Pen Underwriting Launches Enhanced Cyber Risk Management Platform 'Pen Protect'

Strategic Insights -

Pen Underwriting has made a significant move to bolster its cyber risk management offerings by launching 'Pen Protect', an innovative platform designed to equip its cyber policyholders with a comprehensive suite of risk management tools and specialist services. As part of its commitment to enhance risk prevention, breach response, and indemnification, Pen Protect is now available exclusively to Pen insureds through its broker partners. This cutting-edge platform integrates advanced technology services and cyber security consultants to continuously identify and address vulnerabilities. With features such as daily vulnerability scans, threat intelligence feeds, inbox defender plug-ins, phishing simulations, and personalized training, Pen Protect aims to bolster companies' resilience to cybercrime and reduce their susceptibility to human error.

Key Takeaways:

  • Pen Underwriting has launched an enhanced cyber risk management platform called 'Pen Protect' to equip its cyber policyholders with a suite of risk management tools and specialist services.
  • Pen Protect features daily vulnerability scans, threat intelligence feeds, inbox defender plug-ins, phishing simulations, and personalized training to prevent human error.
  • The platform is available exclusively to Pen insureds through its broker partners and integrates technology services and cyber security consultants to continuously identify and address vulnerabilities.
  • Pen Protect aims to reduce the risk of data loss, slash susceptibility to human error, and bolster companies' resilience to cybercrime.
  • Ian Summerfield, Head of Cyber at Pen, believes that many companies underestimate their vulnerability to cybercrime and that Pen's risk management offering can help brokers win and retain business by offering tailored risk solutions.
  • Pen Underwriting provides cyber insurance for SMEs in the UK, US, Canada, Australia, and New Zealand, and large corporates predominantly domiciled in those territories.

Statistics:

  • 1 June 2025: Pen Protect becomes available for all Pen cyber policyholders renewing or incepting cover.
  • 75%: Estimated risk reduction stemming from Pen Protect's integrated threat intelligence feeds.
  • 90%: Companies that underestimate their vulnerability to cybercrime.
  • 1: In 5 companies that have suffered a cyber incident, human error is a contributing factor.

Sources:

  • "Pen Underwriting Issues the Following News Release" (May 13) - Pen Underwriting
  • [Category: Insurance, New Offerings, Cybersecurity] - Contify.com