Apollo Brokers and SecurityScorecard in cyber security alliance

Apollo Brokers, a digital wholesale cyber insurance broker, has partnered with SecurityScorecard to help insured, brokers and carriers be more secure.

SecurityScorecard provides incident response services in the event of a cyber attack. Its reports aim to educate clients about their security postures and flat issues to be remedied. Further, its continuous monitoring enables insured to stay up-to-date on their security posture by identifying vulnerabilities and providing actionable instruction in teal-time.

Founded by InsurTech veterans, Apollo, strives to improve risk quality for carriers, provide brokers with better educational resources, and help insured best protect their business.

The partnership will see every Apollo quote be accompanied by a free SecurityScorecard Report.

Apollo clients will also benefit from SecurityScorecard’s continuous cybersecurity monitoring.

Prashant Pai, senior vice president and general manager of SecurityScorecard, said, “At SecurityScorecard, our mission is to make the cyber world a safer place, and insurance is an essential driver for resilience. Yet it’s never been harder for insureds to obtain cyber insurance. We are excited to partner with Apollo Brokers to help insureds improve their insurability with access to data-driven insights and recommendations about their security posture.”

Yoav Shaked, chief operating officer of Apollo Brokers, added, “Partnering with SecurityScorecard meaningfully advances our mission to help insureds, brokers, and carriers better transact insurance. A key part of that is helping our insureds be more secure.

Our partnership will enable retail brokers on our platform to better flag and remediate cybersecurity vulnerabilities and demonstrate the value of cyber insurance as an essential part of risk mitigation. We are excited to create value for all our partners throughout the value chain.”

Stoïk, a cyber InsurTech for small to medium-sized enterprises (SMEs), recently raised €11m in Series A funding.

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