TechAssure and Corax announce new partnership
TechAssure, the international nonprofit association of insurance and risk management professionals for technology-related risks, today announced a new formal partnership with Corax. Based jointly in San Francisco, CA and London, UK, Corax provides data, modelling and analytics on the cyber exposure of millions of companies worldwide through its AI-enabled platform. This provides accurate cyber security insights about organizations and offers a cyber “hygiene score” to improve the cyber security profile of the organization.
“TechAssure has been focused on cyber insurance best practices for decades,” said TechAssure Executive Director, Garrett Droege. “Adding Corax as a partner increases our members’ cyber tool kits and allows them to bring greater value to clients with significant cyber exposures.”
Corax CEO, Jonathan Pope, adds “Corax is looking forward to a great partnership with TechAssure – we’re proud to be empowering their elite members with the insights they need to be at the forefront of the charge on cyber insurance. Corax provides the most accurate data and analytics to help brokers have meaningful conversations with their clients – to ensure they get the most appropriate cyber cover, and have the best buying experience.”
MORE ABOUT TECHASSURE
TechAssure is a unique consortium of risk management experts serving innovative industries, such as technology, telecommunications, life sciences, clean tech, as well as the venture capital and private equity firms that fund them. Comprised of nearly 30 specialty insurance brokerages located in most technology hubs around the world, TechAssure members collectively serve over 5,000 clients and represent over $4 Billion in premium volume. The association also produces a proprietary annual benchmarking report for the industries it serves. TechAssure is currently celebrating its 19th year.
MORE ABOUT CORAX
Corax is the world’s leading and largest source of cyber exposure data and loss analytics for insurance. Corax provides customers with enriched data, modelled loss and customized analytics on the cyber security and technology resilience of more than 10 million companies worldwide. Corax delivers this via its scalable technology platform, rich and extensive dataset, and AI-enabled probabilistic modelling. Founded in 2014 in London and San Francisco to be at the heart of insurance and technology, Corax has grown to over 200 users worldwide since being commercially available to the insurance industry in late 2017.