Canopius joins forces with Paris-based SCOR, one of the world’s leading reinsurers, which has been a long-standing lead capacity provider for Measured’s strategic growth. This collaboration combines Canopius’ and SCOR’s expertise in cyber insurance and global reach with Measured’s innovative approach to cyber risk management.
Jenny Soubra, US Head of Cyber and Tech E&O at Canopius, expressed enthusiasm about the partnership, stating, “We are delighted to announce our partnership with Measured Analytics and Insurance, as it marks a significant step forward in our mission to provide comprehensive cyber insurance solutions to small and midsize businesses across the United States. With Canopius’ and SCOR’s expertise, we are well-equipped to deliver unparalleled cyber protection to our customers. Measured’s innovative approach to cyber risk management aligns seamlessly with our capabilities, resulting in a strategic partnership positioned to drive transformative change.”
In the cyber insurance market, global insurers seeking disciplined growth demand analytic rigour, technology expertise, and dynamic risk insight throughout the underwriting value chain. Measured’s solutions leverage artificial intelligence, proprietary threat insights, and behind-the-firewall data to identify security threats and reduce potential exposure for businesses. This approach enhances customer experience and effectively manages risk and profitability for insurers.
Benjamin Auray, Chief Underwriting Officer and Global Head of MGA at SCOR, added, “Best-in-class underwriting combined with differentiated scalable distribution are the key capabilities for achieving strong and profitable growth in the cyber insurance market. We believe that Measured’s data-driven approach to real-time exposure tracking enables the creation of smarter insurance products. Measured is designed for rapid scalability and responsible growth, powered by partnerships and proprietary data.”
Given the proliferation of threat actors and the increase in cyber incidents, the global re/insurance market now requires heightened analytic rigour for profitable underwriting. This increased discipline, coupled with rising demand for cyber coverage, has resulted in price increases and narrower coverage.
Measured simplifies the process of obtaining cyber coverage through creative partnerships with leaders in the insurance and cyber technology markets. Measured’s proprietary analytics and technology-driven underwriting provide insurers with deeper insights and offer customers greater value at the initiation of a policy. Combined with the cybersecurity enhancements of its partners, Measured delivers actionable insights into customers’ ongoing security posture.
Jack Vines, CEO of Measured, concluded, “Measured is uniquely positioned to provide innovative solutions for organizations seeking cyber insurance. We go beyond being an insurance provider; we are a reliable, AI-powered cyber risk management partner. We greatly appreciate the strategic advantage provided by SCOR’s commitment of capacity and expertise. Together, with Canopius and SCOR by our side, we are more capable than ever of making our customers safer and more secure.”
