How Insurers Evaluate Cyber Risk

Executive summary: This article reviews Arctic Wolf and SC Media survey findings and broader industry data to explain how cyber insurers categorize organizational risk into basic, premium, and elite profiles. It outlines factors insurers evaluate (attack surface, industry, controls), common security controls insurers require (MFA, backups, monitoring, PAM, vulnerability management), and practical steps organizations can take to improve their cyber insurance eligibility and premiums.