Menora Mivtachim is a leading insurance carrier in Israel, pioneering the SME cyber insurance market.
As cyber insurance becomes more popular, insurers need to quickly develop programs and products for selling cyber insurance at scale. In order to achieve this, insurers need to be able to quantify cyber risk of a potential insured, price a policy and issue the policy with an option to automatically complete a purchase.
"Our goal was to build the world’s first end-to-end platform for purchasing cyber insurance on the spot. With Kovrr’s technology as our backend, Menora provides customers the ability to get an instant quote and purchase cyber insurance online. -Michal Shlomo CPA, Special Risk Dept. Manager
Menora chose Kovrr to provide an end to end platform in which potential interested clients can answer a minimal number of questions regarding their business. The potential customer is then assessed by Kovrr’s technology for their security resilience and pushed into adaptive risk categories mapped to pricing models. The customer is automatically offered a quote and can purchase the policy on the spot.