CyberCube, a cyber risk analytics provider serving the insurance industry, has launched a new feature in its Broking Manager tool to support cyber market growth in Asia Pacific, the Middle East, and Latin America.
Brokers will now be able to use the Regional Risk Transfer Benchmarking tool, which has been added to CyberCube’s analytics platform Broking Manager, to make faster and more confident decisions regarding cyber insurance placement.
This tool facilitates effective communication of cyber risk to clients by providing financial exposure and benchmarking data, enabling intermediaries to substantiate their cyber insurance recommendations against the regional market.
Nate Brink, CyberCube’s Head of Broker Partnerships, commented: “In addition to benchmarking clients against the global market, brokers can now compare clients against selected regional peer groups, providing more insight into the realities of local market buying behavior.”
Regional Risk Transfer Benchmarking introduces geography-specific peer comparisons across North America, Europe, the Middle East and Africa (EMEA), Asia Pacific (APAC), and Latin America (LATAM). Region-specific benchmarks have been specifically requested to help unlock growth in the Small to Medium Enterprise (SME) market.
The enhancement to Broking Manager, CyberCube highlights, further underscores the growth potential of the international cyber re/insurance market.
