In the rapidly evolving cybersecurity landscape, companies of all sizes struggle to navigate the complexities of cyber insurance as threats become more frequent and sophisticated. Understanding this fundamental challenge, we recently unveiled the RiskShield Cyber Insurance Program, designed explicitly for Managed Security Service Providers (MSSPs). This program enables MSSPs to offer tailored, exclusive cyber insurance rates to their clients, enhancing the value of their services while ensuring businesses are financially protected against cyber incidents.
The launch of RiskShield introduces a new way for MSSPs to differentiate themselves in the highly competitive cybersecurity market. By partnering with Converge Insurance, a leader in cyber insurtech, Stellar Cyber has created a program that integrates cutting-edge technology and expert underwriting, offering tailored insurance solutions that reflect the security measures in place at client organizations. This collaboration provides MSSPs with a unique advantage: the ability to offer clients customized coverage at competitive rates based on their security posture.
Revolutionizing Cyber Insurance with Stellar Cyber’s MITRE ATT&CK Coverage Analyzer
At the heart of the RiskShield program is Stellar Cyber’s MITRE ATT&CK Coverage Analyzer, a powerful tool that leverages the MITRE ATT&CK framework to give MSSPs a detailed view of their clients’ security readiness. The analyzer provides comprehensive reports demonstrating security measures and coverage effectiveness by analyzing data from security tools such as Endpoint Detection and Response (EDR), Multi-Factor Authentication (MFA), and firewalls.
These detailed reports serve as critical documentation for insurance underwriting, allowing MSSPs to offer exclusive, competitive cyber insurance rates based on the robustness of their clients’ security infrastructure. This not only makes cyber insurance more accessible but also ensures businesses are protected with the right level of coverage tailored to their specific needs.
Exclusive Benefits for MSSPs and Their Clients
The RiskShield Cyber Insurance Program offers significant benefits for MSSPs and their clients. MSSPs can now provide exclusive insurance rates, adding a valuable financial safety net to their cybersecurity services. This increases client loyalty as businesses see greater transparency in their security posture and benefit from lower premiums due to demonstrated security maturity.
The program also streamlines insurance acquisition, simplifying regulatory compliance and expert underwriting through Converge Insurance. This removes much of the complexity typically associated with obtaining cyber insurance, allowing MSSPs to focus on enhancing security while ensuring their clients are fully protected.
Enhancing Market Position and Customer Loyalty
For MSSPs, the ability to offer tailored cyber insurance solutions through Stellar Cyber’s RiskShield program enhances marketability and fosters long-term client relationships. MSSPs can position themselves as trusted advisors in their clients’ cybersecurity journeys by providing cutting-edge cybersecurity services and customized insurance solutions.
This innovative approach empowers MSSPs to elevate their offerings, providing peace of mind to their clients while strengthening their competitive edge in the market. As cyber threats evolve, programs like Stellar Cyber’s RiskShield ensure that MSSPs and their clients remain secure and financially protected.
Ready to Get Started?
Empower your clients with enhanced security and financial benefits. Join the Stellar Cyber RiskShield Cyber Insurance Program, which offers exclusive cyber insurance rates. Contact us to get started today.
