8 Years of Data: How Gothaer & cysmo® Digitized Cyber Insurance Before It Became a Trend

HAMBURG, Germany - July 2, 2025 - PRLog -- Digital Underwriting Before It Became a Hype

"What many celebrate today as innovation began for us back in 2017," says Oliver Schulze, Head of Cyber at Gothaer. "With cysmo, we were able from the start to make risks visible that were previously hidden – and to do so in an automated, scalable way for companies of all sizes."

Since then, the results from the cysmo platform have systematically flowed into Gothaer's underwriting. The data collected is not only assessed but also correlated with actual claims histories – a practice of high value.

From Score to Claim – and Back Again

Jonas Schwade, CEO of cysmo, emphasizes: "Over the years, we've seen with Gothaer how precisely outside-in data can be used in underwriting – not just for risk selection, but also for loss prevention."

The results speak for themselves: significantly improved risk differentiation, clear patterns in claims development, and a data-driven approach that can now be considered best practice.

"Gothaer had the courage back then to rely on real-time digital data – long before the market was ready for it," adds Schwade. "Today, many MGAs (Managing General Agents) and insurers are looking for exactly this combination of experience, substance, and speed."

From Germany to the World – A Model That Sets the Standard

The long-standing collaboration between Gothaer and cysmo is not only proof of innovation but also a reference model for the industry: how to make cyber risks visible, digitize underwriting, and systematically reduce potential claims – this can not only be shown but proven.

Hannah Groß, Chief Digital Officer at cysmo: "We're proud that cysmo is now used by international insurers – but we never forget where our foundation lies: with partners like Gothaer, who understood early on what truly matters in cyber underwriting."

About cysmo
https://www.cysmo.eu

About BarmeniaGothaer
The BarmeniaGothaer Group, with around eight million customers, 7,500 employees, and premium income of approximately €8.6 billion, ranks among the top 10 insurers in Germany and is one of the largest mutual insurance associations.