Our Solution for Insurers
We offer insurers the ability to customise the Gryves Cyber Risk Assessment according to their underwriting appetite. The Assessment will gather sufficient data to enable automated risk selection, referral, pricing and quoting.
The Gryves online platform can also provide Insurers with ‘straight through’ processing from initial Assessment, underwriting referral (as required), quote, policy issuance and premium payment, to first notification of loss. It would be overlaid on top of legacy insurer systems, allowing the Insurer to derive the benefit of innovation and digital transformation without being limited by existing technological barriers. Alternatively, the Assessment output can be used to feed third party or in-house insurer systems for separate policy and claims handling.
If integrated with a banking customer model, the insurer will also be able to access new business customers direct, or via a broker / coverholder model.
Benefits for Insurers:
- Provide a platform to transact cyber business end to end as required
- Handle a large volume of business without associated servicing costs
- Access a new and growing cyber insurance market