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Insights

Leveraging Managed IT Services for Insurance, Law, and Finance Sectors

Insurance, law, and finance businesses face unique IT challenges that demand specialised solutions. As an experienced IT partner, razorblue understands these challenges and offers services to seamlessly overcome them. These challenges include managing vast amounts of sensitive data, ensuring compliance with stringent regulatory standards, protecting against sophisticated cyber threats, and integrating advanced technologies into existing systems. By addressing these specific pain points, our bespoke Managed IT solutions enhance productivity, fortify security, and optimise operational efficiency.

Insurance Sector: Navigating Complexity

The insurance world is complex, with its own set of challenges—regulatory requirements, heaps of sensitive data, and the need seamless customer service. The Association of British Insurers (ABI) noted a 22% spike in cyber incidents in 2022, a stark reminder of the growing cybersecurity threats.

With so much personal and financial data at stake, keeping this information secure is non-negotiable. Protecting the large amount of data businesses in this industry handle is critical to avoid substantial financial losses and reputational damage.

The sector must continually adapt to changing regulations, a task made easier with robust and agile IT systems. Efficient claim processing and customer service are essential to maintaining customer satisfaction and retention within the insurance sector.

At razorblue, our Managed IT Services provide comprehensive security solutions to safeguard this sensitive information. In addition to our Managed IT services our Security Operations Centre delivers cost-efficient 24/7 security oversight, proactive infrastructure fortification, and sophisticated threat defence, ensuring that your data remains secure.

Legal Sector: Ensuring Confidentiality

It’s no secret that law firms handle a huge amount of highly confidential information, making them prime targets for cyberattacks. According to the Law Society of England and Wales, over 60% of law firms experienced a cyber incident in the past year.

Our expert team works closely with firms to ensure compliance, providing timely patch management and swift identification of vulnerabilities to maintain continuous compliance and risk mitigation.
Reliable IT systems are necessary to manage case files, client communication, and other critical operations efficiently. Our consultative approach means we tailor our solutions to each firms unique needs.

Additionally, we offer user awareness training to enhance staff awareness and mitigate human error, a common entry point for cyber threats.

Finance Sector: Balancing Innovation with Security

The finance sector is at the forefront of digital transformation, but this innovation comes with increased risks. The Financial Conduct Authority (FCA) reported a 30% rise in reported cyber incidents within the financial sector in 2023, underlining the urgent need for robust cybersecurity measures.

For financial institutions, continuous operation and quick recovery from disruptions are vital. Our inclusive pricing model offers transparent budgeting with no additional charges for site visits, ensuring they can manage IT budgets effectively.

Our dedicated team helps manage budgets, strategy, and IT infrastructure alongside a 24/7 service desk team that provides immediate support, enhancing team productivity and ensuring minimal downtime.

Our latest product development that comes in the form of our own, dedicated Managed Security Service includes proactive defence measures built to identify and neutralise threats before they impact operations.

Partnering for Success

At razorblue, we pride ourselves on becoming an integral part of each business we work with, providing a comprehensive suite of services. With razorblue, businesses can gain access to a dedicated IT team that takes the time to understand the business, strategy, and IT infrastructure.

Our 24/7 expert support ensures that any IT issues are resolved promptly, keeping teams productive and minimising downtime. Our innovative cybersecurity solutions, including our state-of-the-art SOC, provide a robust defence against cyber threats, integrating Cyber Essentials and Cyber Essentials Plus to establish a solid cybersecurity posture.

Contact us today to learn more about how our tailored IT solutions can support your business. Together, we can navigate the complexities of the digital world with confidence and security.