Lockton Re is to licence CyberCube's Industry Exposure Database to perform benchmarking, sensitivity and real-time analyses for cyber risks.
Simon Shreeve, principal client account manager at CyberCube, said: “We are delighted that Lockton Re has expanded its partnership with CyberCube to include our exposure databases. This enables Lockton Re to deliver market-wide analytics to help clients develop their underwriting, portfolio and reinsurance strategies. The IED represents a market-vetted and independent dataset offering opportunities for alternative reinsurance structures at a time when finding additional reinsurance capital is critical to the growth of cyber.”
Adam Braithwaite, senior reinsurance actuary, Lockton Re, added: “Being able to answer key questions around the size and shape of the cyber market with high granularity data is a powerful tool. Incorporating the Industry Exposure Database into our analytics platform will enhance the level of insight and services we can provide to our clients with respect to their position in the broader cyber market.”
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