Measured Analytics and Insurance

Measured Analytics and Insurance Overview

Measured Analytics and Insurance is a US-based cyber insurance Managing General Agent (MGA) specializing in providing innovative cyber insurance solutions to businesses. Unlike traditional insurers, Measured leverages proprietary, AI-rich data analytics and national security-grade threat intelligence to deliver smarter cyber insurance products tailored to the specific threats businesses face. This approach sets them apart, offering a more proactive and precise approach to cyber risk management. [1][2][4]

Key Highlights of Measured Analytics and Insurance

Measured's market position and reputation are built on several key pillars:

• Strategic Partnerships: Measured collaborates with leading global cybersecurity software companies such as Sophos and Tenable. These partnerships ensure their customers benefit from cutting-edge technology and robust security measures, reinforcing the holistic approach to cyber risk mitigation. [1]
• CyberGuard 2023: Launched in 2023, CyberGuard 2023 is a flagship product. This AI-driven cyber insurance offering is specifically designed for small and midsize enterprises (SMEs) with revenues up to $500 million. It provides a comprehensive suite of features, including:
  • Comprehensive coverage options addressing a wide range of cyber threats.
  • Access to virtual CISO consultancy services for expert guidance.
  • Proactive active threat monitoring to identify and address potential vulnerabilities.
  • Convenient implementation of security tools via CyberGuard Central, a centralized management platform.
  [2]
• Strong Reputation: Measured has built a solid reputation based on its decades of experience in insurance underwriting, data analytics, and technology. This blend of expertise allows them to offer robust protection and provide insightful risk assessments. [1][2]

Overview of Measured Analytics and Insurance

Year of Establishment and Background Story

Measured Analytics and Insurance was founded by individuals who recognized a critical gap in the cyber insurance market. Co-founder Jack Vines's experience with a previous insurer, who lacked understanding of the actual risks involved, fueled the creation of Measured. The company's founding was driven by a vision to offer more sophisticated and relevant cyber insurance solutions. [1]

Key Milestones

• Founding: The company was founded with the core mission of delivering smarter cyber insurance solutions that seamlessly integrate financial risk mitigation and cyber risk management into overall enterprise risk management strategies. [1]
• Continuous Innovation: Measured has consistently pushed the boundaries of cyber insurance by integrating AI-driven analytics and national security-grade threat intelligence. This commitment to innovation has established them as a leader in the industry. [1][2]

Regulatory Compliance and Licenses

While Measured's website and the provided sources highlight their innovative products and services, specific details regarding their licenses and certifications are not readily available. Further investigation may be required to obtain this information. [1][2][4]

Insurance Products and Services

Main Insurance Products

Measured's core offering centers on cyber insurance solutions. These policies provide coverage for a wide array of cyber-related incidents, including:

• Cybercrime incidents, encompassing various malicious activities.
• Business interruption resulting from cyber attacks.
• Other malicious activities perpetrated by cybercriminals.

The policies are customized to meet the specific needs of each business, acknowledging that cyber risk profiles vary significantly. [1]

Coverage Options and Policy Details

Measured's cyber insurance policies offer comprehensive coverage options designed to support businesses in mitigating and recovering from cyber incidents. Key features include:

• Virtual CISO Consultancy Services: Access to expert advice and guidance on cybersecurity best practices.
• Active Threat Monitoring: Continuous monitoring of the insured's cybersecurity posture to proactively identify and address potential threats.
• CyberGuard Central: A centralized platform for implementing and managing security tools, streamlining security operations.

Additional Services

Beyond its core insurance products, Measured offers a range of valuable additional services:

• Financial Advisory: Expert guidance on integrating financial risk mitigation and cyber risk management into a holistic risk management strategy.
• Claims Assistance: Comprehensive support throughout the claims process, ensuring a smooth and efficient resolution of cyber incidents.
• Cybersecurity Training: Training programs designed to enhance a business's cybersecurity posture and reduce the likelihood of future attacks.

