Qualys and Converge Partner to Enhance Cyber Insurance Offerings
Severity: Low (Score: 24.9)
Sources: Markets.Ft, Streetinsider, Prnewswire, edge.prnewswire.com, Investing
Summary
On May 5, 2026, Qualys, Inc. announced a partnership with Converge to provide reduced cyber insurance premiums for organizations demonstrating strong cybersecurity practices. This collaboration introduces the Qualys Converge Connect Insurance Report (CCIR), which uses automated data from Qualys' Enterprise TruRisk Management (ETM) to verify security controls like vulnerability and patch management. The CCIR aims to streamline the insurance application process, moving away from manual questionnaires that are often inaccurate. By offering real-time insights into an organization's security posture, the report allows for more accurate premium pricing based on actual risk levels. This initiative addresses the challenges of traditional cyber insurance, which struggles to assess risk amid rising cyber threats. The report will include metrics on risk reduction, compliance rates, and remediation velocity, incentivizing organizations to improve their cybersecurity hygiene. Qualys serves over 10,000 customers globally, and this new offering is expected to enhance their value proposition in the cybersecurity market. Key Points: • Qualys and Converge launched a partnership to reduce cyber insurance premiums. • The Qualys Converge Connect Insurance Report automates security assessments. • Organizations can benefit from lower premiums by demonstrating strong cybersecurity practices.
Key Entities
- Data Breach (attack_type)
- Ransomware (attack_type)
- Supply Chain Attack (attack_type)
- investing.com (domain)
- qualys.com (domain)