Pen Underwriting, a subsidiary of Arthur J Gallagher, has introduced Pen Protect, an “improved” cyber risk management platform. 

The platform, according to the company, is designed to offer “enhanced” risk management tools for global cyber policyholders.  

The platform will be issued as standard with all cyber policies from 1 June 2025, for both new and renewing policyholders. 

It aims to enhance companies’ defences against cybercrime, reduce the risk of data breaches and address the prevalent issue of human error in cybersecurity. 

Exclusive to Pen’s insured clients via broker partners, it integrates technological services with cybersecurity consultancy expertise to tackle vulnerabilities within organisations’ cyber infrastructure. 

The platform’s features encompass vulnerability scans, risk identification, and immediate steps for remediation and threat intelligence feeds that offer insights into cyber threats. 

Additionally, an email protection plug-in and multi-channel phishing simulations are part of the platform’s preventive measures, supported by AI-driven cybersecurity and professional oversight. 

For brokers, Pen Protect provides tools for portfolio analysis and notification, utilising Pen’s aggregated data to identify common cybersecurity issues and emerging threats.  

Furthermore, the platform includes pre-bind vulnerability scans, generating client-specific reports that can be attached to Pen cyber insurance quotes.  

These reports assist brokers in explaining security vulnerabilities to clients and advising on appropriate countermeasures, the company added.  

Pen Cyber head Ian Summerfield said: “Our aim in enhancing Pen’s risk management offering is twofold. First, to help brokers win and retain business by offering their clients tailored risk solutions they can’t get elsewhere, whose benefits can easily and persuasively be demonstrated.  

“Second, to proactively help insureds identify, address and reduce their exposure to cyber risk and avoid the business cost, disruption or even paralysis that all too easily flow from a successful cyber incident. 
 
“Our previous risk management suite was powerful; Pen Protect could prove a real game-changer for insureds and brokers alike.” 
 
Pen Underwriting offers cyber insurance to small and medium-sized enterprises and large corporates in the UK, US, Canada, Australia and New Zealand, with plans to extend its services to additional regions.  

In February, the company expanded its marine insurance offerings to cover US ports and terminals.