Most insurers find that the cyber insurance renewal process is fairly efficient from a time perspective—but it’s not very effective. In other words, they are able to quickly re-underwrite a company in their portfolio, but don’t have any better understanding about the insured’s security posture to see whether the risk has changed and is still suitable to keep on the books.
Article Link: https://www.bitsighttech.com/blog/how-security-ratings-can-make-renewals-more-effective