Citalid Named Finalist for Cyber Insurtech Scale-Up of the Year at Cyber Insurance Awards Europe 2025
Paris, France – November 7, 2024 – Citalid is proud to announce its selection as a finalist for the Cyber Insurtech Scale-Up of the Year award at the prestigious Cyber Insurance Awards Europe 2025. This recognition underscores Citalid’s leadership in cyber insurance innovation, driven by its new, industry-changing platform named PRISMA. Built specifically for portfolio holders such as insurers, brokers and reinsurers, PRISMA redefines how cyber risk is assessed, managed, and underwritten, empowering the industry to confidently navigate the evolving cyber threat landscape and achieve sustainable growth.
Organized by Intelligent Insurer, the Cyber Insurance Awards Europe celebrates groundbreaking advancements within the European cyber insurance market, recognizing companies that are setting new standards in risk management and innovation. Winners will be announced on February 5, 2025, at London’s Grand Connaught Rooms.
Citalid’s PRISMA: A Purpose-Built Platform for Insurers’ Success
Citalid’s PRISMA platform is a next-generation cyber underwriting solution, uniquely tailored to the needs of insurers. It addresses the core challenges of assessing cyber risk in a rapidly shifting threat environment by delivering precise, data-driven insights and advanced predictive analytics. By bridging the gap between artificial intelligence (AI) and deep sector expertise, PRISMA empowers insurers to manage risk accurately, confidently, and profitably, driving growth and resilience within their portfolios.
Supported by leaders across the insurance, reinsurance, and brokerage sectors, Citalid has quickly established the PRISMA platform as an invaluable asset to the industry. With its insurance-driven approach, Citalid enables insurers to thrive in the competitive cyber market while maintaining robust control over risk exposure and underwriting precision.
Why is Citalid’s PRISMA a Game-Changer for Cyber Insurance
Reducing Cyber Risk Uncertainty for Insurers
PRISMA tackles the inherent uncertainty in cyber risk underwriting by combining Citalid’s AI-driven analytics with insights from cyber threat intelligence, data science, and actuarial expertise. This unique fusion delivers real-time, actionable risk assessments, giving insurers the confidence to make precise, informed underwriting decisions.
Continuous, Dynamic Monitoring
Traditional cyber risk models often fail to adapt to evolving threats. Citalid solves this by providing continuous monitoring of each client’s cyber risk profile throughout the policy lifecycle, from initial underwriting to renewal. With ongoing, real-time updates, insurers are equipped to adjust risk management strategies proactively, ensuring better alignment with the latest risk conditions.
Data-Driven, Comparative Metrics
Citalid’s robust data framework offers underwriters objective, comparable insights into a client’s cyber resilience, transforming the way risk is assessed and policies are priced. This ability to differentiate based on quantifiable metrics eliminates guesswork, leading to greater accuracy and transparency in pricing.
Facilitating Growth Without Compromising Risk Control
Built to support portfolio growth, PRISMA provides insurers with the tools to expand confidently while maintaining rigorous risk controls. By offering real-time threat intelligence and advanced algorithms, the platform enables scalable, profitable underwriting strategies without sacrificing quality or increasing risk exposure.
Future-Proofed Against Emerging Threats
In a constantly evolving cyber threat landscape, insurers need a solution that keeps them one step ahead. Citalid’s predictive analytics empower insurers to anticipate and respond to emerging threats, making it an essential tool for long-term success and resilience.
“We are honored to be a finalist for Cyber Insurtech Scale-Up of the Year,” said Maxime Cartan, Co-Founder & CEO of Citalid. “PRISMA embodies Citalid’s ambition to scale across the insurance global market by offering a portfolio-centric solution that not only addresses the unique challenges of cyber underwriting but also drives portfolio growth for insurers, brokers and resinsurers. This nomination validates PRISMA’s value as a game-changing platform for the cyber insurance industry.”
Celebrate With Us at the Cyber Insurance Awards Europe 2025
The Cyber Insurance Awards Europe 2025 will celebrate the industry’s leading innovators, and Citalid is thrilled to be recognized among the top contenders. For more information on the full list of finalists, visit here.
Follow Citalid’s Journey
Stay updated with Citalid’s latest announcements by following us on LinkedIn. Join the conversation with #CyberInsuranceAwardsEU to celebrate our journey toward transforming cyber risk underwriting.
