Great American Insurance Group has launched a cyber risk management platform, EagleEye.
EagleEye is a collaboration between Great American’s Enterprise Information Security Group and its Cyber Risk operations. It is designed by IT professionals, for IT professionals to leverage the power of the NIST Cybersecurity Framework and bring the resources and insights of a Fortune 500 company to the small and medium enterprise marketplace for cyber risk insurance, Great American Insurance Group explained.
Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses.
According to Betty Shepherd, divisional senior vice president at Great American Cyber Risk, EagleEye is a valuable loss prevention tool for insureds. “Our policyholders often face big dollar challenges like ransomware and social engineering with very modest IT budgets.
“We jumped at the opportunity to build a compelling solution for insureds. Great American was one of the early insurers to share third-party security ratings and make ongoing vulnerability scans from SecurityScorecard available to policyholders. We are proud to be innovators and pleased to combine those insights with these new tools.”
Great American has been writing cyber risk insurance since 2007 and has numerous cyber risk insurance products tailored to meet the needs of many different small and medium-sized enterprises including community banks, non-profit organisations, technology companies, schools, and municipalities.
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