type of transparency needed across the entire cyber insurance ecosystem.”
VP of Insurance Strategy & Underwriting at Safe Security, Steve Schwartz, also hailed the move, saying “We’re thrilled to partner with Howden Group in introducing the next generation of real-time, inside-out cyber risk assessments and underwriting. Our partnership with Howden is driving the industry into advancing cyber underwriting built on trust, transparency, and resilience across the value chain.”
