Safe Security – Insurtech Innovation Award 2023

The Digital Insurer
The Digital InsurerDeveloping digital insurance in Asia & around the world en The Digital Insurer
Transforming Cyber Insurance
See How to do Next-gen Cyber Underwriting in 18 minutes:
Safe Security is a pioneer and leader in
Cybersecurity Risk Quantification & Management (CRQM)
● Based in Palo Alto, California with a 200 member team and raised over $100M from Sorenson Capital, Fidelity
Investments, John Chambers and others
● Top contributor to the NVD of the U.S. Government & ATT&CK MITRE with active research collaboration with
MITRE Engenuity’s Center for Threat-Informed Defense (CTID) and MIT’s CAMS
● SAFE’s Research Arm invented the FAIR™ Methodology, the global standard in risk quantification, and founded
the FAIR Institute™ that has representation from over 50% of the Fortune 500 Companies
Overview
Our Existing Customers:
How are we helping the insurance ecosystem
BROKERS CARRIERS REINSURERS
● Safe is powering all of Mosaic’s Primary &
Excess Cyber Underwriting
● The ‘Safe Score’ is directly integrated into
Mosaic’s rating model
● Mosaic x SafeInside have introduced an industry
first incentive, enabling insureds who perform an
‘inside-out’ assessment to receive a premium
discount up to 30% directly tied to their Safe
Score
● Howden and Safe have launched a global partnership to
introduce real-time, quantitative, inside-out assessments to
their insureds
● WTW is launching a digital quote, issue, bind platform for
mid-market insureds where an ‘inside-out’ assessment is
mandated and powered by Safe - 6 carriers have agreed to
accept Safe Score for underwriting in this program
● HUB International in Canada has partnered with Safe,
starting with our ‘outside-in’ + cyber risk quantification
● Both MunichRe and SwissRe have
integrated Safe’s assessment
capabilities via API their own customer-
facing platform for cedents and broker
partners
● Integrated all of Safe’s assessment
capabilities:
○ Outside-In
○ Cyber Risk Quantification
○ NIST CSF/Primary Questionnaire
○ Inside-Out assessment on Public
Cloud
SAFE + RiskLens is the strongest CRQM in the Market
World’s most credible and only
standardized CRQM model with FAIR
+
World’s most advanced,
automated AI-based data driven
CRQM
SAFE RiskLens
RiskLens named a Leader in the
Forrester Wave, CRQ Report
Ranked Highest in Strategy & Vision
Differentiated with its FAIR expertise
Safe adds the Cyber Security expertise with
MITRE ATT&CK mapping
Safe adds automated AI-driven automated
CRQ capabilities
WHY IS MANAGING RISK SO HARD
Fragmented
(Vendor Siloes)
Highly Manual
Point In Time
Cyber Investments
highly subjective
NO
UNIFIED
CYBER
RISK
VIEW
The Cyber Risk
Cloud of Clouds
Prioritized Risk Treatment
Actions/Investments
Automated, Real-Time Risk Visibility
& Breach Predictions
Consistent Communication with
Boards, Regulators, and Insurers
HOW
do we do it?
BREACH LIKELIHOOD
Likelihood of a successful breach in the
next 12 months (using MITRE ATT&CK
Framework)
FINANCIAL RISK
Estimated Financial Impact and Financial
Risk of the organization (using Interactive
Cost Model)
PRIORITIZED ACTIONABLE
INSIGHTS
For every Risk Scenario at Enterprise and
Business Level based on Return on Security
Investment (ROSI)
9
AUTOMATED DATA:
50+ APIs to connect with instantaneously
MANUAL DATA:
5+ Frameworks like NIST CSF, NIST SP-
800:53, ISO 27002 etc
INPUTS OUTPUTS
BETTER
How do we do it
Automated & Real time
Custom Groups and Scenarios
Industry Benchmarking
VISIBILITY TREATMENT
COMMUNICATI
ON
FAIR™ based Prioritization
Data Driven Insights
Cyber Insurance Linked to Safe
Outputs
Generative AI Driven
(Safe GPT)
API Led Reporting
Modern & Intuitive UX
How do we do it better?
WHO
have we done this for?
Our Customers
1 de 13

