Recognition for bringing unprecedented efficiency and transparency to cyber risk underwriting
We’re delighted to announce that SAFE swept the Cyber Insurance Awards USA 2025, taking home four trophies for innovative application of the SAFE One cyber risk management platform to solve some of the insurance industry’s longstanding problems in underwriting for cybersecurity.
SAFE won awards for Cyber InsurTech of the Year, Cyber Underwriting Technology of the Year, Cyber Insurance Technology Provider of the Year and “Highly Commendable: Rising Star in Cyber Insurance” for Insurance Leader Steven Schwartz.
Judges commented that SAFE “stood out from their peers in 2024 in innovation and thought leadership.”
SAFE’s Innovations for Cyber Insurance: Efficiency and Transparency
The standard underwriting process for cyber insurance today is broken, depending on two indirect and outmoded methods.
–”Outside-in” scans that paint a partial picture of the enterprise’s cybersecurity controls and will always be subject to false positives
–Lengthy, subjective questionnaires that consume 4-8+ weeks of time across multiple security, operations, and financial stakeholders.
SAFE empowers a streamlined cyber risk and insurance assessment, leveraging read-only API integrations to more than 100 cloud, SaaS, and cybersecurity solutions.
In a matter of minutes, an organization can obtain an objective, real-time understanding of its cyber risk posture and any specific vulnerabilities and misconfigurations with prioritized recommendations on remediation.
SAFE’s transparency and underwriting efficiency enables our underwriter and broker partners to reduce hours into minutes while obtaining more meaningful, objective risk insights that empower SAFE’s carrier partners to offer significant policy incentives.
It’s a process that’s both transparent – based on FAIR, an open standard – and efficient, drawing on real-time, ongoing reporting from the SAFE platform.
SAFE’s Innovative Partnerships Lower Cybersecurity Premiums
SAFE platform users qualify for discounts with leading insurance brokers and carriers that partner with SAFE, such as Chubb and Mosaic Insurance. “With SAFE and their partnership with Mosaic, we were able to obtain increased limits while achieving a premium savings of more than 20% on our Technology E&O Cyber Insurance Policy,” said Jay Modh, Founder and CEO, Intuitive Cloud. ”In a matter of minutes we were able to obtain preferential terms.”
Learn how SAFE can transform your cyber risk management – and earn you major savings on cyber insurance premiums – get the details or contact us.
SUBSCRIBE TO WEEKLY BLOG NEWSLETTER
SHARE THE PAGE
