Release: LineSlip Solutions Launches Peer Comps: Breakthrough Cyber Insurance Modeling Tool
New Solution Empowers Insurance Brokers and Buyers with Unparalleled Cyber Insurance Benchmarking
NEW YORK, April 8, 2024 – LineSlip, the leading provider of data analytics for commercial insurance brokers, risk managers, and private equity, today launched a first-of-its-kind interactive cyber insurance modeling tool that enables insurance brokerage and risk professionals to instantly benchmark companies against real-world peers and expected cyber losses.
The solution, “Peer Comps,” leverages data from Kovrr, the leading global provider of on-demand cyber risk quantification (CRQ) solutions, and LineSlip's aggregated policy data from thousands of companies to provide visibility into peer companies’ cyber insurance policy limits, retentions, premiums, and modeled losses.
Insurance brokers and risk professionals can identify peers based on industry, revenue, limit, and other attributes to generate meaningful benchmarking analytics. Dashboards and reports help facilitate data-enabled, fiscally driven renewal negotiations and prospect conversations.
"Cyber insurance continues to be an evolving coverage area where many brokers lack concrete insights to help clients make more informed decisions,” said LineSlip CEO Leo Bernstein. “Peer Comps changes that equation. By benchmarking against real-world peers, brokers are better equipped to have informed, strategic conversations to advance client relationships and tailor cyber protection."
Brokers included in the early access program praise Peer Comps for optimizing insurance portfolios, accelerating deal velocity, and allowing them to bring data from real-time benchmarks into client conversations.
“Enterprises are increasingly turning to data-driven insights for benchmarking their cyber insurance terms and conditions, and we’re thrilled to enhance LineSlip’s solution with our comprehensive cyber risk exposure data,” said Yakir Golan, CEO of Kovrr. “Their dedication to delivering a data-centric insurance analytics platform resonates with our own cyber risk quantification philosophy and mission. Together, we empower risk and insurance experts to make informed, data-driven decisions in cyber risk management.”
"We're proud to set a new standard for data-driven insurance analytics,” Bernstein added. “Peer Comps gives brokers the transparency needed to have strategic cyber policy conversations and strengthen client trust."
To learn more about Peer Comps, visit https://www.lineslipsolutions.com/peer-comps
About LineSlip Solutions:
LineSlip empowers brokers to deliver data-driven insurance consulting. Their SaaS platform integrates with leading carriers to provide unparalleled visibility into commercial insurance policies across small, mid-market, and enterprise clients. LineSlip's clients include the top 10 global and leading middle-market brokerages. For more information, visit lineslipsolutions.com.
Kovrr financially quantifies cyber risk on demand. Their technology enables decision makers to seamlessly drive actionable cyber risk management decisions.