World-wide insurance plan chief joins Cyberwrite as group president
NEW YORK, Feb. 20, 2023 /PRNewswire/ — Cyberwrite, supplier of the patented AI cyber insurance policy risk engineering 4SEEN® and cyber insurance items, currently formally announced the appointment of Hartmut Mai as team president.
Mai brings additional than 25 many years of world insurance management practical experience to Cyberwrite. He beforehand served as the global Main Underwriting Officer (CUO) and board member at Allianz World-wide Company & Specialty (AGCS). For the duration of his distinguished profession, he has also held management underwriting roles at AIG, led the start of the cyber insurance coverage coverage of Allianz in Germany in 2013, and led the Financial and Professional Liability (FINPRO) plan at Marsh.
“Following our collaboration in 2022, we are enthusiastic for Hartmut to be a part of us at whole ability to guide our insurance policies operations,” reported Nir Perry, founder and CEO of Cyberwrite. “Hartmut delivers tremendous working experience in coverage underwriting and markets management, cyber insurance policy, digital transformation and innovation. With Hartmut, we will proceed to empower the insurance plan ecosystem to unlock the cyber insurance coverage option applying Cyberwrite’s patented AI technologies and enable enterprises get the coverage they have to have in actual-time, increase their recognition to cyber hazard, and minimize that threat.”
“I am thrilled to join Cyberwrite,” explained Mai. “As cyberattacks, facts breaches, and other cyber risks turn out to be more typical and impression businesses globally, prices skyrocket for firms and insurers. There is a great need throughout the market for superior techniques to underwrite threats and insure enterprises quickly and in a information-pushed method. I have recognized Cyberwrite due to the fact 2017, and its special patented AI technologies provides to current market unprecedented abilities to reshape the upcoming of cyber safety and cyber insurance policies for bigger profitability, resiliency, and cyber security.”
Cyberwrite’s patented 4SEEN® algorithm predicts the possibility degree and likely financial impression of cyberattacks for any enterprise in real-time and on need. This breakthrough technology powers Cyberwrite’s offerings to convey bigger confidence and efficiency to each individual phase of the cyber insurance lifecycle. Underwriters using Cyberwrite’s possibility investigation platform, for occasion, are empowered with knowledge-pushed tips primarily based on their underwriting tips, a regulatory impact evaluation and direction for improvement for each individual business. Application programming interfaces (APIs) give all the knowledge in a streamlined manner. Insurance brokers and brokers leverage the platform when offering policies to assistance their purchasers far better recognize their potential challenges, what coverage they have to have, and how to mitigate cyber risks.
Started in 2017 by cyber and coverage sector veterans, Cyberwrite’s merchandise are utilized globally by top insurers, reinsurers, brokers, and brokers to improve cyber insurance policies income and lessen underwriting and threat management prices. The firm’s flagship 4SEEN® system monitors far more than $8 billion in cyber insurance coverage risks and has helped insurers and reinsurers examine the cyber chance of extra than 600,000 enterprises. Cyberwrite is a Gartner Amazing Vendor, Frost & Sullivan Excellence Award Winner and a graduate of the FinTech Innovation Lab of New York in partnership with Accenture. For much more facts, go to: www.cyberwrite.com.