Alongside this launch, the company has established a new entity, DUAL Cyber Prevention and Response (DUAL CPR), offering customised incident prevention and management solutions. DUAL says that the initiative aims to bridge the gap between traditional cyber insurance and managed security services.
The product is developed in partnership with technology providers Silverfort and Cynet, delivering an integrated solution that simplifies risk assessment processes for businesses. DUAL says that with the product, standard small and medium enterprises (SMEs) will no longer require traditional cyber risk questionnaires, while complex accounts will face fewer underwriting questions.
The product includes Silverfort's identity security technology and Cynet's All-in-One Cybersecurity Platform, which provides endpoint protection, network analytics, and user behaviour monitoring.
DUAL Europe highlights that the solution addresses the challenges SMEs face in implementing adequate cybersecurity measures. Research indicates that 75% of SMEs are without cyber insurance, often due to the cost and complexity of deploying effective cybersecurity systems.
By incorporating advanced prevention tools, the new product aims to reduce both the likelihood and impact of cyber losses, making coverage accessible to previously uninsurable businesses.
Read More: DUAL Europe launches A&H business
Ali Khodabakhsh (pictured above), head of cyber at DUAL Europe and managing director of DUAL CPR, stated that the solution provides clients with comprehensive risk management.
“By integrating insurance with advanced cybersecurity tools like Identity Threat Detection and Response, Identity Security Posture Management, non-human identity security, and Endpoint Detection and Response, we’re helping previously uninsurable companies become insurable. DUAL Cyber Active Protect isn’t just an insurance policy – it’s a holistic solution for cyber resilience. By removing barriers like lengthy questionnaires and offering proactive protection, we’re significantly enhancing risk quality and setting a new standard in the industry,” Khodabakhsh said.
He added that the solution is particularly beneficial for first-time buyers and SMEs that lack sufficient cybersecurity standards.
What are your thoughts on this story? Please feel free to share your comments below.
.jpg)
