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SCOR integrates CyberCube model into cat platform

14th January 2021 - Author: Charlie Wood

Global reinsurer SCOR has integrated a CyberCube-developed cyber risk model into its own catastrophe modelling platform.

SCORBy integrating CyberCube’s risk model alongside other natural catastrophe models within SCOR’s CAT Platform, the reinsurer is aiming to further expand its modelling capabilities.

The new architecture was made full operational for the Janurary 1 renewals.

“In line with our Quantum Leap strategic plan, under which we are accelerating our use of new technologies, this partnership with CyberCube is a perfect example of how SCOR leverages data management and analysis capabilities to build its knowledge and deliver optimal service to clients,” said Jean-Paul Conoscente, CEO of SCOR P&C.

“This integrated Cyber platform is a major development that will enable us to further deepen and broaden our management of this key risk in the future.”

RMS

Pascal Millaire, CEO of CyberCube, added, “We are delighted to have deepened our relationship with SCOR by enabling the team to efficiently and seamlessly assess their cyber exposures and accumulation risks during the critical January 1 renewal season.

“CyberCube is pleased to be the third-party cyber model of choice for SCOR’s ecosystem.”

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