Blogs

October 22, 2024

The Spectra Difference for (Re)insurers

Spectra’s approach to cyber insurance is in many ways unique, yet it is inspired by the decades and sometimes centuries old processes which have been tried and tested across more mature lines of business such as marine or property insurance. Some critical processes including professionally managed security standards, regular and thorough inspections, and detailed customer exposure data collection are common in established lines of insurance business. Not so in cyber.

#Reinsurers
October 17, 2024

Cyber Service Warranties Lead to Better Insurance

Cyber insurance and cyber warranties are hot topics in the channel. Security vendors are looking to differentiate their solutions with performance warranties and insurers are increasingly investing in channel marketing in an attempt to access customers of IT and security service providers (MSPs/MSSPs). Meanwhile, others have suggested that cyber insurance is more of a headache than it is worth, and that cyber warranties could eventually replace insurance. This misconception feeds confusion as to what is insurance and what is not, creating potential liability risks for all involved.

#MSP
October 8, 2024

Managed Service Providers (MSPs) Win More with SPECTRA Certify

There is currently a growing demand for cyber security standards and certification from customers and their insurers. Such standards are commonplace in all other insurance industry verticals: from commercial property, shipping, to aviation; which have all developed their own “standard security codes” to ensure the resilience of the asset, the mitigation of most common risks, and the safety of its users and customers. Cybersecurity is now following a similar trend as all stakeholders (business owners, investors, partners, and insurers) benefit from a simple and trusted certification of resilience of their business to cyber threats. The focus amongst buyers of managed security is pivoting from purely tech to a risk outcome discussion.

#MSP