Use Cases > Cyber Insurance
Vigilocity's has pioneered a revolutionary approach in assessing the cyber risk of companies and determining their eligibility for cyber insurance. By leveraging comprehensive trend and real-time risk intelligence, Vigilocity enables the development of unprecedented cyber actuarial models that provide accurate insights into an organization's cyber posture and risk profile.
In short, Vigilocity empowers insurers to make informed decisions about which companies can be insured against cyber risks. By analyzing historical cyber incidents and patterns coupled with a continuous threat actor potential risk analysis, Vigilocity's data-driven approach enables the identification of risk factors that may impact an organization's likelihood of experiencing a cyberattack.
Furthermore, Vigilocity enables insurance providers to efficiently adjust their existing policies and coverage based on the specific cyber posture and risk of policyholders. By continuously monitoring a company's cybersecurity measures and their exposure to motivated attackers, Vigilocity enables insurers to tailor insurance packages to better align with the actual risk exposure of each policyholder. This ensures that policyholders receive appropriate coverage that reflects their likelihood for attack, cyber resilience efforts, and risk mitigation strategies.
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