KENNESAW, GA, July 11, 2024 — AdvantageGo, a leading commercial insurance and reinsurance software provider, part of Coforge, has announced a strategic alliance with FortifyData, a pioneer in automated cyber risk management.  

This collaboration marks a significant breakthrough in the cyber insurance industry, as the two companies combine their expertise to deliver more accurate and comprehensive cyber risk scoring for insurers. Through this partnership, AdvantageGo’s Underwriting Workbench will integrate FortifyData’s advanced cyber risk ratings and monitoring capabilities. This integration will enable AdvantageGo’s clients to access real-time, granular insights into the cyber risk profiles of their policyholders and potential customers.  

The AdvantageGo Underwriting Workbench, will serve as the hub for integrating, transforming, and analyzing data from various sources, including FortifyData’s cyber risk assessments. This will allow insurers to make more informed underwriting decisions, price policies more accurately, and proactively manage their cyber risk exposure.  

“It’s great news to announce this latest AdvantageGo Ecosystem partnership with FortifyData. Their threat analysis and mitigations insight provides a strong rationale to support the cyber underwriter’s risk and pricing decision-making process,” commented Ian Summers, Global Business Leader, AdvantageGo.  

“The cyber security ratings provided by FortifyData are a best-of-breed insight for risk selection, pricing, as well as security and compliance control deficiencies. Furthermore, by integrating with other data inputs offered through our cyber Underwriting workbench, they offer cyber underwriters something greater than the sum of its parts,” Summers continued. 

FortifyData’s cyber risk ratings and monitoring services will be seamlessly integrated into AdvantageGo’s suite of products, including its Underwriting, Exposure Management, and Event Response capabilities. This will allow insurers to assess their exposure to cyber risks, make optimal risk selections, and accurately reflect the perceived financial damage within the event footprint.  

“It is exciting to be at the forefront with this shift in the insurance industry, where insurance providers are looking for more thorough and complete assessment data to help with better underwriting. I am looking forward to the industry adopting similar approaches as they look to better understand their risks, comprehensively, to reduce their own liability exposures.” said a spokesperson from FortifyData. “By combining our cyber risk expertise with AdvantageGo’s robust insurance ecosystem, we are poised to deliver a transformative solution that will redefine how the industry approaches cyber risk assessment and management.” This partnership between AdvantageGo and FortifyData represents a significant step forward in the cyber insurance industry, providing insurers with the tools and insights they need to navigate the complex and rapidly evolving cyber risk landscape. 

This joint news announcement is a cross post from AdvantageGo.