Insurance broker and risk management firm Marsh and FireEye Inc., a cyber-security company, have announced a collaboration to offer Marsh Cyber OASIS, which is designed to offer an objective evaluation of customers’ ability to detect and respond to cyber-attacks, and the strength of their technical infrastructure.
“Large data breaches have led to pricing and capacity volatility in the cyber insurance market, especially in the retail and health care sectors,” said Thomas Reagan, Marsh’s cyber practice leader. “Although companies are spending millions of dollars on cyber-security controls and capabilities, the effectiveness of these investments is not always clear to underwriters. Through our collaboration with FireEye, we can help clients provide the objective and more detailed information that will help insurance markets to better understand their risk profile.”
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