{"version":"1.0.0","segments":[{"speaker":"Dan Wentz","startTime":25.74,"endTime":28.83,"body":"This is your ready"},{"speaker":"Dan Wentz","startTime":25.74,"endTime":28.83,"body":"index update for cyber through"},{"speaker":"Dan Wentz","startTime":28.83,"endTime":34.26,"body":"the first quarter of March 2022."},{"speaker":"Dan Wentz","startTime":28.83,"endTime":34.26,"body":"And now with your update, Here's"},{"speaker":"Dan Wentz","startTime":34.26,"endTime":38.19,"body":"Dan Wentz. The average year over"},{"speaker":"Dan Wentz","startTime":34.26,"endTime":38.19,"body":"year renewal change increased"},{"speaker":"Dan Wentz","startTime":38.19,"endTime":46.769999999999996,"body":"68% January 54.9% in February"},{"speaker":"Dan Wentz","startTime":38.19,"endTime":46.769999999999996,"body":"and 70.7% in March. On average"},{"speaker":"Dan Wentz","startTime":46.769999999999996,"endTime":51.84,"body":"during the first quarter 10% of"},{"speaker":"Dan Wentz","startTime":46.769999999999996,"endTime":51.84,"body":"accounts saw no increase 3% saw"},{"speaker":"Dan Wentz","startTime":51.84,"endTime":59.34,"body":"a one to 9% increase 8% saw a 10"},{"speaker":"Dan Wentz","startTime":51.84,"endTime":59.34,"body":"to 19% increase, and 78% of"},{"speaker":"Dan Wentz","startTime":59.34,"endTime":63.92999999999999,"body":"accounts saw a 20% plus increase"},{"speaker":"Dan Wentz","startTime":59.34,"endTime":63.92999999999999,"body":"in pricing. Your results may"},{"speaker":"Dan Wentz","startTime":63.92999999999999,"endTime":66.6,"body":"differ from these averages, and"},{"speaker":"Dan Wentz","startTime":63.92999999999999,"endTime":66.6,"body":"we have a full explanation of"},{"speaker":"Dan Wentz","startTime":66.6,"endTime":70.71,"body":"how we calculate these numbers"},{"speaker":"Dan Wentz","startTime":66.6,"endTime":70.71,"body":"at ready index.com. And by the"},{"speaker":"Dan Wentz","startTime":70.71,"endTime":75.09,"body":"way, cyber pricing is on the"},{"speaker":"Dan Wentz","startTime":70.71,"endTime":75.09,"body":"rise in a big way. The"},{"speaker":"Dan Wentz","startTime":75.09,"endTime":78.45,"body":"percentage of cyber accounts"},{"speaker":"Dan Wentz","startTime":75.09,"endTime":78.45,"body":"with greater than 100% pricing"},{"speaker":"Dan Wentz","startTime":78.45,"endTime":86.82000000000001,"body":"increase was 28% in March 2022"},{"speaker":"Dan Wentz","startTime":78.45,"endTime":86.82000000000001,"body":"versus just 4% in March 2021 19%"},{"speaker":"Dan Wentz","startTime":86.82000000000001,"endTime":93.06,"body":"versus 2% In February, and 24%"},{"speaker":"Dan Wentz","startTime":86.82000000000001,"endTime":93.06,"body":"versus 1% in January"},{"speaker":"Dan Wentz","startTime":93.09,"endTime":98.10000000000001,"body":"respectively, of the 72% of"},{"speaker":"Dan Wentz","startTime":93.09,"endTime":98.10000000000001,"body":"accounts in first quarter 2022"},{"speaker":"Dan Wentz","startTime":98.10000000000001,"endTime":103.35000000000001,"body":"with a pricing increase greater"},{"speaker":"Dan Wentz","startTime":98.10000000000001,"endTime":103.35000000000001,"body":"than 20% 38% of the accounts had"},{"speaker":"Dan Wentz","startTime":103.35000000000001,"endTime":109.41,"body":"an increase of 50% or more. And"},{"speaker":"Dan Wentz","startTime":103.35000000000001,"endTime":109.41,"body":"now for cyber emerging issues."},{"speaker":"Dan Wentz","startTime":109.74000000000001,"endTime":112.44,"body":"Most underwriters are requiring"},{"speaker":"Dan Wentz","startTime":109.74000000000001,"endTime":112.44,"body":"a completed ransomware"},{"speaker":"Dan Wentz","startTime":112.44,"endTime":115.44,"body":"application multifactor"},{"speaker":"Dan Wentz","startTime":112.44,"endTime":115.44,"body":"authentication and fully"},{"speaker":"Dan Wentz","startTime":115.44,"endTime":118.41,"body":"implemented cybersecurity"},{"speaker":"Dan Wentz","startTime":115.44,"endTime":118.41,"body":"measures before binding new and"},{"speaker":"Dan Wentz","startTime":118.41,"endTime":122.31,"body":"renewal accounts. Acceptable"},{"speaker":"Dan Wentz","startTime":118.41,"endTime":122.31,"body":"cybersecurity measures include a"},{"speaker":"Dan Wentz","startTime":122.31,"endTime":125.64,"body":"backup solution disconnected or"},{"speaker":"Dan Wentz","startTime":122.31,"endTime":125.64,"body":"segregated from your network."