The Cyber Insurance market is estimated to grow to a $29 billion market by 2027 and has almost tripled in size over the last five years, according to recent research by Munich Re.
With an increasing number of insurance products entering the market, it is more crucial than ever for insurers to focus on the value they offer their customers. Beyond comprehensive coverage, reputation, and competitive pricing, customers seek additional value that enhances their lifestyle and sense of security.
For insurers providing personal insurance products, providing something mutually beneficial can significantly enhance the perceived value of their cyber offerings. This is where our cyber risk management tool, Cyber Xpert, and our Cyber Risk Advisory/Cyber Helpline services play a pivotal role.
Introducing DynaRisk’s Solutions
Cyber Xpert is our personal cyber risk management solution. It is a portal that users can access to understand and manage their cyber risk. Much like a credit report and score, we use various elements to assess a user's risk.
By leveraging dark web monitoring, knowledge assessments, educational guides, vulnerability and router scans, we empower users to protect themselves and their families from cyber threats.
Our Cyber Risk Advisory and Cyber Helpline services are designed to support customers in times of cyber threats. Our team assists with issues such as ransomware, viruses, phishing, and fraud.
Our software and services are integrated into various products and programs worldwide, helping individuals defend against the devastating impact of cyber attacks.
Benefits for Partners and Their Customers
Our partners gain significant advantages by offering our software and services alongside their insurance products. Our solutions provide genuine protection for customers' assets, including finances and personal data. They offer comprehensive protection by helping users prevent issues, and the insurance cover then acts as the safety net.
For partners, there are numerous benefits. When policyholders perceive real value from a product, their loyalty and engagement increase. Policyholders are more engaged as they actively use the solution provided. Our portal is designed to detect threats and alert users, helping them mitigate their cyber risk and prevent cyber attacks. Our advisory and helpline services offer instant support, aiding customers in mitigating, preventing, or minimising the damage of cyber threats. For partners, embedding our software within a cyber insurance policy helps reduce claim volumes, manage loss ratios, and increase engagement.
Expanding Beyond Cyber Insurance
We collaborate with partners across various industries worldwide. While many partnerships are within the insurance sector, our software and services are not limited to it. When looking at our personal risk management offering, we predominantly work with partners offering personal lines, including cyber, life, health, gadgets, and travel insurance. Additionally, we partner with entities in the banking and affinity spaces, offering our products as part of benefit programmes.
Elevate Your Product or Programme
If you are looking to enhance your product or programme, explore our website or contact our team at info@dynarisk.com to learn more!