Hiscox Adopts CyberCube’s Risk Analytics Software
The deal gives Hiscox access to CyberCube’s Portfolio Manager product, which will stress test Hiscox’s book of global commercial insurance business against a range of cyber-related catastrophe scenarios, such as cloud outages and global ransomware attacks.
CyberCube’s risk-modelling platform enables insurance market participants to strengthen their accumulation risk management and exposure measurement. Cyber risk is a major issue within the international insurance markets as risk carriers seek to identify and quantify cyber risk in both standalone cyber insurance products and individual classes of business such as property.
ENDS
About CyberCube
CyberCube delivers the world’s leading cyber risk analytics for the insurance industry. With best-in-class data access and advanced multi-disciplinary analytics, the company’s Software-as-a-Service platform helps insurance companies make better decisions when underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modeling on over 1,000 single points of technology failure.
The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company exclusively focused on the insurance industry, with access to an unparalleled ecosystem of data partners and backing from
About the
Hiscox is a global specialist insurer, headquartered in
Our values define our business, with a focus on people, quality, courage and excellence in execution. We pride ourselves on being true to our word and our award-winning claims service is testament to that. For more information, visit www.hiscoxgroup.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200112005002/en/
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Source: CyberCube
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