An IAM Maturity Assessment provides a comprehensive understanding of a client's IAM practices. This detailed insight allows insurance companies to more accurately assess the risk associated with insuring the client, leading to more precise underwriting and pricing of policies.

By identifying vulnerabilities and areas of improvement in a client’s IAM system, insurance companies can suggest or mandate specific enhancements. This proactive approach reduces the likelihood of a security breach, subsequently lowering the number of claims and financial losses.

Offering an IAM Maturity Assessment as part of the insurance package can enhance the perceived value of the insurance policies. Clients will see the insurance company as a partner invested in their security and not just a risk underwriter.

Customers who receive tangible benefits, like a detailed assessment and actionable insights, are more likely to remain loyal to the insurance provider.

Aggregated data from multiple IAM assessments can help the insurance company establish industry benchmarks. These benchmarks can be used to compare potential clients against industry standards, making risk evaluation more data-driven and reliable.

Insights from IAM assessments can guide the development of new insurance products tailored to specific security maturity levels, offering more customised and relevant coverage options.