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Cracking The Code: 5 Things That Immediately Impress Tech Underwriters

To secure coverage, companies must demonstrate strong risk management practices.

Author

Fred
March 26, 2025

Welcome to Underwriter!

Today, we are going to discuss what are the things that underwriters look for.

Securing Technology Insurance: What Underwriters Look For

As the tech sector expands, businesses face growing risks—from system failures to cyberattacks—driving up demand for technology insurance. To secure coverage, companies must demonstrate strong risk management practices. So, what do insurers prioritize when evaluating applicants?

Here are the top five traits underwriters value in tech businesses:

1. Strong Contractual Controls

Clear, written agreements are essential to mitigate risks in fast-moving projects. Insurers look for:

  • Change management processes to prevent scope creep.

  • Well-defined liability limits—avoid tying them directly to insurance policies; instead, set fixed amounts or align them with contract value.

2. Robust Data Management Policies

Proper data handling is critical, especially for businesses processing third-party data. Underwriters favor:

  • Encryption for stored, transmitted, and processed data.

  • Documented retention & destruction policies to ensure compliance.

  • Secure storage of personally identifiable information (PII) in line with regional regulations.

3. Reliable Backup Strategies

Data loss can cripple operations, so insurers assess:

  • Immutable backups (at least one unalterable version).

  • Strict access controls to prevent unauthorized changes.

4. Tight Cybersecurity Defenses

With cyber threats evolving, businesses must:

  • Close exposed ports (like RDP) to reduce attack surfaces.

  • Enforce multi-factor authentication (MFA) for added security.

  • Deploy endpoint detection and response (EDR) tools to detect advanced threats.

5. Sustainable Growth Over Hype

Innovation is great, but insurers value:

  • Proven, tested solutions—not just flashy ideas.

  • Experienced leadership to guide long-term success.

  • Smart resource allocation—investment alone isn’t enough without sustainable planning.

Final Takeaway

To secure tech insurance, businesses must prioritize risk management, cybersecurity, and operational resilience. By implementing these best practices, companies can not only improve their insurability but also strengthen their overall stability in a competitive market.

See you in the next edition.

— The Underwrite.In Team