Envelop Risk launches Envelop Risk Solutions to enhance cyber re/insurance capabilities

Envelop Risk, a firm specialising in cyber reinsurance and analytics, has unveiled its new services division, Envelop Risk Solutions.

This new arm is designed to provide comprehensive support to insurers and reinsurers aiming to enhance their cyber capabilities.

Envelop Risk Solutions will utilise Envelop’s Augmented Underwriting approach, which merges advanced data enrichment and artificial intelligence with thorough underwriting and capital management practices.

The current projects within Envelop Risk Solutions cover a wide range, from helping clients develop a cyber program from the ground up to assisting international reinsurers with scaling operations.

Their support includes technical assistance and advisory services across various areas such as cyber underwriting strategy, cyber and scenario modelling, capital metrics, market analytics, new product development, threat intelligence, automation of reinsurance operations, and global cyber risk forecasting.

Paul Guthrie, Co-founder of Envelop, will temporarily lead this division. Before joining Envelop Risk, Guthrie managed artificial intelligence and technology integration projects for major global investment banks, asset managers, aerospace and defence firms, and NASA.

Jonathan Spry, Envelop co-founder and CEO, commented: “Envelop was founded to enable sustainable industry growth through the intelligent application of advanced analytics technology to best practices in capital management and underwriting. Cyber remains a growing and potentially very profitable area but it requires specialisation to accept risks safely.

“We offer our capital partners the most detailed and rigorous assessment of their cyber portfolios in the industry. With a view to increasing the resiliency of the global cyber market, it’s a pleasure to open our tool kit to help our industry partners, large and small, hit their strategic targets.”

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