FifthWall Solutions provides a specialized cyber insurance and risk management platform that partners with managed service providers (MSPs) and agents to deliver tailored coverage based on clients' security controls. The company addresses the increasing complexity of cyber threats by offering clear policy comparisons and risk management strategies, resulting in a 99% success rate in placing coverage.
Funding
$5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Businesses face increasing cyber threats and complexity in securing appropriate cyber insurance coverage. Comparing policies and understanding risk management strategies can be challenging, leading to potential gaps in protection and difficulty in obtaining suitable coverage.
Solution
FifthWall Solutions offers a cyber insurance and risk management platform designed to streamline the process of obtaining tailored coverage. By partnering with managed service providers (MSPs) and agents, FifthWall delivers clear policy comparisons and risk management strategies based on a client's specific security controls. The platform simplifies cyber insurance, enabling businesses to understand their coverage options and implement effective security measures that align with insurance requirements. FifthWall's approach aims to improve a company's overall risk posture and increase the likelihood of securing comprehensive cyber insurance.
Target Audience
FifthWall Solutions primarily serves insurance agents and managed service providers (MSPs) who need to provide comprehensive cyber insurance and risk management solutions to their business clients.
Features
- Policy comparison tool providing side-by-side analysis of cyber insurance policies with consistent industry terminology.
- Risk scoring system (Ibex) that rewards clients with strong security controls through potential insurance savings.
- Access to a network of over 40 cyber insurance carriers, providing a wide range of coverage options.
- Partnership program for MSPs to map out security strategies and advise clients on specific security controls for reduced risk and greater savings.
- Streamlined submission process for agents, simplifying the process of obtaining quotes and placing coverage.
- Cyber risk management consulting services to help businesses understand and mitigate their cyber risks.