CISO Global brings AI to $50 Billion Insurance Market with Cyber Assurance Group Strategic Partnership to Deliver Innovative Cyber Technology and Insurance Solutions

Rhea-AI Summary

CISO Global (NASDAQ: CISO) has announced a strategic partnership with Cyber Assurance Group to launch CyberSimple, a combined cybersecurity and insurance solution targeting small and medium-sized businesses (SMBs). The offering integrates CISO's AI-powered CHECKLIGHT® endpoint detection and response platform with embedded cyber financial protection.

The partnership addresses a critical market gap where SMBs often lack adequate cyber protection due to resource constraints. The global cyber insurance market is projected to reach $50 billion by 2030, growing at a 25% CAGR. CyberSimple provides 24/7/365 protection against advanced cyber threats while offering affordable financial coverage specifically designed for SMBs.

Additionally, the partnership includes plans to develop custom cyber insurance products for enterprise clients that incorporate CISO's proprietary software and services.

Positive

• Entry into $50 billion cyber insurance market with 25% CAGR
• Strategic partnership expanding CISO's product portfolio
• New revenue stream through SMB market penetration
• Development of enterprise-level custom insurance products

Negative

• None.

Insights

Cybersecurity Industry Analyst

CISO's strategic partnership with Cyber Assurance Group creates a differentiated security+insurance bundle for the underserved SMB market with significant growth potential.

This partnership represents a strategic pivot for CISO Global that addresses a critical market gap. Small and medium-sized businesses face a cybersecurity paradox: they're increasingly targeted by sophisticated threats yet lack enterprise-grade protection resources. By bundling their CHECKLIGHT® AI-powered EDR platform with cyber insurance, CISO is creating an integrated solution that solves both the protection and risk transfer problems simultaneously.

The technical architecture here is particularly clever. CHECKLIGHT's AI capabilities provide the real-time threat detection that insurance underwriters typically require before offering coverage. This technology-first approach allows CISO to transform what would normally be an insurance barrier into a product differentiator. Most cyber insurers simply decline SMB coverage or price it prohibitively; CISO's strategy instead uses their security stack to enable affordable insurance.

The SMB market opportunity is substantial. With over 30 million small businesses in the US alone and cyber insurance penetration below 10% in this segment, the addressable market is extensive. The projected $50 billion cyber insurance market by 2030 (25% CAGR) will be increasingly driven by these underserved segments as enterprise coverage saturates.

While execution challenges remain, particularly around scaling insurance operations and managing claim ratios, this represents a potential category-creating move that could establish CISO as a pioneer in integrated cyber resilience for SMBs.

Financial Analyst

CISO's partnership creates new revenue streams by entering the high-growth cyber insurance market without significant capital investment through smart leveraging of existing technology.

This partnership strategically positions CISO to capture value in the $50 billion cyber insurance market without the regulatory capital requirements typically needed to become an insurer. By partnering with Cyber Assurance Group, CISO can monetize their CHECKLIGHT® platform in two ways: direct licensing revenue and likely participation in premium economics through a revenue-sharing arrangement.

The financial model implications are compelling. Cyber insurance typically commands 2-4% of coverage limits in annual premiums, substantially higher than traditional P&C insurance due to evolving risk profiles. For CISO, this creates a potential recurring revenue opportunity beyond their traditional cybersecurity services, improving customer lifetime value and potentially reducing acquisition costs.

What's particularly valuable is the opportunity to serve two distinct market segments with different economics:

• SMB market: High-volume, standardized product with embedded insurance and simplified underwriting
• Enterprise market: Custom solutions with higher margins and account expansion potential

This dual-market approach allows for efficient scaling while maintaining premium offerings. The partnership structure also suggests minimal upfront capital requirements for CISO, as insurance underwriting capital would likely come from Cyber Assurance Group's relationships with carriers or reinsurers.

While financial terms aren't disclosed, this type of partnership typically includes either commission-based models (10-20% of premiums) or profit-sharing arrangements, potentially creating meaningful contribution margins if significant volume is achieved.

Scottsdale, AZ, April 17, 2025 (GLOBE NEWSWIRE) -- CISO Global (NASDAQ: CISO), a leader in AI-powered cybersecurity software and compliance services, today announced a strategic partnership with Cyber Assurance Group Inc., a forward-thinking cyber insurance specialist, to launch CyberSimple, which provides cyber resilience, financial protection, and peace of mind to business owners. This first-of-its-kind offering brings together cutting-edge cybersecurity protection and meaningful financial coverage designed specifically for the underserved small and medium-sized business (SMB) market.

While large enterprises invest heavily in cybersecurity professionals and complex defense strategies, SMBs often lack the resources to implement adequate protections, leaving them disproportionately exposed to cyber risk. Cyber insurance has the potential to close that gap, but coverage is frequently inaccessible to SMBs due to inadequate defenses or high cost of coverage. CyberSimple solves this disconnect.

