San Francisco, 1 February 2021 – Having rolled out CyberCube’s Broking Manager cyber analytics tool last year with Lockton the world’s largest independent broker, Lockton Re, the reinsurance part of the business is now investing in another of CyberCube’s products, Portfolio Manager.
Designed to enhance enterprise risk management purposes, Portfolio Manager will allow Lockton Re to advise its clients how their portfolio exposures look for extreme events and how that might inform their reinsurance purchasing options.
Portfolio Manager is a scenario-based data-driven model that enables risk professionals to develop insights for their senior leadership and teams. It also allows stress testing of portfolios of insurance risk so that loss drivers and areas of accumulation risk can be identified.
Pascal Millaire, CyberCube CEO, said: “We’re thrilled that Lockton Re has chosen to use another of our products. This deepens our relationship with the whole of Lockton and will give Lockton’s teams and management a more holistic view of the impact of cyber risk on their clients and their business as a whole.”
Adam Braithwaite, Senior Reinsurance Actuary, Lockton Re, said: “The insurance side of Lockton has been using Broking Manager since last year and has benefited considerably from the insights it offers. For Lockton Re Portfolio Manager will integrate with Lockton Re’s SAGE, our proprietary reinsurance analytics platform, to provide our clients with even greater analytical insights and advice for their cyber portfolios.”
Broking Manager and Portfolio Manager complement CyberCube’s other product: Account Manager, which is designed for risk carriers and is used by leading companies across the insurance ecosystem.
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 cloud-based platform helps insurance organizations make better decisions when placing insurance, underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modelling on thousands of 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 ForgePoint Capital, HSCM Bermuda, MTech Capital and individuals from Stone Point Capital. For more information, please visit www.cybcube.com or email info@cybcube.com.
About Lockton Re
Lockton Re, the global reinsurance business of Lockton Companies, helps businesses understand, mitigate, and capitalize on risk. They’re pushing the reinsurance industry forward with smarter solutions that leverage new technologies—delivered by people empowered to do what’s right for clients.
About Lockton
What makes Lockton stand apart is also what makes us better: independence, Lockton’s private ownership empowers its 8,000 Associates doing business in over 125 countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results.
For 12 consecutive years, Business Insurance magazine has recognized Lockton as a “Best Place to Work in Insurance.” In 2019, Lockton was named a top 50 company to work for in London by Best Companies.
Contact:
Isabella Gaster, Global Head of Marketing, Lockton Re, Isabella.Gaster@uk.lockton.com