Helvetia Group has partnered with insurtech Coinnect to adopt its advanced Cyber Insurtech platform, enhancing cyber risk underwriting and helping clients manage cyber risks. The partnership uses AI for risk assessment and monitoring, improving security and insurance for proactive clients.
By the end of the year, Helvetia Switzerland will begin using Coinnect’s platform to evaluate the cyber risks of its clients and prospects.
The platform integrates advanced cyber intelligence data and AI, providing technical insights that support Helvetia’s underwriting process. Clients will also benefit from a one-time vulnerability assessment free of charge, adding value to Helvetia’s offerings.
Beyond evaluation, Helvetia customers will access Coinnect’s in-depth cyber risk assessment and risk mitigation services. These services include continuous monitoring, significantly improving clients’ security posture. This proactive approach helps clients strengthen cyber risk management, boosting their overall operational resilience.
We collect and analyze advanced intelligence on ransomware, vulnerabilities, exfiltrated credentials, infected assets, data breaches, lookalike domains, and more. Our data is a critical component of our platform and APIs.
Massimiliano Rijllo, CEO of Coinnect
Coinnect’s Cyber Intelligence platform integrates proprietary data with both open and closed sources to deliver real-time insights on emerging cyber threats. This empowers businesses to proactively enhance their cybersecurity posture with the confidence and capability to effectively assess and mitigate risks.
Helvetia also offers special insurance terms for clients who subscribe to Coinnect’s extended services. These clients, who gain reduced cyber risk and improved resilience, will receive favorable insurance conditions. This initiative reflects Helvetia’s dedication to rewarding clients for effective risk management.
This partnership underscores Helvetia’s commitment to driving innovation in cyber insurance and supporting our customers in building resilience against these threats
Andrea Genini, Senior Underwriter and project manager at Helvetia
“Besides direct benefits for our customers, our collaboration with Coinnect enhances Switzerland’s overall cyber resilience as a business hub and strengthens the quality of our portfolio,” says Andrea Genini.
“Our platform equips Helvetia’s clients with improved cyber risk assessments, AI-driven insights, and risk mitigation tools. We look forward to bringing this innovative solution to the Swiss market,” adds Massimiliano Rijllo, CEO of Coinnect.
Headquartered in St. Gallen since 1858, Helvetia Group is an insurance provider with over 13,800 employees and more than 7.2 mn customers. Helvetia supports clients in seizing opportunities and minimizing risks, providing a comprehensive range of insurance, pension, and investment solutions.
Coinnect offers a cutting-edge platform for Cyber Insurers, Managed Service Providers (MSPs), enterprises, and government organizations, enabling proactive cyber risk management. The platform uses AI-driven insights and real-time monitoring to support underwriters and help policyholders reduce risk exposure effectively.
