Risk Strategies has partnered with CyberCube to roll out its cyber risk analytics platform Broking Manager for insurance intermediaries.
The US specialist insurance brokerage and risk management firm will also be using application programming interface (API) components from CyberCube’s solutions for analytics.
The broking manager platform will allow the Risk Strategies’ team to quantify and explain to their clients the sources and financial impact of cyber risk exposure.
The platform also produces reports that can be used to educate prospects and clients on potential sources of loss, recent and relevant cyber events, and peer-to-peer benchmarking.
CyberCube’s APIs provide access to the platform that houses CyberCube models, signals, and data.
The external APIs enable the integration of CyberCube’s models into a company’s business workflow, delivering operational efficiency and streamlining its cyber risk modelling ecosystem.
CyberCube’s API aims to play a key role in providing greater insight to clients of Risk Strategies’ cyber resolute offering.
Commenting on the partnership, Pascal Millaire, CEO for CyberCube, says: “This partnership with Risk Strategies is a great example of the incredible innovation occurring in the cyber insurance space. Not only is Risk Strategies delivering cutting edge analytics to its clients drawing on the immense data from the CyberCube platform, but it is also reshaping how insurance institutions can transact efficiently through the power of APIs.”
Robert Rosenzweig, cyber liability practice leader at Risk Strategies, notes: “This partnership with CyberCube will let us present our clients with the information we need to help them develop strategies to effectively mitigate their cyber risk.”
At the start of this year, SCOR developed a cyber risk management tool through a partnership with CyberCube.
