ENGAIZ launches OPEN3PRX™ for Cyber Insurance to assist insurers and brokers in their underwriting and sales enablement.
TORONTO, Canada, Jan. 31, 2023 (GLOBE NEWSWIRE) —
a North American technology startup with offices in Toronto, New York and Bangalore today announced the launch of its cyber insurance solution for insurers and brokers to help them gain insurance confidence, monitor the insurance portfolio and improve the overall risk posture.
With cyber attacks on the rise, businesses need cyber insurance more than ever to protect them from financial loss. On the other hand, insurers and brokers must find more innovative ways to evaluate and continuously monitor their insured portfolio.
Recent pandemics and global events have led to a significant increase in cyber attacks, placing enormous stress on companies. Both the insurer and the insured must work closely together to reduce cyber risks.
says Jai Chinakonda, Founder and CEO of ENGAIZ. He further added “
OPEN3PRX™ for Cyber Insurance provides the necessary tools to help insurers, brokers and insureds jointly reduce risk.
The ENGAIZ solution is widely available to North American underwriters and brokers. In India, ENGAIZ recently signed a strategic partnership with Raghnall Insurance Broking & Risk Management. Raghnall is India’s leading insurance broking and risk advisory company and prepares the best personal and corporate cyber insurance in the market from leading insurance companies.
We are excited to announce our partnership with ENGAIZ
to strengthen our cyber insurance offering
. With this partnership, businesses can now rest easy knowing that their cybersecurity is constantly being monitored and any vulnerabilities are being addressed in real-time. Together, we are committed to helping businesses protect their assets and protect their reputations.
says Amit Goel, Chief Officer and Director at Raghnall Insurance Broking & Risk Management.
From providing risk intelligence, automated risk assessments, helping insured companies improve their risk posture, OPEN3PRX™ provides organizations with the most comprehensive risk management solution.
For a limited time, insurers and brokers will be able to subscribe to OPEN3PRX™ and take advantage of special discounts. ENGAIZ OPEN3PRX™ offers the following solutions.
– OPEN3PRX™ for Cyber Insurance – For insurers, brokers and insureds.
– OPEN3PRX™ for risk intelligence and monitoring – Analyzes over 100 data elements and provides a comprehensive report on businesses in 195 countries.
– OPEN3PRX™ for Third Party Risk – A fully automated and cost-effective third party risk management solution for any size organization.
– OPEN3PRX™ for Certifications – For technology startups, SMEs looking to improve their risk posture, comply with industry regulations or standards and fast track to SOC 2 or ISO 27001 certification.
About ENGAIZ Inc.
ENGAIZ is a proud technology startup that firmly believes that effective human-led engagement powered by AI-driven technologies can help businesses build lasting and mutually beneficial relationships with their third parties.
From providing risk information, automated risk assessment, helping third parties improve their risk posture to promoting sustainability goals, OPEN3PRX™ provides organizations with the most comprehensive third party risk management solution.
Learn more at
Jai Chinakonda, Founder and CEO
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