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 US-domiciled risks.
Shortly after this, the firm then expanded its offerings to include a UK platform and is focused on providing risk transfer solutions to a global pool of high-quality clients who demonstrate robust security hygiene.
From what we understand, Trium is looking to utilise CyberCube’s Software-as-a-Service application to further enhance its data and analytics capabilities, which will ultimately provide visibility into individual account and aggregate risk, as well as support the construction of a consistently profitable cyber portfolio.
It’s important to highlight that Portfolio Manager (PM) is a scenario-based data-driven model that enables risk professionals to develop insights for their senior leadership and teams.
At the same time, PM also allows for stress testing of insurance risk portfolios, therefore allowing for loss drivers and areas of accumulation risk to be identified.
Moreover, CyberConnect APIs for Portfolio Manager plays a pivotal role in unlocking the power of PM via API, allowing for automation and efficiency gains, as well as tighter workflow integration, and sensitivity testing at scale.
“We’re excited to be working with the team at Trium as it establishes itself in the cyber specialty insurance market. By partnering with CyberCube, Trium will gain direct access to curated datasets, models, and signals to be able to confidently make data-driven decisions,” commented Dave Gillmore, CyberCube’s Head of Global Sales.
“As a trusted name demonstrating deep expertise for cyber risk analytics, CyberCube makes a strong partner for us as we embark on the next stage of our cyber journey,” said Josh Ladeau, Trium’s CEO.
