Insurtech At - Bay is using heuristics - the ability to adjust risk - points in real time - to determine levels of cyber risk . The start - up assesses risk based on future predictions , a departure from the traditional method of determining cyber risk exposure , which usually makes use of analysing past incidents of security breaches . The company has now raised $ 500 m from a group of investors led by hedge Venture Partner . The insurtech is able to bring insurance policies to market due to its primary backer being Munich Re ’s Hartford Steam Boiler .
Insurtech At-Bay is using heuristics - the ability to adjust data-points in real time - to determine levels of cyber risk. The start-up assesses risk based on future predictions, a departure from the traditional method of determining cyber risk exposure, which usually makes use of analysing past incidents of security breaches. The firm has now raised $6m from a group of investors led by LightSpeed Venture Partner. The insurtech is able to bring insurance policies to market due to its primary backer being Munich Re’s Hartford Steam Boiler.