AdvantageGo, a commercial re/insurance software provider, has announced a strategic alliance with CyberCube, a provider of cyber risk analytics to the re/insurance industry, as it joins its Ecosystem to provide additional cyber-specific data and analytics that drive underwriting insight.
This partnership integrates CyberCube’s analytics into AdvantageGo’s Underwriting Workbench, offering a holistic view of cyber risk to cyber insurance underwriters.
It aims to provide valuable insights into risk signals, cyber events, peer risk comparisons, and technology-driven data, empowering underwriters to make informed decisions.
This data seamlessly combines with existing multi-partner information and internal data sources to create a comprehensive risk view.
This partnership builds on “a first-of-a-kind” effort to provide cyber underwriters with a comprehensive view of risk. It does this by integrating an increasing number of ecosystem data providers into AdvantageGo’s Underwriting Workbench, a cyber-specific product designed to deliver in-depth risk insights.
This expanded access to data is available to clients through the Underwriting Workbench, further enhancing its capabilities.
CyberCube offers cyber underwriters unparalleled data, analytics and modelling capabilities, including pricing and benchmarking, portfolio scoring, assessing marginal risks, and faster risk selection, from SMEs to large corporates.
The AdvantageGo Ecosystem offers insurers to accelerate digital transformation by offering a curated selection of best-in-class technology solutions from a single source, the firm stated.
This comprehensive ecosystem streamlines access to cutting-edge technologies, enabling insurers to digitise operations.
Ian Summers, Global Business Leader, AdvantageGo, commented: “Partnering with CyberCube is a big win for clients and the AdvantageGo Ecosystem, primarily because we know that CyberCube offers cyber carriers a game-changing capability.
“This powerful addition is now integrated with AdvantageGo’s Underwriting workbench proposition, itself tailored for cyber underwriters and greatly boosted by this partnership.”
Summers added: ““Cyber carriers look towards CyberCube as the best of its kind service provider in this space, and this is precisely what the Ecosystem project is about, ensuring that we build partnerships like this, to provide a simplified approach to Insurtech for international and specialty re/insurers.”
Ross Wirth, VP, Head of Strategic Tech Ecosystem, CyberCube, said: “Adding AdvantageGo to CyberCube’s Tech Partner Ecosystem provides our mutual clients an optimised underwriting workflow.
“By automatically delivering the world’s leading predictive cyber analytics at the point of decision-making, underwriters leveraging the AdvantageGo Underwriting Workbench will be able to customise their offerings to meet the needs of their insureds in real time,” Wirth continued.
Wirth concluded: “As we continue to move from a Property & Casualty world to a Property & Casualty & Cyber world it is crucial that underwriters have up to date exposure, security, and financial information in their workflows to make decisions. Our partnership with AdvantageGo enables that foundation.”
