Risk Strategies has partnered with CyberCube to launch its broking manager platform for cyber risk analysis for insurance intermediaries.
The US specialist insurance broker and risk management company will also use API (Application Programming Interface) components from CyberCube solutions for analysis.
The Broker Manager Platform enables the Risk Strategies team to quantify the sources and financial impact of cyber risk and explain them to their clients.
The platform also creates reports that can be used to inform potential clients and customers about potential sources of loss, current and relevant cyber events and peer-to-peer benchmarking.
The CyberCube APIs provide access to the platform on which CyberCube models, signals and data are stored.
The external APIs enable the CyberCube models to be integrated into a company’s business processes, ensure operational efficiency and optimize the ecosystem for modeling cyber risks.
CyberCube’s API is designed to play a key role in providing customers with better insight into the Cyber-Resolute offering from Risk Strategies.
Commenting on the partnership, Pascal Millaire, CEO of CyberCube: “This partnership with Risk Strategies is a great example of the incredible innovation in cyber insurance. Risk Strategies not only provides its clients with innovative analytics based on the immense data of the CyberCube platform, but also changes the way insurance institutions can efficiently conduct transactions using APIs. “
Robert Rosenzweig, Head of Cyber Liability Practice at Risk Strategies, explains: “This partnership with CyberCube enables us to present our customers with the information we need to develop strategies to effectively mitigate their cyber risk.”
At the beginning of this year, SCOR worked with CyberCube to develop a tool for cyber risk management.
