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Cap SMB Cyber Risk, Profit via Systemic Cyber Loss Reduction1-10 Employees
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Cap SMB Cyber Risk, Profit via Systemic Cyber Loss Reduction
ReSecure cyber risk cap warranties remove the uncertainty of cyber losses arising from cyber risk for SMBs - whether ransomware, business email compromise, IT operations interruption or data breach.
ReSecure starts with the standard cyber insurance 40% gross margin but seeks to reduce loss ratios from 60% currently to under 30% through the provision of "cyber seat belts" to customers. Cyber seat belts are practices and technologies focused on loss reduction rather than attack/loss prevention, which is what cyber security is primarily focused on today.
Additionally, proactive technology deployment as a loss management strategy is not contemplated by cyber insurance companies as it represents a forward looking actuarial practice, in contrast with their existing backward looking actuarial practices.
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