Cyberwrite Announced Hartmut Mai as Group President

Cyberwrite Announced Hartmut Mai as Group President

Mai brings greater than 25 years of world insurance coverage management expertise to Cyberwrite. He beforehand served as the worldwide Chief Underwriting Officer (CUO) and board member at Allianz World Company & Specialty (AGCS). Throughout his distinguished profession, he has additionally held management underwriting roles at AIG, led the launch of the cyber insurance coverage coverage of Allianz in Germany in 2013, and led the Monetary and Skilled Legal responsibility (FINPRO) program at Marsh.

“Following our collaboration in 2022, we’re excited for Hartmut to hitch us at full capability to guide our insurance coverage operations,” mentioned Nir Perry, founder and CEO of Cyberwrite. “Hartmut brings great expertise in insurance coverage underwriting and markets administration, cyber insurance coverage, digital transformation and innovation. With Hartmut, we are going to proceed to allow the insurance coverage ecosystem to unlock the cyber insurance coverage alternative utilizing Cyberwrite’s patented AI expertise and assist companies get the protection they want in real-time, increase their consciousness to cyber threat, and scale back that threat.”

“I’m thrilled to hitch Cyberwrite,” mentioned Mai. “As cyberattacks, information breaches, and different cyber dangers turn into extra widespread and affect companies globally, prices skyrocket for companies and insurers. There’s a great want throughout the trade for higher methods to underwrite dangers and insure companies rapidly and in a data-driven method. I’ve recognized Cyberwrite since 2017, and its distinctive patented AI expertise brings to market unprecedented capabilities to reshape the way forward for cyber safety and cyber insurance coverage for higher profitability, resiliency, and cyber security.”

Cyberwrite’s patented 4SEEN® algorithm predicts the chance stage and potential financial affect of cyberattacks for any enterprise in real-time and on demand. This breakthrough expertise powers Cyberwrite’s choices to carry higher confidence and effectivity to each stage of the cyber insurance coverage lifecycle. Underwriters utilizing Cyberwrite’s threat evaluation platform, as an illustration, are empowered with data-driven suggestions primarily based on their underwriting tips, a regulatory affect evaluation and steerage for enchancment for every enterprise. Software programming interfaces (APIs) present all the information in a streamlined method. Insurance coverage brokers and brokers leverage the platform when promoting insurance policies to assist their purchasers higher perceive their potential dangers, what protection they want, and easy methods to mitigate cyber dangers.

About Cyberwrite

Based in 2017 by cyber and insurance coverage trade veterans, Cyberwrite’s merchandise are used globally by main insurers, reinsurers, brokers, and brokers to develop cyber insurance coverage gross sales and scale back underwriting and threat administration prices. The corporate’s flagship 4SEEN® platform displays greater than $8 billion in cyber insurance coverage dangers and has helped insurers and reinsurers analyze the cyber threat of greater than 600,000 companies. Cyberwrite is a Gartner Cool Vendor, Frost & Sullivan Excellence Award Winner and a graduate of the FinTech Innovation Lab of New York in partnership with Accenture.

Related posts

MIT and IBM Develop New Tool To Help Choose the Right Method for Evaluating AI Models


Making Cryptocurrencies More Sustainable: Follow Ethereum’s Lead | Tech News


Ethereum closed a big security hole with its energy-saving update


Leave a Comment