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Safe Security – Insurtech Innovation Award 2023

  • 1. Transforming Cyber Insurance See How to do Next-gen Cyber Underwriting in 18 minutes:
  • 2. Safe Security is a pioneer and leader in Cybersecurity Risk Quantification & Management (CRQM) ● Based in Palo Alto, California with a 200 member team and raised over $100M from Sorenson Capital, Fidelity Investments, John Chambers and others ● Top contributor to the NVD of the U.S. Government & ATT&CK MITRE with active research collaboration with MITRE Engenuity’s Center for Threat-Informed Defense (CTID) and MIT’s CAMS ● SAFE’s Research Arm invented the FAIR™ Methodology, the global standard in risk quantification, and founded the FAIR Institute™ that has representation from over 50% of the Fortune 500 Companies Overview Our Existing Customers:
  • 3. How are we helping the insurance ecosystem BROKERS CARRIERS REINSURERS ● Safe is powering all of Mosaic’s Primary & Excess Cyber Underwriting ● The ‘Safe Score’ is directly integrated into Mosaic’s rating model ● Mosaic x SafeInside have introduced an industry first incentive, enabling insureds who perform an ‘inside-out’ assessment to receive a premium discount up to 30% directly tied to their Safe Score ● Howden and Safe have launched a global partnership to introduce real-time, quantitative, inside-out assessments to their insureds ● WTW is launching a digital quote, issue, bind platform for mid-market insureds where an ‘inside-out’ assessment is mandated and powered by Safe - 6 carriers have agreed to accept Safe Score for underwriting in this program ● HUB International in Canada has partnered with Safe, starting with our ‘outside-in’ + cyber risk quantification ● Both MunichRe and SwissRe have integrated Safe’s assessment capabilities via API their own customer- facing platform for cedents and broker partners ● Integrated all of Safe’s assessment capabilities: ○ Outside-In ○ Cyber Risk Quantification ○ NIST CSF/Primary Questionnaire ○ Inside-Out assessment on Public Cloud
  • 4. SAFE + RiskLens is the strongest CRQM in the Market World’s most credible and only standardized CRQM model with FAIR + World’s most advanced, automated AI-based data driven CRQM SAFE RiskLens
  • 5. RiskLens named a Leader in the Forrester Wave, CRQ Report Ranked Highest in Strategy & Vision Differentiated with its FAIR expertise Safe adds the Cyber Security expertise with MITRE ATT&CK mapping Safe adds automated AI-driven automated CRQ capabilities
  • 6. WHY IS MANAGING RISK SO HARD Fragmented (Vendor Siloes) Highly Manual Point In Time Cyber Investments highly subjective NO UNIFIED CYBER RISK VIEW
  • 7. The Cyber Risk Cloud of Clouds Prioritized Risk Treatment Actions/Investments Automated, Real-Time Risk Visibility & Breach Predictions Consistent Communication with Boards, Regulators, and Insurers
  • 9. BREACH LIKELIHOOD Likelihood of a successful breach in the next 12 months (using MITRE ATT&CK Framework) FINANCIAL RISK Estimated Financial Impact and Financial Risk of the organization (using Interactive Cost Model) PRIORITIZED ACTIONABLE INSIGHTS For every Risk Scenario at Enterprise and Business Level based on Return on Security Investment (ROSI) 9 AUTOMATED DATA: 50+ APIs to connect with instantaneously MANUAL DATA: 5+ Frameworks like NIST CSF, NIST SP- 800:53, ISO 27002 etc INPUTS OUTPUTS
  • 11. Automated & Real time Custom Groups and Scenarios Industry Benchmarking VISIBILITY TREATMENT COMMUNICATI ON FAIR™ based Prioritization Data Driven Insights Cyber Insurance Linked to Safe Outputs Generative AI Driven (Safe GPT) API Led Reporting Modern & Intuitive UX How do we do it better?
  • 12. WHO have we done this for?

Notas del editor

  1. Content Done : Saket