Chubb partners with cybersecurity firm to boost risk management
Property/casualty insurer Chubb has entered into a partnership with a cybersecurity company to streamline cyber risk management practices for US businesses.
Chubb and SentinelOne have entered into a partnership to enhance cyber risk management.
Chubb said the collaboration is “timely as cyber threats continue to increase in sophistication and devastation, prompting companies to prioritise investments to bolster their defences and business resiliency.”
As part of the first phase of this collaboration, Chubb's cyber insurance policyholders with over $100 million in revenue will have the ability to share their enterprise health assessment or security posture data with Chubb through SentinelOne's endpoint protection and automated incident response solutions. This includes SentinelOne's WatchTower Vital Signs Report app, which securely communicates an accurate profile of a policyholder's cybersecurity posture and controls to Chubb to help streamline underwriting processes.
The benefits for policyholders and their agents include potentially incentivised policy pricing subject to applicable insurance laws, streamlined policy renewals, and visibility and cyber threat protection through SentinelOne, according to Chubb.
Craig Guiliano, vice president of cybersecurity threat intelligence at Chubb, said: “The incorporation of SentinelOne's endpoint protection and incident response gives Chubb policyholders streamlined and potentially discounted access to a full suite of integrated cyber risk management solutions. Policyholders will be empowered to defend faster, at a greater scale, and with higher accuracy across their entire attack surface. The other major benefit to the policyholder is the comprehensive view of an enterprise's cybersecurity health for improved policy accessibility.”
Eran Ashkenazi, chief customer officer, SentinelOne, commented: “SentinelOne is proud to collaborate with Chubb to put the power of cybersecurity technology in the hands of their policyholders and help them take informed action to protect their business from potentially devastating threats today and tomorrow.”
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