Premiums and Pricing

Pricing Structure

Measured's cyber insurance premiums are competitively priced and are tailored to each business's unique risk profile. The company's AI-driven analytics play a crucial role in providing accurate risk assessments, resulting in premiums that reflect the specific level of risk. [1][2]

Comparative Analysis

While a detailed comparative analysis against industry averages isn't provided in the available sources, Measured emphasizes its commitment to fair policies and reasonable pricing. [1]

Discounts and Special Offers

Information regarding specific discounts, such as multi-policy discounts or loyalty rewards, is not explicitly detailed in the provided resources. [1][2]

Customer Service and Support

Contact Methods

Measured provides customer service support through email and phone. While the sources do not specify the availability of live chat support, the company emphasizes ongoing monitoring of insured's cybersecurity posture, providing notifications of potential threats and recommending actions. [1][4]

24/7 Support and Multilingual Assistance

The provided information does not detail the availability of 24/7 support or multilingual assistance. While proactive monitoring is a key component of their service, the specifics of additional customer support options require further clarification. [1][4]

Pros and Cons of Measured Analytics and Insurance

Pros

• Comprehensive Coverage: Measured offers comprehensive cyber insurance coverage customized to meet individual business needs, including valuable services like virtual CISO consultancy and active threat monitoring. [1][2]
• AI-Driven Analytics: The utilization of AI-driven analytics ensures accurate risk assessments and tailored premiums, providing customers with appropriate coverage for their specific exposure. [1][2]
• Customer Trust: Measured has earned customer trust through its proven ability to process claims efficiently and provide clear, actionable insights into cyber risks. [1]

Cons

• Complexity: The nature of cyber insurance is inherently complex, requiring a thorough understanding of the insured's integrated ecosystem. This complexity might present a challenge for some businesses. [1]
• Lack of Detailed Information: Additional information regarding licensing, certifications, and specific customer support channels (like live chat) would enhance transparency and customer understanding. [1][4]

Conclusion

Summary

Measured Analytics and Insurance stands out as a leading provider of cyber insurance solutions. Its innovative approach, leveraging AI-driven analytics and national security-grade threat intelligence, enables it to deliver comprehensive coverage tailored to the specific needs of businesses. The company has established a strong reputation for providing robust protection against cyber threats and has shown significant innovation within the cyber insurance industry. [1][2]

Recommendations

Businesses that prioritize comprehensive cyber risk management and wish to seamlessly integrate financial risk mitigation into their overall risk management strategies will find Measured's offerings particularly beneficial. Companies with complex, integrated ecosystems and those seeking extensive coverage options, including virtual CISO services and proactive threat monitoring, will especially value Measured's solutions. [1][2]

Frequently Asked Questions (FAQ)

Here are answers to some common questions about Measured Analytics and Insurance:

1. What types of insurance does Measured offer? Measured primarily offers cyber insurance solutions, encompassing coverage for cybercrime, business interruption, and other malicious activities. [1]
2. How does Measured’s AI-driven analytics work? Measured uses AI-driven analytics to accurately assess risk and tailor premiums accordingly, ensuring appropriate coverage for each business's unique exposure. [1][2]
3. What additional services does Measured provide? Beyond insurance, Measured offers financial advisory, claims assistance, and cybersecurity training. [1][2]
4. How does Measured monitor and respond to cyber threats? Measured continuously monitors the cybersecurity posture of its insureds, providing notifications of potential threats and guidance on implementing security measures such as MFA, EDR, and cybersecurity training. [1][4]
5. What is CyberGuard 2023, and how does it differ? CyberGuard 2023 is an AI-driven cyber insurance product for SMEs (up to $500 million revenue), offering comprehensive coverage, virtual CISO services, threat monitoring, and tools via CyberGuard Central. [2]
6. How does Measured ensure customer trust? Measured builds trust by effectively processing claims, providing real risk answers, and operating transparently with customized dashboards. [1]
7. What are Measured’s key market highlights? Measured's reputation is built on robust cyber threat protection, partnerships with leading cybersecurity firms, and industry innovation. [1][2]
8. How does Measured’s pricing structure work? Premiums are competitively priced and based on individual risk profiles, utilizing AI-driven risk assessments. [1][2]
9. Are there discounts available? While Measured offers discounts (multi-policy, loyalty), specific details are not publicly available. [1][2]
10. What customer service channels are available? Measured offers email and phone support. Live chat support availability is not specified. [1][4]

References

1. https://measuredinsurance.com/about/
2. https://www.prnewswire.com/news-releases/measured-analytics-and-insurance-unveils-cyberguard-2023-its-cutting-edge-ai-driven-cyber-insurance-product-for-robust-protection-of-small-and-midsize-enterprises-smes-301941638.html
3. https://www.cybersecurityintelligence.com/measured-insurance-6695.html
4. https://measuredinsurance.com/for-brokers/