Reinsurance News
cybercube
CyberCube partners with Penguin Tech to enhance cyber risk solutions
2nd December 2024
CyberCube, a provider of cyber risk analytics, has partnered with Penguin Tech, an integration and consulting provider, to deliver enhanced solutions that help insurers better understand, manage, and mitigate cyber threats. Through this collaboration, CyberCube’s advanced analytics will integrate seamlessly with the solutions Penguin Tech delivers to Duck Creek Technologies clients. ... Read the full article
Re/insurance market must prepare for Single Point of Failure tech outage events: CyberCube
29th November 2024
CyberCube, a provider of cyber risk analytics, has warned that organisations must prepare for the escalating risk of unplanned technology outage events, primarily driven by a rise in cloud service provider outages and an increased frequency of industry-wide Single Point of Failure (SPoF) events. In their Global Threat Briefing report, CyberCube ... Read the full article
GenAI can open doors for malicious cyber actors to exploit capabilities
27th November 2024
Generative AI (GenAI) presents many ways for organisations to revolutionise their respective industries by enhancing business functions, however, the technology may also open doors for malicious actors to exploit capabilities for cyber attacks, according to a new report from Guy Carpenter, the reinsurance broking arm of Marsh McLennan, and CyberCube, ... Read the full article
AdvantageGo announces strategic alliance with CyberCube
18th November 2024
AdvantageGo, a commercial re/insurance software provider, has announced a strategic alliance with CyberCube, a provider of cyber risk analytics to the re/insurance industry, as it joins its Ecosystem to provide additional cyber-specific data and analytics that drive underwriting insight. This partnership integrates CyberCube's analytics into AdvantageGo's Underwriting Workbench, offering a holistic ... Read the full article
Trium Cyber leverages CyberCube’s Portfolio Manager to boost market growth
8th November 2024
Trium Cyber, the authorised service company for Syndicate 1322 at Lloyd’s, is leveraging CyberCube’s cyber risk analytics platform, Portfolio Manager, along with its accompanying CyberConnect API product, to support market growth. Readers will recall that in 2023 Trium launched as the first ever Lloyds-approved mono-line Cyber syndicate, providing coverage to ... Read the full article
Miller partners with CyberCube to strengthen cyber risk advisory services
24th October 2024
Miller, an independent specialist insurance and reinsurance broker, has formed a strategic partnership with CyberCube to enhance its ability to provide comprehensive, data-driven cyber exposure advice. Miller will utilise CyberCube's Broking Manager and Prep Module, which will help improve the broker’s ability to quantify and mitigate cyber risks for clients across ... Read the full article
US standalone cyber insurance market could reach $45bn in premium by 2034: CyberCube
4th September 2024
In a new report based on CyberCube’s cyber risk aggregation tool, Portfolio Manager, mid-range projections suggest that the US standalone cyber insurance market could reach $45 billion in premium by 2034, marking a five-fold increase from today. CyberCube’s report, “Projecting Cyber Insurance Growth: A 10-Year US Market Outlook”, noted that this ... Read the full article
CyberCube products licensed by EBM Insurance & Risk for enhanced client placement
5th August 2024
EBM Insurance & Risk, an Australian privately owned insurance broker, has announced a strategic partnership with CyberCube, a provider of cyber risk analytics. Through this partnership, EBM will implement CyberCube's Broking Manager and Prep Module, improving its cyber risk assessment and management capabilities for businesses locally and globally. Founded in Western Australia ... Read the full article
CrowdStrike event to cost cyber insurers up to $1.5bn: CyberCube
25th July 2024
Preliminary insured losses from the CrowdStrike IT outage for the standalone cyber insurance market are anticipated to fall between $400 million and $1.5 billion, according to CyberCube, a specialist modelling firm for cyber risks and exposures. For those unaware, the outage was caused by the security company CrowdStrike, which sent out ... Read the full article
CyberCube unveils new logo signifying established status & future aspirations
17th June 2024
Cyber analytics firm CyberCube has unveiled a new logo, symbolising its evolution from a start-up in 2015 to an established market leader. Pascal Millaire, Chief Executive Officer at CyberCube, commented, “In 2015, we had lofty ambitions to become the pre-eminent cyber risk analytics partner to the insurance industry as a start-up ... Read the full article
Integra licenses CyberCube software to bolster cyber growth in Turkey
16th April 2024
Integra Insurance and Reinsurance Broking Services is the first Turkish broker to roll out CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries. It will license Broking Manager to bolster its growth plans for cyber and look to gain a competitive edge in this market. Integra holds a prominent ... Read the full article
More reinsurers to offer meaningful cyber reinsurance capacity in 2024: CyberCube
18th December 2023
With cyber insurance being one of the fastest growing lines of insurance coverage to emerge, there are still a large number of traditional reinsurers who are yet to see cyber as a key area of growth for them, until recently. According to Pascal Millaire, Chief Executive Officer of CyberCube, there are ... Read the full article
CyberCube expands capabilities of its Account Manager software in latest version
13th December 2023
Cyber analytics firm CyberCube has launched Version 5.0 (v5) of Account Manager, the software-as-a-service (SaaS) solution designed for underwriters, with expanded financial quantification insights and several data enhancements. Account Manager v5 extends the capabilities of Portfolio Manager, CyberCube’s portfolio modelling product. This gives clients that licence both solutions the ability to quantify ... Read the full article
mShift partners with CyberCube to revolutionise cyber insurance analytics delivery
5th December 2023
Millennial Shift Technologies Inc. (mShift) has announced a strategic partnership with CyberCube, a leading cyber risk analytics platform. The collaboration aims to automate the delivery of cyber insurance analytics through an integrated solution that enhances workflow efficiency for insurance professionals while delivering an enriched client experience. mShift, a digital platform designed to ... Read the full article
Toa Re Europe licenses CyberCube’s Portfolio Manager platform
1st November 2023
Toa Re Europe has licensed CyberCube's Portfolio Manager platform, in a move that is set to support its cyber book, and play a pivotal role towards achieving best practice risk management solutions. According to the announcement, Toa Re Europe will utilize CyberCube’s Portfolio Manager to enable data-driven risk transfer solutions. The software from ... Read the full article
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