Cyber risk analytics provider CyberCube has announced the launch of Prep Module Version 1.0, an add-on module of Broking Manager, the firms Software-as-a-Service (SaaS) solution designed specifically for insurance brokers.
The firm explained that the add-on module, when paired with Broking Manager will help improve a broker’s overall ability to prepare its clients for the cyber insurance placement process.
CyberCube noted that through the adoption of Prep Module, brokers will be able to help their clients identify issues that need to be addressed before underwriters do.
“As trusted advisors, brokers are best positioned to help their clients prepare for the placement process and ensure they are presenting the best version of themselves,” commented Natalie Chin, CyberCube’s Director of Product Management.
“This solution was motivated by the challenges posed by today’s market dynamics,” she continued. “With the release of Prep Module, brokers can now have even more productive conversations around cyber insurance strategies to pave the path to insurability.”
Earlier this year, CyberCube acted as a modelling agent for the first private cyber catastrophe bond.