Bitsight's Insurance Business Reports Remarkable 30% Growth in First Half of 2025
In the competitive landscape of cyber risk intelligence, Bitsight has solidified its position as a market leader with a record 30% growth in its insurance business for the first half of fiscal year 2025. This remarkable achievement is attributed to their strategic integration with Moody's Cyber Solutions and the introduction of innovative datasets that assist in underwriting and risk management.
The integration of Bitsight Cloud Dispersion Analytics into Moody's frameworks has proven pivotal in enhancing their offerings. This integration allows for comprehensive tools that span underwriting, portfolio optimization, and management of systemic exposure, which are essential in navigating the complex world of cyber risks. As cyber threats continue to evolve, the demand for precise, actionable intelligence has never been more critical.
Moreover, Bitsight is a founding member of the Cyber Industry Steering Group (CISG) established by Moody's. This collaboration, initiated in 2023, brings together various stakeholders, including (re)insurers and brokers, to enhance the understanding of cyber risks and foster market growth. The CISG aims to address key barriers such as inconsistencies and uncertainties within the cyber insurance sector. This initiative facilitates the development of long-term strategies to improve risk analytics transparency, thereby advancing the industry's collective comprehension of cyber threats.
Dan Flemington, Managing Director of Insurance Sales at Moody's, emphasized the importance of having reliable cyber risk intelligence in today’s financial markets. He stated, "Incorporating Bitsight into our solutions helps deliver correlated data to strengthen underwriting decisions and deepen market confidence in the cyber models Moody's offers its customers, in the face of an escalating threat landscape."
Independently assessed validations showcase the effectiveness of Bitsight’s data solutions. Gallagher Re highlighted that insurers incorporating Bitsight's external scanning capabilities could more accurately identify organizations at a heightened risk of claims by up to 40%. In addition, Marsh McLennan noted significant correlations between Bitsight Security Ratings and 13 identified risk vectors, reaffirming the crucial role of accurate data in mitigating cybersecurity incidents.
Michael Hoffman, VP of Insurance and Partnerships at Bitsight, remarked on how vital it is for insurers to rely on high-quality signals for risk assessment and pricing. He stated, "Our H1 growth illustrates the industry's trust in Bitsight to provide unparalleled cyber intelligence. Our investments into data, products, and partnerships carve out a unique approach that aids insurers in reducing loss ratios, managing systemic risks, and realizing profitable growth."
In line with its leadership in the market, Bitsight has introduced several new capabilities and partnerships aimed at further strengthening its positioning in the cyber risk landscape. Among these innovations are new privacy assessments developed in collaboration with Lokker, and an expanded portfolio of cyber threat intelligence, which offers unmatched insights into the targeting of attack surface exposures by cyber threat actors.
Moreover, Bitsight has been recognized in the industry as the Cyber Technology Provider of the Year by Zywave at the Cyber Risk Awards held in June 2025. This accolade reflects Bitsight's commitment to innovation and excellence in delivering cyber risk intelligence.
Overall, Bitsight's notable growth and the integration of their cyber intelligence solutions underscore the importance of advanced analytics and proactive cyber risk management in an increasingly digital world. As cyber threats continue to rise, the insights offered by Bitsight not only empower organizations to identify vulnerabilities but also help mitigate risks effectively across their operational landscapes. With over 3,500 clients and more than 65,000 organizations utilizing their platform, Bitsight stands as a critical ally for organizations aiming to safeguard against the pervasive and evolving cyber threats they face today.
To learn more about Bitsight and their offerings, visit their official website at bitsight.com or connect with them on LinkedIn.
The integration of Bitsight Cloud Dispersion Analytics into Moody's frameworks has proven pivotal in enhancing their offerings. This integration allows for comprehensive tools that span underwriting, portfolio optimization, and management of systemic exposure, which are essential in navigating the complex world of cyber risks. As cyber threats continue to evolve, the demand for precise, actionable intelligence has never been more critical.
Moreover, Bitsight is a founding member of the Cyber Industry Steering Group (CISG) established by Moody's. This collaboration, initiated in 2023, brings together various stakeholders, including (re)insurers and brokers, to enhance the understanding of cyber risks and foster market growth. The CISG aims to address key barriers such as inconsistencies and uncertainties within the cyber insurance sector. This initiative facilitates the development of long-term strategies to improve risk analytics transparency, thereby advancing the industry's collective comprehension of cyber threats.
Dan Flemington, Managing Director of Insurance Sales at Moody's, emphasized the importance of having reliable cyber risk intelligence in today’s financial markets. He stated, "Incorporating Bitsight into our solutions helps deliver correlated data to strengthen underwriting decisions and deepen market confidence in the cyber models Moody's offers its customers, in the face of an escalating threat landscape."
Independently assessed validations showcase the effectiveness of Bitsight’s data solutions. Gallagher Re highlighted that insurers incorporating Bitsight's external scanning capabilities could more accurately identify organizations at a heightened risk of claims by up to 40%. In addition, Marsh McLennan noted significant correlations between Bitsight Security Ratings and 13 identified risk vectors, reaffirming the crucial role of accurate data in mitigating cybersecurity incidents.
Michael Hoffman, VP of Insurance and Partnerships at Bitsight, remarked on how vital it is for insurers to rely on high-quality signals for risk assessment and pricing. He stated, "Our H1 growth illustrates the industry's trust in Bitsight to provide unparalleled cyber intelligence. Our investments into data, products, and partnerships carve out a unique approach that aids insurers in reducing loss ratios, managing systemic risks, and realizing profitable growth."
In line with its leadership in the market, Bitsight has introduced several new capabilities and partnerships aimed at further strengthening its positioning in the cyber risk landscape. Among these innovations are new privacy assessments developed in collaboration with Lokker, and an expanded portfolio of cyber threat intelligence, which offers unmatched insights into the targeting of attack surface exposures by cyber threat actors.
Moreover, Bitsight has been recognized in the industry as the Cyber Technology Provider of the Year by Zywave at the Cyber Risk Awards held in June 2025. This accolade reflects Bitsight's commitment to innovation and excellence in delivering cyber risk intelligence.
Overall, Bitsight's notable growth and the integration of their cyber intelligence solutions underscore the importance of advanced analytics and proactive cyber risk management in an increasingly digital world. As cyber threats continue to rise, the insights offered by Bitsight not only empower organizations to identify vulnerabilities but also help mitigate risks effectively across their operational landscapes. With over 3,500 clients and more than 65,000 organizations utilizing their platform, Bitsight stands as a critical ally for organizations aiming to safeguard against the pervasive and evolving cyber threats they face today.
To learn more about Bitsight and their offerings, visit their official website at bitsight.com or connect with them on LinkedIn.
Topics Business Technology）
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