Cyber risk analytics provider CyberCube has been chosen by re/insurance broker McGill and Partners for its Portfolio Manager and Broking Manager platforms.
CyberCube’s Portfolio Manager is a scenario-based data-driven model that enables risk professionals to develop insights for their senior leadership and teams. It stress tests portfolios of insurance and reinsurance risks against a range of systemic cyber-related scenarios including data breaches, cloud outages, global ransomware attacks and financial fraud.
Broking Manager is the first software-as-a-service application that CyberCube has built specifically for the insurance broker market. It enables the analysis of potential financial exposure impacts arising from cyber events to help clients make informed decisions on coverages and limits.
Neil Sharma, partner for reinsurance at McGill and Partners, said: “We are looking to bring all stakeholders in the cyber value chain together; collaborating between our insurance and reinsurance teams and partnering with CyberCube’s platforms which help deepen our understanding of the risks allowing us to provide best-in-class solutions to our clients.”
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