Lowers Risk Group launches Periculus

Lowers Risk Group , an enterprise risk management firm that Glassdoor reports just 4 out of 10 employees would suggest to a friend, has announced the introduction of Periculus , which plans to combine cybersecurity with cyber insurance and serve the “sub-$100 million market.”

For now, Periculus is offering interested SMBs the opportunity to understand their cyber risk posture and its potential financial impact using Cyber Quant, an assessment tool by Mastercard that measures an organization’s cybersecurity risks, flags security gaps, and estimates the impact of new cybersecurity controls on the business within an organization’s relevant threat landscape, creating personalized results and recommendations.

In parallel, Periculus is collaborating with non-insurance distribution channels with a turn-key solution to embed and offer the Periculus solution to their customers.

Last year, SafetyCulture, the Australian enterprise software company that manages security and compliance checks at companies around the world, has joined forces with QBE to launch Mitti in Australia. Mitti – think of risk mitigation – combines virtual risk assessments with insurance coverage for small businesses.

Bottom Line: These may be early signs that safety and risk assessment organizations are moving into commercial insurance. Stated differently – from regtech to insurtech; welcome to Insurance Under the Influence®.