Lloyd's Innovation Showcase

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Tackling cyber insurance risk assessment with RiskXchange from Northdoor 

Access organisational cyber risk insight to enhance your underwriting process

In the race to secure business in the burgeoning cyber insurance space, carriers often lack the desired level of data and insight to confidently underwrite cyber risk. The market does not allow the luxury of the time, resources and expense associated with proper due diligence when quoting on a new cyber policy – leading to potentially high-risk exposure for cyber insurers.

On 18th October Northdoor will be available to discuss and demonstrate how RiskXchange can provide the desired cyber risk insight to enhance your cyber insurance underwriting process. We will also show the benefits to your organisation – of assessing the cyber and GDPR compliance risk exposures within your organisation and across the third and fourth party digital ecosystems that make up the insurance supply chain.

See a demo of how RiskXchange can help you:

  • Quickly and cost-effectively assess the cyber risk posture of an organisation seeking cyber insurance
  • Continually assess the cyber risk posture of your clients
  • Differentiate your cyber insurance offering
  • Gain access to a framework for managing your organisation’s third-party cyber security risks and GDPR compliance
  • Understand your organisation’s compliance requirements for third-party processors
  • Integrate third-party risk management into the operational and enterprise risk management strategy of the organisation

For more information, please contact Richard Jefferies, Insurance Client Manager on 07823 345 756 or email:richard.jefferies@northdoor.co.uk

Find out more about Cyber and Third Party Risk Management 

About Northdoor

Northdoor plc is a leading provider of integrated information technology and data solutions. Originally founded in 1989 to serve the London market, Northdoor has nearly 30 years experience in the Insurance industry helping customers, who have ranged from start-up businesses to large corporates, experiencing significant business change.  Our consultants have an in-depth understanding of insurance which allows us to deploy our technology capabilities to great effect.

Our “Store IT, Protect IT, Use IT” solutions and services portfolio covers the lifecycle of data. As one of the main providers of policy administration systems to the market, we are an active participant in the TOM programme. Our portfolio of insurance business applications can be tailored and configured to precisely fit our customer’s needs, such as regulatory compliance and digitalised insurance transactions.  Further details of these offerings can be found at our NdexInsure site.

About the Lloyd’s Innovation Showcase
The Lloyd’s Innovation Showcase is a purpose-built installation taking pride of place in the underwriting room – the heart of the Lloyd’s market. The Innovation Showcase is intended to promote and profile the innovation happening across the Lloyd’s market and Corporation, including an emphasis on promoting the brand new Lloyd’s Lab, a fast-track, fast-fail environment where new concepts, ideas and products can be tested with the support and active involvement of the world’s specialist insurance marketplace. The Innovation Showcase is also hosting “guest weeks” where external companies can showcase innovation relevant to the Lloyd’s market.

For more information, please contact us.

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