Bitsight Insurance Business Grows 30% in H1, Extending Market Leadership
Record growth for the first half of the year reflects strong demand for Bitsight's correlated cyber risk data and new product innovations with Moody's
BOSTON, Oct. 9, 2025 /PRNewswire/ -- Bitsight, a global leader in cyber risk intelligence, today announced record 30% growth in its insurance business for the first half of its fiscal year.1
This growth milestone was helped in part by the integration of Bitsight data—such as Bitsight Cloud Dispersion Analytics—into Moody's cyber solutions, together with the introduction of new Bitsight insurance datasets and product features, and growing relationships with new and existing carrier and broker partners.
Incorporating Bitsight Cloud Dispersion Analytics into Moody's Cyber Solutions Version 9 has helped Moody's deliver an end-to-end offering, spanning underwriting, portfolio optimization, and systemic exposure management, designed to help the industry better measure, price, and manage cyber risk.
Bitsight is also a founding member of Moody's Cyber Industry Steering Group (CISG). Formed in 2023 and led by Moody's, its group members include (re)insurers, brokers, and model vendors, working together to help develop the industry's understanding of cyber risk and support market growth.
Specifically, the CISG seeks to address constraints to growth in the cyber insurance marketplace, including a lack of standardization and uncertainties in light of the fast-moving and emerging nature of cyber risks. Working with the group's members and the wider industry, the CISG seeks to develop and support a long-term strategy that increases risk analytics transparency and advances industry understanding of cyber risk.
"Cyber risk is now a defining factor in global financial markets, and insurers need comprehensive, actionable intelligence to manage it effectively," said Dan Flemington, Managing Director of Insurance Sales at Moody's. "Incorporating Bitsight into our solutions helps deliver correlated data to strengthen underwriting decisions and deepen market confidence in the cyber models Moody's offers its customers, in the face of an escalating threat landscape."
Independent validation underscores the strength of Bitsight's dataset. Gallagher Re found that by adding Bitsight's external scanning insights to existing underwriting methods, insurers can identify companies disproportionately at risk of a claim up to 40% more accurately. Meanwhile, Marsh McLennan confirmed statistically significant correlations between Bitsight Security Ratings, 13 risk vectors, and the likelihood of cybersecurity incidents.
"In today's cyber risk landscape, insurers need the highest-quality signals to assess and price risk," said Michael Hoffman, VP of Insurance and Partnerships at Bitsight. "Our H1 growth shows the industry's trust in Bitsight to deliver unmatched cyber intelligence. Our data, product, and partner investments provide a highly differentiated approach that helps insurers reduce loss ratios, manage systemic risk, and grow profitably."
Bitsight has also introduced several new insurance capabilities and partnerships to build on its market leadership, in addition to Bitsight data being incorporated into Moody's solutions:
- New privacy assessments developed in partnership with Lokker
- Expanded cyber threat intelligence portfolio, delivering an unmatched view of how attack surface exposures are being targeted by threat actors
Bitsight was further recognized as the Cyber Technology Provider of the Year by Zywave at their June 2025 Cyber Risk Awards.
About Bitsight
Bitsight is a global leader in cyber risk intelligence, leveraging advanced AI to empower organizations with precise insights derived from the industry's most extensive external cybersecurity dataset. With more than 3,500 customers and over 65,000 organizations active on its platform, Bitsight delivers real-time visibility into cyber risk and threat exposure, enabling teams to rapidly identify vulnerabilities, detect emerging threats, prioritize remediation, and mitigate risks across their extended attack surface.
Bitsight proactively uncovers security gaps across infrastructure, cloud environments, digital identities, and third- and fourth-party ecosystems. From security operations and governance teams to executive boardrooms, Bitsight provides the unified intelligence backbone required to confidently manage cyber risk and address exposures before they impact performance.
For more information, visit bitsight.com, read our blog, or connect with us on LinkedIn.
About Moody's
In a world shaped by increasingly interconnected risks, Moody's (NYSE:MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody's gives customers the comprehensive perspective needed to act with confidence and thrive.
Visit Insurance Solutions at Moody's to learn more and follow us on LinkedIn.
1 * H1 FY2026 refers to Feb 1, 2025 - July 31, 2025
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SOURCE Bitsight