CyberCube upgrades Portfolio Manager tool

Cyber analytics provider, CyberCube has upgraded its cyber catastrophe modelling platform to take in changes to the risk landscape over the last two years, including an increased reliance on the cloud, and ransomware attacks.

Portfolio Manager allows insurers to stress test re/insurance portfolios against a range of systemic cyber-related scenarios including data breaches, cloud outages, global ransomware attacks and financial fraud.

The company said the changes reflect an increase in the reliance on the cloud across most industries along with an uptick in the use of ransomware. It added that cyber insurance contracts have also seen a moderate expansion on coverages and limits with business interruption still the core driver of cyber aggregation risk across insurance portfolios.

Josh Pyle, CyberCube’s actuarial director, commented: “Cyber is a dynamic, man-made peril so it's important we update the model to reflect the current threat landscape. This gives us the chance to explicitly address new and revised assumptions and incorporate learning from events that have occurred since the initial launch.

“In this update, we have taken a fresh look at scenario class narratives, event frequencies, occurrence footprints, and scenario-level loss severity calculations. In addition, we’ve added several new scenario classes, addressed user feedback and added functionality so that this product version is even more user friendly and robust.”

    Share Story:

Recent Stories


Are property insurers ready for timber
The Structural Timber Association is gearing up to help all stakeholders in the construction supply chain to fully appreciate the advantages of building in timber, how to deliver such projects and most importantly to understand and manage the risks.

The changing face of BC and WAR
The working environment has changed quite dramatically for many over the last six months. With social distancing and the rise of homeworking, it is not just how businesses operate that has changed, but also how they recover. In this podcast we discuss some of the challenges created by the quick shift to home working, why the office may not have seen its last days and how the current environment can impact the ability of a business to recover.

Advertisement