BitSight joins Duck Creek Partner Ecosystem
Duck Creek Technologies announced that it has expanded its Partner Ecosystem program through a new relationship with BitSight , a Cambridge-based provider of a security rating platform to assess risk exposure.
“BitSight Security Ratings provide critical information to help P&C insurers around the world underwrite cyber insurance and model risk. We are focused on bringing efficient underwriting workflow to our customers, and integrating our service with the Duck Creek Platform was a natural fit for us.” – Samit Shah, Director of Insurance Programs & Partnerships at BitSight.
“Cyber security represents a growing threat to businesses of all sizes, and protecting them with appropriate coverage is only becoming more difficult as the types and scope of cyber threats expand. Security Ratings are a fantastic value-add for carriers, and Duck Creek is thrilled to welcome BitSight into our rapidly-growing partner ecosystem.” – Elizabeth Del Ferro, Vice President, Partner GTM at Duck Creek Technologies.
Established in 2011, BitSight is a team of over 400 people. The company has raised $151 million since its inception to help insurers continuously measure security performance based on evidence of compromised systems, diligence, user behavior, and data breaches. With this partnership, insurers will be able to make requests to the BitSight service to retrieve an overall rating and industry comparison, as well as information on individual risk vectors, their grades, and their industry comparison grades. Using this data, carriers can assess the cyber risk of an applicant organization during the underwriting process and price the policy appropriately.