$500M Manufacturer discovers how to add cyber coverage without adding hassle
With ransomware attacks hitting manufacturers left and right, cyber insurance has never been more urgent. One global firm grappled with three big roadblocks to finally getting coverage — internal resistance to the traditional pre-underwriting process, fear of unaffordable premiums and a historically tight cyber market. 

The firm’s P&C broker made the hassle disappear with SecondSight. 

SecondSight, a powerful data-driven solution, made it much easier to prepare for cyber underwriting and demonstrate that the manufacturer is, in fact, a good risk. 

With minimal effort from the manufacturer or the broker, SecondSight quickly inventoried all digital assets, verified adherence to the top risk controls required by major carriers, and collected the evidence to prove it. 

In the process, SecondSight identified a key risk control gap related to business continuity, which could also affect the firm’s insurability. 

 

Rapid risk control remediation led the firm to faster recovery — and an even stronger risk story. 

The Manufacturer moved quickly and effectively to address the risk control gap, improving its restorability to one day or less. 

 

The result? Relieved client, happy broker and a streamlined road to securing coverage.
After collecting evidence of the risk control now in place, the firm and its broker had everything needed to answer all underwriter questions in the application process and attach impeccable supplementals. All with no hassle, no confusion, and absolute confidence in their submission.

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