Tenable launches cyber insurance report to increase insurability and lower premiums for customers

Tenable launches cyber insurance report to increase insurability and lower premiums for customers

Dubai, UAE: Tenable®, the Exposure Management company, today announced it has added a Cyber Insurance Report within its Tenable Vulnerability Management solution, which summarizes exposure information relevant to cyber insurance providers in an effort to streamline the policy underwriting process for both insurers and customers. The Tenable Cyber Insurance Report will enable insurers, for the first time, to measure preventive security programs by sharing vulnerability data that resides within the firewall.

Tenable has also partnered with Measured Analytics and Insurance on a referral program that provides qualifying Tenable customers with savings on cyber insurance policies. The relationship represents a new data-driven model for the cyber insurance business, with tangible savings offered to customers.

In a hard market, with premiums rising, even obtaining a cyber insurance policy is no longer guaranteed. It can also be a lengthy process for organizations seeking coverage, with labor-intensive and inefficient applications often based on lengthy, manual surveys of external risk data, which are little more than an estimate of an organization’s true cyber risk profile.

Even for companies with strong cybersecurity practices, risk-averse underwriters may scrutinize the available information and delay what should be a quick process. With Tenable’s Cyber Insurance Report, customers can share data that shows