Hey there, we’re At-Bay.
We’re building insurance for the digital age. Learn more at at-bay.com.
Organizations are passionate about their business and about creating value to their customers. Technology enables them to do incredible things, yet it exposes them to risks unlike they ever had to manage before.
Our mission is to empower our clients to embrace technology, and take on tomorrow fearlessly.
We are there to provide them peace of mind in the face of complexity — to work with them, year-round to control and avoid risk. Because in a fast-changing digital world, the insurance policy is just the start.
We have brought together experienced and passionate security experts and insurance veterans. We are redesigning the way risk is understood to match the dynamic nature of cyber risk.
Our product is a comprehensive and thoughtful insurance coverage and a commitment to relentlessly work to keep our clients secure. Technology never stops evolving, and neither do we.
We partnered with the insurance carrier HSB, part of the Munich Re Group, to deliver our products to market. HSB’s high standards of service and A++ rating, together with our expertise on cyber risk, provide our clients and brokers with the confidence to take on tomorrow.
We’re At-Bay, and today we go LIVE.
Our thesis on cyber insurance
Software is eating the world. And so is Cyber Risk
Businesses become increasingly dependent on technology to serve customers, generate revenue, run their operations, and enhance productivity. At the dawn of this information age, digital assets and information become the crown jewels of every organization.
But technology isn’t secure, and we are only starting to realize the magnitude of financial exposure that cyber-attacks create.
Insurance is key to controlling for digital risk
Insurance, in its simplest form, enables organizations to transfer financial risk to the insurance company for a fee. But in doing so, it is incumbent upon the insurance company to understand the size and probability of that risk manifesting — in dollars. Insurance has a great vantage point and an unbiased incentive to figure out which technologies and configurations are more secure than others.
It’s not Cyber Insurance. It’s Insurance for cyber companies
The future of commercial insurance is digital. Cyber-attacks and errors have proven to impact every asset in the organization; revenue generation, productivity loss, integrity of digital assets, crime, physical equipment and even casualty and bodily injury. Technology is also taking over as a means to deliver value to customers, which create immense third-party risks to businesses; professional liability, product liability, data privacy, and more.
Underwriting commercial insurance in the digital age will depend on the ability to understand the probability of cyber events, and the exposures that they create.
Traditional insurance models can’t keep up
The insurance model is designed to serve slow changing risks that can be predicted by analyzing historical data, under government regulation that approves, and publicly shares, every insurance product and pricing plan. The update cycle for pricing models is long and the complexity of underwriting is reduced to match a large, generalist underwriting sales force.
Cyber risk is new, technically complex and highly dynamic. Companies continuously change and upgrade their technology stack, effectively changing their risk profile. New vulnerabilities are discovered every week, and can be used to attack companies. In this dynamic world, actuarial tables are forever a few steps behind risk, and insurers have limited appetite to increase coverage or reward companies for better security.
What we do
The way cyber insurance should be
We are building an insurance company for the digital age. We are redesigning the risk model, optimized for learning, embedding cyber security DNA at the core. We are on a mission to unlock risk insights and drive product and service innovations in commercial insurance.
Our comprehensive, proprietary insurance policy, thoughtful pricing and quick and insightful underwriting give clients the coverage their technology deserves.
Your partner in risk management
Exposure changes all the time. We actively monitor our clients’ risk year-round and work with them to control it. We give risk managers a periodic update on changes to risk, and provide technical teams with real time alerts that help them avoid loss altogether.
Empowering brokers with risk insights their clients deserve
Brokers have an indispensable role. Clients with complex systems need a risk consultant that can help them assess their exposure, and match them with the right coverage.
We empower brokers with risk insights that help them deliver value to their clients. We scan and score the security of their clients, and provide our broker partners with unique insights into risk, coupled with exposure analysis and benchmarks, all in a seamless platform. Fast, digital and collaborative insurance application forms make for a low-friction sales process.
For more information, check out our website. Come work with us!
