In the current climate of the cyber insurance market, there are lots of opportunities for insurers to use the new technology available to create cyber risk profiles for their clients’ companies to help better assess their insurance needs. Technology start-ups are monetising their new products to assess cyber risk for businesses and help them utilise the tools available to them that complement the cyber insurance policies they have in place. So how are insurers and start-ups targeting the cyber insurance market? We spoke to a few companies in this space to get their latest insight. Boris Ćorović from JLT Specialty, a global risk adviser and insurance broker, believes that SaaS (Software-as-a-Service) platforms, which dynamically assess insurers’ cyber security risks and benchmark them in order to affect the rating accuracy granted by their underwriter partners, appear to be the leading offering from technology start-ups. These platforms are offered by companies like SecurityScorecard and BitSight Technologies, whose business models hold collaboration with incumbent insurers at their core. He comments that: “This is a model that has attracted millions in investment from VC funds and shows real room for growth in the years to come.”