In a significant move to enhance cybersecurity measures and reduce associated insurance costs, Microsoft has partnered with Antigen Security to offer substantial savings on cyber liability insurance premiums. This collaboration enables organizations utilizing Microsoft 365 E3/E5 Security and Microsoft Azure Security solutions to achieve annual premium reductions ranging from 20% to 60% (streetinsider.com).
Antigen Security, recognized as one of Microsoft's Top 150 Managed Partners, brings its expertise in cyber risk management to this partnership. By integrating Microsoft's advanced security tools into their Actuarial Cyber Intelligence Program, Antigen provides over 150 global insurance companies with quarterly data to support underwriting, actuarial assessments, and claims processing. This integration underscores the effectiveness of Microsoft's security solutions in mitigating cyber threats, thereby justifying the significant insurance premium discounts offered to customers (antigensecurity.com).
The partnership also emphasizes a standards-aligned risk management approach, ensuring that organizations not only benefit from reduced insurance costs but also enhance their overall security posture. Antigen's "Resilience by Design" framework aligns with industry-leading standards, addressing compliance and regulatory requirements while fortifying defenses against cyber incidents (streetinsider.com).
This collaboration reflects a broader trend in the cybersecurity landscape, where integrating robust security measures with financial incentives like reduced insurance premiums encourages organizations to adopt comprehensive security strategies. By leveraging Microsoft's security ecosystem and Antigen's actuarial expertise, businesses can achieve both enhanced protection and significant cost savings, marking a pivotal advancement in proactive cyber risk management.
Source: Insider Monkey Microsoft, Antigen Security Partner to Cut Cyber Insurance Costs