Pen Underwriting, a subsidiary of Arthur J Gallagher, has launched Pen Defend, an “improved” cyber danger administration platform.
The platform, in keeping with the corporate, is designed to supply “enhanced” danger administration instruments for world cyber policyholders.
The platform can be issued as commonplace with all cyber insurance policies from 1 June 2025, for each new and renewing policyholders.
It goals to boost firms’ defences in opposition to cybercrime, cut back the chance of knowledge breaches and deal with the prevalent problem of human error in cybersecurity.
Unique to Pen’s insured purchasers through dealer companions, it integrates technological providers with cybersecurity consultancy experience to deal with vulnerabilities inside organisations’ cyber infrastructure.
The platform’s options embody vulnerability scans, danger identification, and instant steps for remediation and menace intelligence feeds that provide insights into cyber threats.
Moreover, an e-mail safety plug-in and multi-channel phishing simulations are a part of the platform’s preventive measures, supported by AI-driven cybersecurity {and professional} oversight.
For brokers, Pen Defend supplies instruments for portfolio evaluation and notification, utilising Pen’s aggregated knowledge to determine frequent cybersecurity points and rising threats.
Moreover, the platform consists of pre-bind vulnerability scans, producing client-specific studies that may be hooked up to Pen cyber insurance coverage quotes.
These studies help brokers in explaining safety vulnerabilities to purchasers and advising on applicable countermeasures, the corporate added.
Pen Cyber head Ian Summerfield mentioned: “Our purpose in enhancing Pen’s danger administration providing is twofold. First, to assist brokers win and retain enterprise by providing their purchasers tailor-made danger options they will’t get elsewhere, whose advantages can simply and persuasively be demonstrated.
“Second, to proactively assist insureds determine, deal with and cut back their publicity to cyber danger and keep away from the enterprise value, disruption and even paralysis that every one too simply move from a profitable cyber incident.
“Our earlier danger administration suite was highly effective; Pen Defend may show an actual game-changer for insureds and brokers alike.”
Pen Underwriting affords cyber insurance coverage to small and medium-sized enterprises and huge corporates within the UK, US, Canada, Australia and New Zealand, with plans to increase its providers to extra areas.
In February, the corporate expanded its marine insurance coverage choices to cowl US ports and terminals.
