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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal>FYI – FWIW – here are Advisen’s 2015 nominees for cyber insurance innovation in 2014 – <o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal>ACE - Loss Migitation Services: "ACE's loss mitigation services are the first of its kind in the industry. The selection of vendors available allow an insured to mitigate against breaches before an event through training, preparation and assessment with multiple options available to every type of insured."<o:p></o:p></p><p class=MsoNormal>AIG - CyberEdge: "AIG’s CyberEdge also provides insureds with RiskAnalytics’ advanced shunning service, RA IntelliShun, to protect their networks from criminal attack. RA IntelliShun is a new layer of defense that’s different from traditional network defenses — it actually prevents loss from criminal attacks, rather than simply reacting to network incursions after the fact. In the past year alone, RA IntelliShun prevented more than 1.9 billion attempted attacks on the networks of AIG insureds."<o:p></o:p></p><p class=MsoNormal>Allied World - Privacy 403 SRVS Insurance Product: "New Privacy and network security product has changed the conversation and perception of how to best prepare for and respond to breaches."<o:p></o:p></p><p class=MsoNormal>Beecher Carlson - CyberSelect™ Loss Model : "Developed by compiling cost information from the largest breaches, fees charged by breach response vendors and information derived from independent Beecher Carlson research. This combined information was then used to create the CyberSelect Loss Model which can aid in estimating the impact of each input in mega-breach events."<o:p></o:p></p><p class=MsoNormal>Bitcoin - BitGo Theft Coverage: "Designed for BitGo, by XL Group and Innovation Insurance Group - this first of its kind coverage protects BitGo customers who opt-in to the program which protects them from acts, errors, or omissions of BitGo technology, processes, and employees, including external hacking incidents and employee theft. Both hot wallets and cold storage are eligible for coverage in the policy."<o:p></o:p></p><p class=MsoNormal>BitSight - Security Ratings for Cyber Insurance: "Through it’s innovative product, BitSight Security Rating for Cyber Insurance, BitSight is helping insurance carriers, reinsurers and brokers address the challenges of measuring security risk in the enterprise. The BitSight Security Ratings platform gathers information continuously and objectively about the security performance of insureds and applicants. With this solution, insurers are able to seamlessly identify and measure the risk associated with underwriting cyber liability. This automated service analyzes, rates, and monitors security performance, all from outside the company being rated, eliminating subjectivity and expanding visibility through continuous monitoring. Through the actionable information that BitSight Security Rating for Cyber Insurance provides, insurers can improve underwriting effectiveness, reduce claims costs and provide specific security performance data to their clients."<o:p></o:p></p><p class=MsoNormal>Marsh - Cyber Ideal: "Cyber Ideal for being the first privacy modeling tool to bring true analytic discipline to the task. Cyber Ideal uses stochastic modeling and Monte Carlo simulation to provide clients with insight into the real costs of a privacy breach."<o:p></o:p></p><p class=MsoNormal>RiskAnalytics: "RiskAnalytics provides us with a comprehensive CyberSecurity solution that addresses our end user training assignements, and management as well as a good policy and procedures management capabilities. We also use their Autoshuning solution which has proven a good addition to our border security environment."<o:p></o:p></p><p class=MsoNormal>Safeonline: "Creating cyber vertical products for lawyers, FI's and assisted living facilities with an online system. Build bespoke online solution to deliver Cyber insurance products to specific industry sectors. Streamlined process and enhanced service delivery."<o:p></o:p></p><p class=MsoNormal>Verizon Communications - Dave Cammarata, Danielle Roth and Josh Dean: "Verizon's risk management department is at the cutting edge in it's approach to risk management. RM is fully a part of the IT security, legal, Business Enterprise Solution teams so that insurance solutions keep pace with emerging cyber risks."<o:p></o:p></p><p class=MsoNormal>William Gallagher Associates' - Cyber Risk Hub.com: "An open-source knowledge platform launched in Q1 2015 that allows thought leaders from across the insurance industry to share information related to cyber security, data breaches, and privacy."<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>