Leading cyber analytics firm CyberCube has announced that BFL Canada – one of the largest risk management, insurance brokerage and benefits consulting firms in Canada – will license its Broking Manager product to help clients make better informed cyber insurance coverage and limit decisions.
BFL Canada will utilize Broking Manager to show clients their financial exposure based on their unique security profiles.
Broking Manager is the first software-as-a-service (SaaS) application CyberCube has built specifically designed for the insurance broking community.
The service offers a streamlined approach to analysing potential financial exposure impacts arising from cyber events that helps clients make informed decisions on coverages and limits.
Moreover, Broking Manager complements CyberCube’s two other products: Portfolio Manager and Account Manager, both of which are designed for insurers and used by leading businesses across the insurance ecosystem.
In May, insurance broker Bishopsgate announced that it will utilise CyberCube’s Broking Manager software to “gain a competitive advantage” in the cyber insurance market.
“We are thrilled to support a leading insurance brokerage and consulting firm in BFL Canada. BFL has built a strong reputation for delivering insurance and risk consulting solutions for clients. We’re excited BFL has chosen to use our cyber risk analytics to support its growth in cyber while better protecting clients,” commented Nate Brink, CyberCube Sales Manager.
Walid Khayate, Vice President, National Practice Leader – Cyber Risk & ERM, BFL CANADA, said: “At BFL CANADA, our philosophy is to invest in our talent and to develop in-house technologies and infrastructure. Cyber is a complex space which is continuously evolving and requires risk professionals with a specific skillset,” added Walid Khayate, Vice President, National Practice Leader – Cyber Risk & ERM, BFL CANADA.
“CyberCube gives us access to unique expertise, top-class technology and an approach to better understand and mitigate cyber exposure. This partnership with CyberCube will be key to highlighting the financial impacts of cyber incidents so clients can make coverage and limit decisions.”
Earlier this year, CyberCube entered into a partnership with digital risk processing platform, Cytora, to provide commercial insurers with a more streamlined and informed understanding of cyber risk.
