To help insurers quantify cyber risks, Arceo.ai traces the latest trends and advancements on the cyber threat landscape and deduces how they could affect enterprises pertaining to various industry verticals. “By tracing the specific lines, we provide insurers the capability to effectively tailor their cyber-insurance offerings according to needs of industry verticals,” says Vishal “V8” Hariprasad, the CEO, and Co-founder of Arceo.ai. They provide an internal dataset–a data feedback loop, driven by ML, which acts as the gateway of information for insurers to understand their customers’ security needs, allowing them to frame policies accordingly. It also enables them to choose the right behavior for offering prescriptive pre-breach guidance to clients for mitigating threats. As such, the offering helps prevent attacks, thereby eliminating the need for unnecessary elements of coverage.
By partnering with Arceo.ai, insurers who had never stepped into the realm of cyber insurance are able to diversify their product-portfolio with tailor-made policies based on the demographics and risk postures of their clients.Arceo. ai is delivering on its mission: to shift the economics of cyber risk by merging security and insurance, through combined effects of cyber-security expertise, transparent risk assessments, and meaningful risk-transfer.
By tracing the specific lines, we provide insurers the capability to effectively tailor their cyber-insurance offerings according to needs of industry verticals
Looking ahead, Hariprasad envisions to broaden the scope of Arceo.ai’s platform while expanding the team and partnerships. The next plan on their agenda is to establish offices in New York and London.“Driving more alliances and expanding our reach in the security world will empower us to help clients in creating innovative insurance-products to be better prepared for the impending attacks even before they occur,” concludes Hariprasad.