Fermat Capital Management, LLC, the specialist insurance-linked securities (ILS) investment manager, is set to broaden its relationship with CyberCube by licensing the firm’s Industry Exposure Database (IED).
The cyber analytics firm launched the IED in October 2022 to enable re/insurers and brokers to perform a wide variety of benchmarking, sensitivity, and real-time analyses for cyber risks.
The IED is designed to work seamlessly with Portfolio Manager – CyberCube’s software-as-a-service application built specifically for the insurance community.
In February 2022, it was reported that Fermat would be utilizing Portfolio Manager “to better understand” cyber accumulation risks.
“The continued commitment by the Fermat team to the cyber marketplace is critical as it brings needed additional capacity from capital markets. CyberCube’s Industry Exposure Database will enable Fermat to leverage comparative insights and benchmarking as it models industry risk for insurance-linked securities. We are excited to expand our partnership as Fermat enables growth in the complex cyber insurance landscape,” commented Andrew Lukas, CyberCube Principal Client Account Manager.
“CyberCube’s Industry Exposure Database (IED) helps us to better understand the size and shape of today’s cyber insurance market and the drivers of its systemic risk. We believe cyber ILS will be pivotal to the industry’s ability to efficiently manage this risk in the future. The powerful insights generated by CyberCube’s IED will be key to helping the cyber ILS market develop to play this role effectively,” added Joanna Syroka, Fermat’s Director of New Markets.
Earlier this year, Aviva partnered with CyberCube to support the growth ambitions for its cyber book. Through the partnership, the insurer is to roll out a broad range of CyberCube’s products.
