Insurtech Arceo.ai launches to bridge cybersecurity-insurance gap
San Francisco-based insurtech Arceo.ai, a provider of cyber resilience solutions, has launched with a debut platform that enables insurance carriers to automate and enhance their cyber insurance, while increasing the security of their insureds. Arceo.ai seeks to bridge the gap between insurance and the cybersecurity market with advanced risk analytics, including transparent modeling process that enhances underwriting, accelerates quoting, and provides insureds with actionable technical cyber resilience guidance. The firm said that it would focus on helping insurance carriers better serve the small-and-medium-size enterprises (SMEs), which are the fastest growing cyber insurance segment. “Cyber incidents are one of the most important risks facing businesses. For the insurance industry, this represents a significant, but challenging opportunity for growth,” said Raj Shah CEO of Arceo.ai. “Our combined team of security and insurance practitioners has enabled us to build a platform for the insurance industry to create and deliver meaningful cyber resilience solutions for their customers.” Arceo's team comprises data scientists, cybersecurity engineers, and cyber insurance experts along with experienced advisors and investors. The start-up's founding team includes CEO Raj Shah, most recently managing partner of the Pentagon Defense Innovation Unit Experimental (DIUx) in Silicon Valley; president and CTO Vishaal Hariprasad, who served as a cyber operations officer in the US Air Force and the NSA; Ben Beeson, who was previously leading Lockton’s cyber risk practice; Davis Hake, most recently director of cybersecurity strategy at Palo Alto Networks; and Matthew Hall.
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