Resilience expands cyber capacity with Accredited partnership

By Mia MacGregor

April 8 - (The Insurer) - Cyber insurtech MGA Resilience has partnered with global fronting carrier Accredited Insurance to expand capacity for its cyber risk solutions to serve large enterprises with revenues exceeding $10 billion.

The expanded underwriting authority will give broker partners greater flexibility in addressing complex cyber exposures, the company said.

The Accredited partnership is supported by a panel of global cyber reinsurers.

Resilience’s cyber risk solutions include in-house claims handling, a risk operations centre that evaluates clients’ first- and third-party risks, and a cyber decision platform designed to help CISOs, CFOs and risk managers quantify, communicate, and manage cyber risk.

"With this expansion of our capacity, our broker partners can now offer Resilience as an option for large accounts in their portfolio, expanding their options to serve clients' most complex cyber risks,” said George Kotsiopoulos, president of insurance at Resilience.

Resilience CEO Vishaal "V8" Hariprasad told Cyber Risk Insurer in January that the company was looking to expand its offering to clients with more than $10 billion in revenue, as well expanding the capacity it offers to $20 million from $10 million.