SAN FRANCISCO–(BUSINESS WIRE)–Paladin Cyber, a number one full-stack cyber safety and insurance coverage platform, right now introduced that it has modified its company identify to Upfort, reflecting its expanded capabilities amid unprecedented firm development and market demand. Upfort additionally introduced two senior hires, Jeremy Wieber and Matthew Leanza, to advance its strategic initiatives and spearhead the corporate’s partnership-centric strategy towards serving to firms develop cyber resilience.
Upfort will proceed to supply the identical providers as Paladin Cyber and in addition broaden its suite of choices, shifting from solely specializing in cyber assault prevention to taking a extra encompassing strategy to constructing cyber resilience. When the corporate initially launched in 2017, it prioritized the event and supply of a SaaS cybersecurity answer to small-to-medium enterprises. Since then, it has additionally created a turnkey platform to run cyber insurance coverage applications powered by automated underwriting. The corporate will mix these efforts below the Upfort platform.
“We’re thrilled to introduce Upfort, constructing upon our successes and choices to carry AI-powered options to insurers and brokers that may remodel the best way cyber insurance coverage is underwritten and bought,” stated Xing Xin, CEO and Co-Founder. “Upfort, previously referred to as Paladin Cyber, represents our dedication to accelerating the world’s journey to cyber resilience, and we’re excited to welcome two trade veterans to drive our partnership-led strategy.”
Now, Upfort is working alongside insurers and brokers to streamline the cyber insurance coverage underwriting course of. Along with conducting automated threat assessments, Upfort offers lively steerage and safety options to make sure candidates acquire complete cyber insurance coverage insurance policies with out trouble.
Already, Upfort has yielded significant outcomes for companies searching for cyber threat safety. In a current 18-month examine of actual claims, Upfort has seen organizations that absolutely carried out Upfort Defend, its cybersecurity answer, file claims at 1/fifth the speed of those that didn’t – all whereas not submitting a single ransomware or wire switch fraud declare, two of the main declare sorts.
Upfort’s expanded capabilities empower all stakeholders throughout the cyber threat ecosystem – together with brokers, insurers, MSPs, and different threat managers – to guard companies towards cyber threats and develop cyber resilience. By bridging the hole between insurance coverage underwriting and cybersecurity, brokers can guarantee purchasers meet underwriting requirements by automation, handle threat mitigation with turnkey safety, and enhance renewal retention with broader providers. Upfort’s companions can leverage its proprietary underwriting expertise to effectively deploy threat administration options with embedded insurance coverage to giant populations of purchasers, distributors, franchisees, and extra.
The brand new executives – Jeremy Wieber and Matthew Leanza – carry a long time of experience to the rising Upfort crew. Wieber joins Upfort as Head of Strategic Partnerships, leveraging greater than 13 years of expertise inside the insurance coverage trade, together with most just lately with Farmers Insurance coverage, the place he was the Government Director of Strategic Distribution and Partnerships.
Leanza joins Upfort as Head of Enterprise Improvement drawing on vital experience in insurance coverage, enterprise improvement, constructing new groups, and offering stellar experiences for companions & clients. Most just lately, Leanza was the Vice President of Distribution at Swiss Re Company Options.
“We’re proud to welcome Jeremy and Matthew to the Upfort crew as we step right into a way forward for continued development and Upfort helps many extra firms notice cyber resilience,” stated Josh Riley, Managing Director and Co-Founder.
To be taught extra about Upfort, go to upfort.com.
Upfort is a number one platform for cyber safety and insurance coverage that gives holistic safety from evolving cyber threats. Based in 2017 to increase international entry to cyber resilience, Upfort makes cyber threat simple to handle and easy to insure. Upfort delivers turnkey safety confirmed to proactively mitigate threat and complete cyber insurance coverage from main insurers. With proprietary information and clever automation, Upfort’s AI anticipates threat and streamlines mitigation for hassle-free underwriting. Insurers, brokers, and threat advisors associate with Upfort to supply purchasers resilience and peace of thoughts towards cyber threats. To be taught extra about Upfort, go to upfort.com.