Chubb and SentinelOne Partner to Reinforce Cybersecurity
In an era where digital threats loom more prominent than ever, Chubb, the world’s largest publicly traded property and casualty insurance company, has embarked on a pioneering journey to fortify the cyber defences of U.S. businesses. Partnering with SentinelOne, a cybersecurity leader listed on the NYSE, Chubb is set to revolutionise the landscape of cyber risk management.
This strategic alliance marks a significant development in cybersecurity and insurance. It comes at a time when cyber threats are evolving in complexity, and their impact is causing increasing devastation. Businesses, more than ever, are in dire need of robust defences and resilience to navigate these turbulent digital waters.
The collaboration’s primary objective is streamlining cyber risk management practices for Chubb’s cyber insurance policyholders. Those policyholders, whose revenues exceed $100 million, will now have a powerful tool at their disposal – the ability to share their enterprise’s “health assessment” or “security posture” data with Chubb, all facilitated by SentinelOne’s cutting-edge endpoint protection and automated incident response solutions. A notable inclusion in this suite of solutions is SentinelOne’s WatchTower Vital Signs Report app, a secure conduit for conveying an accurate profile of a policyholder’s cybersecurity posture and controls to Chubb. This innovation aims to expedite underwriting processes, benefiting policyholders and their agents.
The advantages that policyholders and their agents can expect are manifold. Firstly, potentially incentivised policy pricing, subject to applicable insurance laws, will be offered. This initiative seeks to make cyber insurance more affordable and accessible to those who diligently invest in cybersecurity. Policy renewals will also be streamlined, simplifying the often cumbersome administrative procedures. Moreover, policyholders will enjoy enhanced visibility and cyber threat protection through SentinelOne, a formidable ally in the battle against cyber adversaries. To sweeten the deal further, policyholders can receive a discounted subscription to SentinelOne’s solutions, equipping them with the tools to safeguard their systems and data effectively.
As Craig Guiliano, Vice President of Cybersecurity Threat Intelligence at Chubb, aptly notes, “The incorporation of SentinelOne’s endpoint protection and incident response gives Chubb policyholders streamlined and potentially discounted access to a full suite of integrated cyber risk management solutions.” This advancement empowers policyholders to defend their assets faster, on a larger scale, and more precisely across their entire digital terrain. An additional perk for policyholders is the comprehensive view of their enterprise’s cybersecurity health, enhancing policy accessibility and strategic decision-making.
Eran Ashkenazi, Chief Customer Officer at SentinelOne, shares the sentiment of this monumental collaboration, saying, “SentinelOne is proud to collaborate with Chubb to put the power of cybersecurity technology in the hands of their policyholders and help them take informed action to protect their business from potentially devastating threats today and tomorrow.”
Chubb Cyber Insurance has been a stalwart leader in the cyber insurance domain, offering over two decades of coverage for data breaches, network security, and other cyber risks. With these new policyholder offerings, Chubb Cyber Insurance adds even more value to its repertoire when organisations are fortifying their defences against the looming threats of data breaches, business interruption, and reputational risks following a cyber incident.
In conclusion, the partnership between Chubb and SentinelOne is a beacon of hope in an age dominated by cyber threats. By providing policyholders with cutting-edge cybersecurity technology and streamlining the insurance process, these industry leaders are paving the way for a safer digital future for businesses across the United States.
