Invision Cyber, a new cyber insurance managing general agent (MGA), has entered into a strategic partnership with Trend Micro, one of the world’s largest cybersecurity firms, to launch a cyber insurance product for Trend Micro’s US-based customers.
The partnership is designed to offer Trend Micro clients a tailored insurance solution, built around real-time cyber risk insights and data-driven underwriting, according to FF News.
By combining Invision’s capacity and expertise with Trend Micro’s advanced telemetry, the product aims to address the growing protection gap in the cyber insurance market.
Invision, an Acies company and Lloyd’s Coverholder, is supported by three Lloyd’s syndicates. It offers capacity limits of up to $10m across a wide range of coverages including business interruption, cyber extortion, digital asset and data restoration, and incident response. Cover can also extend to third-party liabilities and cybercrime exposures. Alongside this latest collaboration, Invision has also signed an agreement with a major broking firm to distribute the new product.
Trend Micro is trusted by over 70% of Fortune 500 companies, with its cybersecurity platform protecting more than 500,000 organisations and 250m individuals worldwide. The company’s expertise in threat detection and risk management makes it a key partner for insurers looking to align protection directly with actual cyber risk exposure.
The new initiative marks what the firms call a “market-first” approach to underwriting from the inside out. Trend Micro’s telemetry feeds into Invision’s proprietary algorithms, translating security data into dynamic insurance insights. This enables instant quote generation, with premiums adjusted in line with an organisation’s real-time cyber posture. Companies are therefore able to see immediate pricing benefits when strengthening their security defences, while insurers gain greater clarity into authentic risk.
Managing director at Invision, Stuart Essex said, “Cyber risk is the defining challenge of our era. We are excited to be partnering with Trend Micro on this revolutionary new cyber insurance offering. Millions of customers around the world trust Trend Micro with their business, and by working in partnership, Invision can provide these customers with cover priced precisely on their existing risks, based on the data that Trend Vision One can provide us. This ‘inside-out’ approach allows us to join the dots between risk and insurance, giving customers the fairest price, and the confidence that they have a product tailored to their exact requirements.”
Acies MGU CEO Mark Heath added, “Wide ranging industry reports point to a growing protection gap in the cyber insurance space. As cyber disruption, financial losses and breaches continue to hit major companies worldwide with alarming regularity, the need for a different approach for customers combined with expert cyber insurance cover, informed by up-to-the-minute data, has never been greater.
We have created a unique offering, and in partnership with Trend Micro, are set to transform cyber insurance for their customers.”
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