In our previous posts, we explored the challenges of the current cyber insurance market and the complementary roles of cyber insurance and warranties in a comprehensive risk management strategy. Now, we'll examine how the Todyl and SPECTRA partnership addresses the fundamental problem of cyber risk quantification—creating a more efficient and accurate approach to risk transfer.
The cybersecurity industry has long struggled with a fundamental disconnect: security vendors implement controls, insurance carriers try to quantify their value through questionnaires, and businesses are caught in the middle trying to translate their security investments into meaningful risk transfer outcomes.
This disconnect stems from the difficulty of accurately quantifying cyber risk. Traditional approaches rely heavily on questionnaires, which create challenges across the entire insurance ecosystem:
The result is a market with rising premiums, shrinking coverage, and increasing frustration for all involved.
The Todyl and SPECTRA partnership tackles this challenge head-on through a unique three-step vetting approach:
SPECTRA validated the Todyl security platform itself, ensuring the underlying technology meets rigorous security standards.
Next, the MSP's security practices and expertise are validated through a light-touch IT audit.
Finally, the actual security implementation for each client is validated, creating a complete picture of the security controls in place.
This tiered approach creates a continuous validation chain that provides insurers with the data they need to accurately quantify risk—replacing subjective questionnaire responses with objective validation of security controls. The result is a more accurate assessment of risk that benefits all parties.
The program is already delivering significant benefits for MSPs and their clients:
A 300+ employee, international research organization focused on global security and military conflict had been rejected by leading carriers despite needing cyber insurance for their sensitive data operations. By partnering with a SPECTRA-certified MSP and implementing certified services, they became eligible for cyber insurance coverage backed by Lloyd's of London, with limited exclusions and a streamlined application process.
A small Texas-based MSP serving regulated financial services and professional services clients (predominantly law firms) was declined coverage by a market-leading insurance carrier (CFC) due to their high-risk client concentration. Through the SPECTRA program, they received an insurance quote in just 24 hours and secured a 36% reduction in premium from the initial quote, with access to insurance backed by Lloyd's of London.
A UK-based MSP with $100M+ in revenue was struggling to differentiate their services from competitors, retain customers at renewals, and generate new leads. After obtaining SPECTRA certification for their firewall, disaster recovery, and backup services, they achieved remarkable results: 98% of existing clients opted into warranty-backed managed services, 90% of new opportunities reported that cyber warranty was a differentiator, and two key accounts that had indicated they would not renew ultimately were retained with the added warranty.
For MSPs, the partnership delivers multiple strategic advantages:
By offering a comprehensive risk management solution that includes both security controls and risk transfer options, MSPs can elevate their role from security provider to trusted risk advisor—a significant competitive advantage in today's market.
The partnership creates multiple value opportunities:
The three-step validation process ensures that security implementations are properly aligned with risk transfer mechanisms:
The partnership elevates the MSP's role from security provider to comprehensive risk management partner:
For clients, the program delivers compelling benefits that drive adoption:
Clients receive layered financial protection:
The program eliminates common frustrations:
Clients benefit from a security implementation that meets specific standards:
The program provides peace of mind for business leaders:
The Todyl SPECTRA Certification Program is available exclusively to Todyl partners. To qualify, partners need:
MSPs interested in the program can:
The Todyl and SPECTRA partnership represents the future of cybersecurity risk management—where security implementation, accurate risk quantification, and efficient risk transfer solutions work together to create a more effective approach.
For MSPs, this integration creates a powerful opportunity to deliver greater value in an increasingly challenging market. By addressing the fundamental problem of risk quantification, MSPs can help clients achieve better outcomes with their security investments while strengthening their own position as trusted advisors.
As cyber threats continue to evolve and the insurance market becomes more complex, the value of this integrated approach will only increase. MSPs that embrace this comprehensive risk management model today will be well-positioned for success in the rapidly changing cybersecurity landscape.
