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Arceo.ai said Wednesday it is introducing a platform that enables insurers to automate and enhance their cyber insurance products while increasing their policyholders’ security.
The San Francisco-based company said in its statement the platform enables insurers to serve small and medium-size enterprises, which disproportionately suffer financial losses from cyber incidents.
It said its platform offers a transparent modeling process that enhances underwriting, accelerates providing quotes and provides insurers with “actionable technical cyber resilience guidance.”
Company officials include Head of Sales Ben Beeson, who formerly led Lockton Cos. LLC’s cyber risk practice.
Cyber risk is something to think about every day, and management teams must be willing to get in front of the issue, said The Walt Disney Co.’s finance chief.