At the core of CyberSimple is CHECKLIGHT^®, CISO Global’s revolutionary AI-powered endpoint detection and response (EDR) platform. Delivering 24/7/365 protection, CHECKLIGHT^® proactively safeguards businesses against zero-day and other advanced cyber threats. CHECKLIGHT^® is bundled with embedded cyber financial protection that is simple, affordable, and purpose-built for SMBs.

“The global cyber insurance market is projected to surpass $50 billion by 2030, growing at a 25% CAGR,” said David Bechtel, Co-Founder of Cyber Assurance Group. “As companies face increasing cyber threats and regulatory pressures, financial protection has become a critical risk transfer tool, especially for small and mid-sized businesses. This growing demand is driving interest in integrated solutions like CyberSimple.”

“CyberSimple is a breakthrough solution for small and mid-sized businesses that want the protection of a modern cyber defense stack and the reassurance of financial coverage if something goes wrong,” said Kyle Young, Chief Operating Officer of CISO Global. “This partnership offers business owners an efficient way to sleep at night, knowing their networks are protected and their financial risk is mitigated.”

Cyber Assurance Group is also working with CISO Global to develop a portfolio of custom cyber insurance products for enterprise clients that integrate CISO’s proprietary software and services, delivering comprehensive cyber resilience at scale.

For more information about CyberSimple and how it can protect SMBs, visit CyberSimple – Cyber Assurance Group Incorporated

About CISO Global

CISO Global, Inc. (NASDAQ: CISO), headquartered in Scottsdale, Arizona, is an industry leader in AI-powered cybersecurity software, managed cybersecurity, and compliance that delivers comprehensive solutions designed to protect organizations from the latest cyber threats. The company protects the most demanding businesses and government organizations against continuing and emerging security threats and ensures their compliance obligations are being met. For more information about the company, visit ciso.inc.

About Cyber Assurance Group

Cyber Assurance Group Incorporated (CAGI) is an innovative cyber risk insurance specialist. We leverage cutting-edge technology to assess, mitigate, and insure against cyber threats, providing comprehensive, data-driven solutions.

Safe Harbor Statement

This news release contains certain statements that may be deemed to be forward-looking statements under federal securities laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements include, among others, our belief that we are an industry leader in proprietary software, managed cybersecurity, and compliance; our belief in the strategic partnership with Cyber Assurance Group and their solution, CyberSimple; our expectation that our product CHECKLIGHT^® will offer cybersecurity protection and financial coverage to the small and medium-sized business market; our belief that CHECKLIGHT offers 24/7/365 protection, safeguarding businesses against zero-day and other advanced cyber threats; our belief that the small and medium-sized business market lacks the resources to secure cyber protections, leaving them exposed to cyber risk; we expect the collaboration with Cyber Assurance Group to offer a solution to the cyber risk gap for that market; we expect Cyber Assurance Group to develop a portfolio of custom cyber insurance products for our enterprise clients; and our belief that we provide comprehensive cybersecurity solutions to our clients. These statements are often, but not always, made through the use of words or phrases such as "believes," "expects," "anticipates," "intends," "estimates," “predict,” "plan," “project,” “continuing,” “ongoing,” “potential,” “opportunity,” "will," "may," "look forward," "intend," "guidance," "future" or similar words or phrases. These statements reflect our current views, expectations, and beliefs concerning future events and are subject to substantial risks, uncertainties, and other factors that could cause actual results to differ materially from those reflected by such forward-looking statements. These risks may be detailed from time to time in the reports filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the fiscal year ended December 31, 2024. You should not place undue reliance on any forward-looking statements, which speak only as of the date they are made. Except as required by law, we assume no obligation and do not intend to update any forward-looking statements, whether as a result of new information, future developments, or otherwise.

For Media Inquiries:
Hilary Meyers
hilary.meyers@ciso.inc
(480) 389-3444

FAQ

What is the projected size of the cyber insurance market by 2030 according to CISO's announcement?

The global cyber insurance market is projected to surpass $50 billion by 2030, with a 25% CAGR growth rate.

What is CyberSimple and how does it benefit small and medium-sized businesses?

CyberSimple is a combined solution that integrates CISO Global's CHECKLIGHT® AI-powered security platform with cyber insurance coverage, providing both cybersecurity protection and financial coverage for SMBs.

How does CISO Global's CHECKLIGHT® platform protect businesses?

CHECKLIGHT® is an AI-powered endpoint detection and response (EDR) platform that provides 24/7/365 protection against zero-day and other advanced cyber threats.

What is the strategic partnership between CISO Global and Cyber Assurance Group?

The partnership combines CISO Global's cybersecurity technology with Cyber Assurance Group's insurance expertise to deliver integrated cyber protection solutions for SMBs and enterprise clients.