Fri, Nov 22 2024

Intersys Opens Cyber Risk Office in London to Strengthen Insurer Protection

October 09, 2024
2 Min Reads

In response to the UK insurance industry's increasing need for cyber security, Intersys, the top UK-based supplier of cyber risk management solutions, has announced that it would be establishing a dedicated office in Leadenhall Market, London.

The demand for a specialized center to provide customised cyber managed services was prompted by the rise in cyber dangers, particularly within the insurance industry.

 

The necessity for sophisticated defense solutions is shown by the fact that half of UK firms reported having experienced a cyberattack in the previous year, according to the UK Government's 2024 Cyber Security Breaches Survey.

 

The recently established center in Leadenhall Market will serve as a central location for providing insurance companies with cyber managed services.

 

The team of cyber security specialists at Intersys will work with customers to create specialized solutions, guaranteeing that insurers are adequately safeguarded against constantly changing cyber threats.

 

The company has made a name for itself as a major force in cyber risk mitigation. The firm has almost thirty years of expertise and specializes in cloud infrastructure design, security solutions, and IT infrastructure for the insurance industry.

 

In addition to supporting placement platforms, underwriting, claims administration, and exposure management systems, it provides FinTech companies—important suppliers to insurers—with IT services that are outsourced.

 

For insurance companies, the new office provides a number of benefits, including proactive cyber risk management solutions tailored to their requirements. Intersys will increase its services to offer better protection with the new site, reducing the likelihood of cyber breaches for insurers by 10 times compared to the national average.

 

In response to the launch, Intersys Managing Director Matthew Geyman stated, "Insurers understand risk better than most, yet they themselves are prime targets for cyberattacks." The startling finding that 50% of UK organizations have experienced security breaches highlights how urgently proactive risk management in the cyberspace is needed. Intersys' track record of successfully lowering cyber breaches for our clients attests to the efficacy of our strategy. We are a dependable partner with extensive knowledge of the particular difficulties faced by the insurance sector; we are not simply another IT business.

 

"Our understanding of the insurance world, combined with our longstanding ISO 27001 certification and our laser focus on security, positions us uniquely to support insurers," said Catherine Geyman, Director of Enterprise Risk Management at Intersys. In order to effectively manage risk in the face of the growing variety of cyber dangers facing the business, insurers must take a comprehensive strategy. By incorporating cyber risk into larger enterprise risk plans, we assist our clients in safeguarding their business operations and constructing the adaptability required to face new obstacles. Technology is changing the market quickly, so it's critical to have partners that know where you've been from and where you're going. With the establishment of our new London base, we look forward to providing further assistance to the insurance industry.

Leave a Comment
logo-img Fintech Newz

All Rights Reserved © 2024 Fintech Newz