Funding
Funding not disclosed
Founders
Product
Problem
Cyber insurance underwriters face challenges in accurately assessing cybersecurity risks during the quoting process due to the complexity and rapidly evolving nature of cyber threats. Traditional methods often lack real-time insights and struggle to identify specific vulnerabilities, leading to inaccurate pricing and potentially inadequate coverage.
Solution
MatchedRisk offers an AI-powered platform designed to provide rapid cybersecurity risk analysis for insurance underwriters at the point of quote. The platform leverages AI, threat intelligence, scanning capabilities, and historical breach data to identify potential threats and vulnerabilities in real-time. By analyzing quote form responses and related documents, MatchedRisk pinpoints specific risks and matches them with curated cybersecurity products and services to mitigate those risks. This enables insurers to make more informed underwriting decisions, dynamically adjust risk appetite based on emerging threats, and offer tailored risk mitigation solutions to clients. The platform's flexible deployment options, including managed microsites and APIs, allow for seamless integration into existing underwriting workflows.
Target Audience
MatchedRisk primarily targets cyber insurance underwriters seeking to improve the accuracy and efficiency of their risk assessment process, as well as insurers looking to offer value-added cybersecurity solutions to their clients.
Features
- AI-driven analysis of quote form responses and cybersecurity policy documents to identify potential risks and vulnerabilities
- Real-time risk identification during the quotation process for immediate insights
- Matching of identified risks with curated cybersecurity products and services for tailored mitigation
- Continuous scanning for threats, vulnerabilities, and infrastructure changes across the insured portfolio
- Dynamic adjustment of risk appetite to protect against new and emerging threats
- Flexible deployment options, including managed microsites, RESTful APIs, HTMX APIs, and WebSocket APIs
- Integration with existing systems for seamless workflow incorporation
- Real-time content rendering that adapts to questions generated during the quotation process