Great American Insurance Group Launches Innovative Cyber Risk Management Platform for Policyholders

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Great American Insurance Group Launches Innovative Cyber Risk Management Platform for Policyholders-01

Great American Insurance Group recently launched EagleEye℠ by Great American, a powerful cyber risk management platform that combines the National Institute of Standards and Technology (NIST) driven, inside-out review of an organization’s cyber security posture with insights from continuous, external vulnerability scans and best-in-class cyber security ratings from SecurityScorecard.

EagleEye, a collaboration between Great American’s Enterprise Information Security Group and its Cyber Risk operations, is designed by IT professionals, for IT professionals to leverage the power of the NIST Cybersecurity Framework and bring the resources and insights of a Fortune 500 company to the small and medium enterprise marketplace for cyber risk insurance. “The foundations of this platform were built with the assistance of the University of Cincinnati Information Technology Solutions Center as our Great American team assessed the maturity of our own IT organization and identified the best way to manage the risks we face,” said JD Rogers, Chief Information Security Officer of Great American’s parent company, American Financial Group. “The tools we developed became an invaluable system for identifying our needs, building the case for resources to implement a solution, and tracking our progress over time. It was a natural segue to share these resources with our agents and policyholders.”

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According to Betty Shepherd, Divisional Senior Vice President, Great American Cyber Risk, EagleEye is a valuable loss prevention tool for insureds. “Our policyholders often face big dollar challenges like ransomware and social engineering with very modest IT budgets,” Ms. Shepherd said. “We jumped at the opportunity to build a compelling solution for insureds. Great American was one of the early insurers to share third-party security ratings and make ongoing vulnerability scans from SecurityScorecard available to policyholders. We are proud to be innovators and pleased to combine those insights with these new tools.”

Great American has been writing cyber risk insurance since 2007 and has numerous cyber risk insurance products tailored to meet the needs of many different small and medium-sized enterprises including community banks, non-profit organizations, technology companies, schools, and municipalities. EagleEye is available to Great American Cyber Risk policyholders at EagleEye.gaig.com.

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