Pen Underwriting, the London-based managing normal agent, has invested in a brand new cyber safety platform referred to as “Pen Defend,” which goals to equip all its cyber policyholders all over the world with an unique, enhanced, built-in suite of threat administration instruments and specialist companies.

Issued as commonplace to all Pen cyber policyholders renewing or incepting cowl from June 1, 2025, Pen Defend represents an improved, extra tailor-made and dynamic safety for Pen’s cyber insureds. The platform’s intuitive and personalised instruments may help bolster firms’ resilience to cybercrime, cut back the chance of information loss and slash their susceptibility to the primary threat going through organizations when it comes to cyber publicity: human error.

Out there completely to Pen insureds via its dealer companions, the revolutionary new platform integrates a complete suite of expertise companies and the perception of cyber safety consultants to repeatedly establish and handle vulnerabilities. Key options embrace:

• Each day vulnerability scans, threat identification, stories and real-time remediation steps,
• Ongoing built-in risk intelligence feeds to offer related context about rising threats and their potential influence,
• Inbox defender plug-in to establish pink flags and stop incoming electronic mail assaults earlier than they’ll occur,
• Superior phishing simulations throughout a number of channels – not simply electronic mail – together with Whatsapp, Groups, SMS, Slack and telephone calls,
• Smarter-than-standard personalised coaching that adapts content material to every worker’s behaviour so groups actively study and alter dangerous habits quick,
• At all times-on help from AI-powered cybersecurity backed up by human experience.

Extra dealer advantages to facilitate the cyber dialog embrace:

• Portfolio evaluation and notification – ongoing, aggregated Pen information evaluation highlighting frequent vulnerabilities and cybersecurity considerations, enabling Pen to inform brokers of evolving developments and threats to allow them to assist shoppers remediate earlier than falling sufferer themselves,
• Pre-bind vulnerability scans – client-specific stories that may routinely connect to each Pen cyber quote enabling brokers to simply reveal and clarify essential safety weaknesses, plus learn how to successfully treatment with tailor-made mitigation recommendation.

“Many firms nonetheless underestimate their vulnerability to cybercrime, believing they both received’t be a goal or are safer and resilient than they’re,” commented Ian Summerfield, head of Cyber at Pen, in an announcement.

“This could make recommending cyber as a necessary cowl alongside property and legal responsibility insurance coverage a problem for brokers regardless of its confirmed interlocking advantages of threat prevention, breach response and indemnification,” Summerfield stated.

“Our intention in enhancing Pen’s threat administration providing is two-fold. First, to assist brokers win and retain enterprise by providing their shoppers tailor-made threat options they’ll’t get elsewhere, whose advantages can simply and persuasively be demonstrated. Second, to proactively assist insureds establish, handle and cut back their publicity to cyber threat and keep away from the enterprise price, disruption and even paralysis that each one too simply circulate from a profitable cyber incident.”

Pen Underwriting at present gives cyber insurance coverage for SMEs within the UK, US, Canada, Australia and New Zealand, plus massive corporates predominantly domiciled in these territories, and has plans to broaden its geographical attain sooner or later.

A subsidiary of the dealer Arthur J. Gallagher & Co., Pen Underwriting operates with 4 divisions — Industrial – UK & Eire; Worldwide; Public Sector; and SME & Private Strains.

Supply: Pen Underwriting

Subjects
Cyber
New Markets
Insurance Wholesale