At-Bay Launches Cyber Insurance Offering
November 17, 2017
company has redesigned insurance, with cyber security expertise
at its core, backed by The Hartford Steam Boiler Inspection and
Insurance Company (HSB), part of Munich Re, to enable
organizations and brokers to confidently confront today’s
dynamic risk landscape.
Cyber risk is a growing concern for organizations, increasing in
size and complexity. In a fast-moving risk environment, the
insurance policy is just the start. At-Bay is dedicated to
actively monitoring client risk year-round and working with them
to control it. Together with its thoughtful cyber insurance
policy and risk insights, At-Bay allows clients and brokers to
better manage and control cyber risk.
“We founded At-Bay with the belief that controlling for cyber
risk enables businesses to embrace technology and unlock great
value to customers,” said Rotem Iram, CEO and Founder, At-Bay.
“We match deep insights on a company’s IT security with
financial exposure that cyber attack vectors create, to enable
insurance brokers and risk managers to more clearly and
accurately assess and manage cyber risk. Our insurance products
and supporting risk management services provide organizations
with the confidence that they can take on the challenges of
At-Bay has partnered with HSB to bring to market a product to
insure and defend organizations against cyber risks.
“We are very excited about working with At-Bay and continue to
be impressed by the technology and expertise they bring to
customers,” said Dave Mercier, senior vice president for HSB.
“At-Bay's data and knowledge-driven business model aligns with
HSB’s own system of managing and underwriting cyber risk. Their
offering truly leverages the strengths of both companies.”
believes historical data has limited ability to predict future
risk, because technology and attackers change too quickly.
Instead, At-Bay leverages its deep data collection, discovery
and enrichment technology to enable security experts to augment
the model with heuristics on expected future risk. Risk insights
are pushed into decision making in hours, so that prospective
and existing portfolio companies receive an updated and future
looking assessment of risk. For brokers, At-Bay offers one
intuitive, digital platform which combines its insurance product
with risk insights that help brokers foster a more insightful
conversation with their clients, including security and
financial exposure, case studies and benchmark data. Fast,
digital and collaborative applications make for a low-friction
At-Bay closed a $6 million seed funding round, led by LightSpeed
Venture Partners, with the participation of Shlomo Kramer and