Reinsurance News

Blink Parametric and Buckler México partner for rollout of cyber solution to Ethics Data Analytics

1st March 2024 - Author: Kassandra Jimenez-Sanchez

Insurtech Blink Parametric has partnered with cyber risk specialist Buckler México to support the rollout of its Blink Cyber solution to Ethics Data Analytics – a leader in risk management solutions in the region – to combat identity theft.

cyber modelNow available within the Ethics Cyber Security portfolio, Blink’s cyber solution is set to expand the portfolio’s product suite which serves Corporates and CXO level client base.

Speaking of the partnership, Sid Mouncey, CEO at Blink Parametric said: “This is an excellent opportunity for us to work with our old friends at Buckler México as they continue to grow their business across the LATAM region. It’s impossible to put a price on peace of mind, but in terms of personal data, everything online has a price.

“That’s why we work in partnership with leading global data source and dark web monitoring technology to support the broadest monitoring across the dark web for Cyber client data exposure. Our solution is scalable, borderless and easy to use so it fits comfortably into an existing cyber product or insurance suite and we look forward to its effective and high-performance delivery for our new expert partners and their client base.”

The product was designed to serve as a Data Protection solution by detecting a data breach or compromised information early and proactively alerting clients with information they need to secure their online data ahead of it being used by fraudsters or hackers.

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It was created to enable insurance companies to offer policy-holders an add-on security feature, and it has developed into an embedded, standalone insurtech and cyber product where clients can add personal information such as phone numbers, email addresses, identity numbers, documents, bank/credit card details and account numbers into its secure monitoring service.

The Blink Parametric Cyber Solution then searches 24/7 for compromised personal data on unsecure websites as well as the dark web, alerting agencies, insurance companies or clients if the data is found to be for sale and/or in use by cyber criminals.

Rafael Ortiz, CEO, Buckler Group, commented: “As more people become victims of cyber-crimes, it’s understandable that those of us who transact online are becoming increasingly concerned about who can get their hands on our personal and professional information. Blink Parametric’s Cyber solution is designed to mitigate day-to-day risks at both a personal and corporate level with a central focus on customer care – a perfect fit for our client needs.”

Luis Latapi, Partner, Ethics Data Analytics welcomed this latest addition to their Ethics Cyber Security portfolio, saying: “The collective professional and personal loss to people at the hands of cyber criminals can be enormous. That’s why we continually seek out robust and effective cyber-crime prevention methods. With this solution, our clients can be confident that we are safeguarding their interests 24/7, deploying world-class technology prioritising their security and peace of mind.”

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