},{"speaker":"Dan Wentz","startTime":125.91,"endTime":129.0,"body":"Next Generation antivirus"},{"speaker":"Dan Wentz","startTime":125.91,"endTime":129.0,"body":"protection with endpoint"},{"speaker":"Dan Wentz","startTime":129.0,"endTime":133.04999999999998,"body":"detection and response email"},{"speaker":"Dan Wentz","startTime":129.0,"endTime":133.04999999999998,"body":"filtering solutions, multi"},{"speaker":"Dan Wentz","startTime":133.04999999999998,"endTime":136.85999999999999,"body":"factor authentication for"},{"speaker":"Dan Wentz","startTime":133.04999999999998,"endTime":136.85999999999999,"body":"privileged users email and"},{"speaker":"Dan Wentz","startTime":136.89,"endTime":141.24,"body":"remote network access. Difficult"},{"speaker":"Dan Wentz","startTime":136.89,"endTime":141.24,"body":"cyber classes include healthcare"},{"speaker":"Dan Wentz","startTime":141.24,"endTime":144.72,"body":"real estate collection agents"},{"speaker":"Dan Wentz","startTime":141.24,"endTime":144.72,"body":"title escrow municipalities,"},{"speaker":"Dan Wentz","startTime":144.72,"endTime":148.65,"body":"schools managed service"},{"speaker":"Dan Wentz","startTime":144.72,"endTime":148.65,"body":"providers, utilities law firms"},{"speaker":"Dan Wentz","startTime":148.65,"endTime":151.92,"body":"technology including game"},{"speaker":"Dan Wentz","startTime":148.65,"endTime":151.92,"body":"developers and distributors, and"},{"speaker":"Dan Wentz","startTime":151.92,"endTime":156.57,"body":"any risk with a high number of"},{"speaker":"Dan Wentz","startTime":151.92,"endTime":156.57,"body":"PII or p a chai records. Watch"},{"speaker":"Dan Wentz","startTime":156.57,"endTime":160.41,"body":"out for ransomware extortion sub"},{"speaker":"Dan Wentz","startTime":156.57,"endTime":160.41,"body":"limits including coinsurance,"},{"speaker":"Dan Wentz","startTime":160.44,"endTime":164.01,"body":"social engineering callback"},{"speaker":"Dan Wentz","startTime":160.44,"endTime":164.01,"body":"requirements, cybercrime that"},{"speaker":"Dan Wentz","startTime":164.01,"endTime":167.48999999999998,"body":"excludes third party funds"},{"speaker":"Dan Wentz","startTime":164.01,"endTime":167.48999999999998,"body":"escrowed short periods of"},{"speaker":"Dan Wentz","startTime":167.48999999999998,"endTime":171.11999999999998,"body":"restoration or indemnity from"},{"speaker":"Dan Wentz","startTime":167.48999999999998,"endTime":171.11999999999998,"body":"business income and or"},{"speaker":"Dan Wentz","startTime":171.11999999999998,"endTime":174.39,"body":"reputational harm related"},{"speaker":"Dan Wentz","startTime":171.11999999999998,"endTime":174.39,"body":"losses. The ready index"},{"speaker":"Dan Wentz","startTime":174.39,"endTime":177.81,"body":"leverages CRC group's collection"},{"speaker":"Dan Wentz","startTime":174.39,"endTime":177.81,"body":"of actionable data the wholesale"},{"speaker":"Dan Wentz","startTime":177.81,"endTime":180.89999999999998,"body":"industry's largest, it provides"},{"speaker":"Dan Wentz","startTime":177.81,"endTime":180.89999999999998,"body":"critical pricing analysis"},{"speaker":"Dan Wentz","startTime":180.89999999999998,"endTime":184.64999999999998,"body":"monthly giving you a snapshot of"},{"speaker":"Dan Wentz","startTime":180.89999999999998,"endTime":184.64999999999998,"body":"the marketplace. The ready index"},{"speaker":"Dan Wentz","startTime":184.64999999999998,"endTime":187.76999999999998,"body":"generates instant intelligence"},{"speaker":"Dan Wentz","startTime":184.64999999999998,"endTime":187.76999999999998,"body":"on pricing trends by industry or"},{"speaker":"Dan Wentz","startTime":187.76999999999998,"endTime":191.22,"body":"coverage, enabling our retail"},{"speaker":"Dan Wentz","startTime":187.76999999999998,"endTime":191.22,"body":"partners to set accurate data"},{"speaker":"Dan Wentz","startTime":191.22,"endTime":194.7,"body":"driven expectations with their"},{"speaker":"Dan Wentz","startTime":191.22,"endTime":194.7,"body":"clients. Removing the guesswork"},{"speaker":"Dan Wentz","startTime":194.7,"endTime":197.64,"body":"empowers CRC team members to"},{"speaker":"Dan Wentz","startTime":194.7,"endTime":197.64,"body":"negotiate competitively,"},{"speaker":"Dan Wentz","startTime":197.82,"endTime":201.23999999999998,"body":"consistently producing better"},{"speaker":"Dan Wentz","startTime":197.82,"endTime":201.23999999999998,"body":"outcomes, better deliverables"},{"speaker":"Dan Wentz","startTime":201.26999999999998,"endTime":206.01,"body":"and better results. And that is"},{"speaker":"Dan Wentz","startTime":201.26999999999998,"endTime":206.01,"body":"your cyber ready index update"},{"speaker":"Dan Wentz","startTime":206.01,"endTime":208.14,"body":"for first quarter 2022."}]}