Canopius joins SCOR to amplify cyber insurance for US SMEs

Global specialty re/insurer  Canopius has partnered with AI-powered cyber insurance provider Measured Analytics and Insurance to expand cyber insurance and cybersecurity solutions for small and midsize businesses (SMBs) in the US. Canopius joins Paris-based global reinsurer  SCOR, which has been a lead capacity provider for Measured’s strategic growth.

The collaboration combines Canopius and SCOR’s cyber expertise and global reach with Measured’s innovative approach to cyber risk management.

Canopius said the partnership is aimed at solidifying its market position and expanding its offerings to meet the growing demand for cyber insurance solutions.

Measured claims its solutions leverage artificial intelligence, proprietary threat insights and behind the firewall data to identify security threats and reduce businesses' potential exposure.

“We are thrilled to announce our partnership with Measured Analytics and Insurance, as it marks a step forward in our mission to provide comprehensive cyber insurance solutions to small and midsize businesses across the United States,” said Jenny Soubra, US head of cyber and tech E&O at Canopius.

“When combined with Canopius’ and SCOR’s expertise, together we are equipped to deliver unparalleled cyber protection to customers. Measured’s innovative approach to cyber risk management aligns seamlessly with our capabilities, resulting in a strategic partnership positioned to drive transformative change,” Soubra added.

Benjamin Auray, chief underwriting officer - global head of MGA at SCOR, said: “Best in class underwriting coupled with differentiated scalable distribution are the key capabilities for strong profitable growth in the cyber insurance market.

“We believe Measured's data-driven approach to tracking exposure in real-time creates smarter insurance products. Measured is built to scale quickly and grow responsibly, powered by partnerships and proprietary data.”

Measured CEO Jack Vines, commented: “Measured is uniquely positioned to provide innovative solutions for organisations seeking cyber insurance. We're more than an insurance provider, we're a reliable, AI-powered cyber risk management partner.

“We appreciate the strategic advantage provided by SCOR's commitment of capacity and expertise to date. Together, we're better than ever at making our customers safer and more secure, thanks to having Canopius and SCOR at our side.”

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