AUSTIN, TX – CrowdStrike (Nasdaq: CRWD) today unveiled Falcon for Insurability, a new program allowing cyber insurers to provide organizations with industry-leading cyber protection from the AI-native CrowdStrike Falcon® cybersecurity platform at preferred rates. With Falcon for Insurability, insurers including AXA XL, Beazley, Berkley Cyber Risk Solutions, Coalition and Resilience reduce underwriting risk knowing that insured organizations have best-in-class cyber protection from the Falcon platform to improve cyber resilience and stop breaches.
The persistence and sophistication of cyber attacks continue to create cyber risk underwriting challenges: more organizations are having to decide between paying higher premiums, receiving reduced coverage, and rationalizing their cybersecurity spend. Carriers are requiring companies to have advanced cyber defenses to qualify for policies, excluding many from obtaining coverage. Falcon for Insurability allows carriers to provide the world’s most advanced AI-powered protection at preferred rates. With the Falcon platform, organizations can detect 96% more threats in half the time compared to other vendors, and conduct investigations 66% faster — significantly improving their ability to stop breaches. This reduces cyber risk for companies and underwriting risk for carriers, allowing more businesses to obtain coverage while increasing their cyberdefenses.
“As cybersecurity’s leader, CrowdStrike understands the nuances of cyber insurance, and we have a team dedicated to working with the cyber insurance community. Our AI-native cybersecurity platform is increasingly important not only to the security of the organization, but also its insurability,” said Daniel Bernard, chief business officer at CrowdStrike. “Falcon for Insurability empowers boards of directors and cyber leaders to take a more active role overseeing and comprehensively addressing a risk to resilience journey.”
