Insurers partner with cyber start-up accelerators
Specialty insurers and reinsurers have increasingly partnered with cyber security accelerators. These programs help early-stage security companies grow, and give insurers early insight into emerging threats and defensive technologies.
For an insurer, such partnerships can inform underwriting, add risk-management services for policyholders and identify technologies that reduce claims. Start-ups gain access to industry expertise and potential customers.
The trend reflects a wider shift in cyber insurance from simply paying claims toward helping clients prevent and respond to incidents.