Well, that just happened. Today, September 25th 2019, Marsh, the world’s leading insurance broker and risk adviser, announced the inaugural class of cybersecurity solutions receiving a Cyber Catalyst designation as part of a first-of-its-kind evaluation program designed to bring organizations greater clarity in the crowded cybersecurity marketplace.
Cyber Catalyst by Marsh launched earlier this year, convened leading cyber insurers Allianz; AXIS; AXA XL, a division of AXA; Beazley; CFC; Munich Re; Sompo International; and Zurich North America to identify products and services they consider effective in reducing cyber risk. More than 150 cybersecurity offerings were submitted for evaluation, but ultimately only 17 were chosen, and KnowBe4 is one of them!
Cyber Catalyst participating insurers rated the KnowBe4 platform highest on the criteria of flexibility, performance, viability, and efficiency.
“Cyber Catalyst is a ground-breaking approach to help organizations make well-informed decisions in the complex $125 billion cybersecurity marketplace,” said Tom Reagan, US Cyber Practice Leader, Marsh. “This year’s class of 17 Cyber Catalyst designated solutions leverages the experience and insights of the insurance industry to broaden the discussion around best practices and drive improved cyber risk management outcomes.”
Now, Check This Out:
Marsh said: "Organizations that adopt Cyber Catalyst-designated solutions may be considered for enhanced terms and conditions on individually negotiated cyber insurance policies with participating insurers." Marsh has worked with each participating insurer to establish endorsement wordings that reflect the coverage enhancements that those insurers might offer to Marsh clients that adopt one or more Cyber Catalyst-designated solution.
KnowBe4 has a special product page with the Cyber Catalyst Designation and a PDF Fact Sheet.
And this is the Video that they made about KnowBe4: