CyberCube offers additional cyber-specific ‘best-in-class’ data and analytics to improve underwriting insight
LONDON, November 18, 2024 – AdvantageGo, a leading commercial (re)insurance software provider, part of Coforge, today announced a strategic alliance with CyberCube, the leading provider of cyber risk analytics to the (re)insurance industry.
Cyber risk analytics specialist CyberCube is the latest partner to join AdvantageGo’s Ecosystem, providing additional cyber-specific ‘best-in-class’ data and analytics that drive underwriting insight.
The partnership integrates CyberCube analytics into AdvantageGo’s Underwriting Workbench, offering insights into risk signals, cyber events, peer risk comparisons, and technology-driven data, and providing the cyber insurance underwriter with a holistic perspective on cyber risk. This data seamlessly combines with existing multi-partner information and internal data sources to create a comprehensive risk view.
The partnership expands a first-of-a-kind achievement in layering a growing number of ecosystem data providers offered to clients through the cyber-specific product as part of AdvantageGo’s Underwriting Workbench, designed expressly to drive risk specific insight for cyber underwriters.
CyberCube offers cyber underwriters unparalleled data, analytics and modelling capabilities, including pricing and benchmarking, portfolio scoring, assessing marginal risks, and faster risk selection, from SMEs to large corporates.
The AdvantageGo Ecosystem offers insurers the choice of leading best-of-breed technology providers through a single source to accelerate digitisation. The ecosystem delivers a comprehensive technology proposition through a single source to accelerate and digitise operations.
“Partnering with CyberCube is a big win for clients and the AdvantageGo Ecosystem, primarily because we know that CyberCube offers cyber carriers a game-changing capability,” commented Ian Summers, Global Business Leader, AdvantageGo.
“This powerful addition is now integrated with AdvantageGo’s Underwriting workbench proposition, itself tailored for cyber underwriters and greatly boosted by this partnership,” Summers continued.
“Cyber carriers look towards CyberCube as the best of its kind service provider in this space, and this is precisely what the Ecosystem project is about, ensuring that we build partnerships like this, to provide a simplified approach to Insurtech for international and specialty (re)insurers,” Summers added.
“Adding AdvantageGo to CyberCube’s Tech Partner Ecosystem provides our mutual clients an optimised underwriting workflow,” said Ross Wirth, VP, Head of Strategic Tech Ecosystem, CyberCube.
“By automatically delivering the world’s leading predictive cyber analytics at the point of decision-making, underwriters leveraging the AdvantageGo Underwriting Workbench will be able to customise their offerings to meet the needs of their insureds in real time,” Wirth continued.
“As we continue to move from a Property & Casualty world to a Property & Casualty & Cyber world it is crucial that underwriters have up to date exposure, security, and financial information in their workflows to make decisions. Our partnership with AdvantageGo enables that foundation,” Wirth concluded.
About CyberCube
CyberCube is the leading provider of software-as-a-service cyber risk analytics to quantify cyber risk in financial terms. Driven by data and informed by insight, we have harnessed the power of artificial intelligence to supplement our multi-disciplinary team. Our clients rely on our solutions to make informed decisions about managing and transferring cyber risks. We unpack complex cyber threats into clear, actionable strategies, translating cyber risk into financial impact on businesses, markets, and society as a whole.
The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company. Our models are built on an unparalleled ecosystem of data and validated by extensive model calibration, internally and externally. CyberCube is the leader in cyber risk quantification for the insurance industry, serving over 100 insurance institutions globally. The company’s investors include Forgepoint Capital, HSCM Bermuda and Morgan Stanley Tactical Value. For more information, please visit www.cybcube.com or email info@cybcube.com.
Contact: Yvette Essen, Head of Content, Communications & Creative, yvettee@cybcube.com
Learn more at www.cybcube.com
About AdvantageGo
AdvantageGo helps insurance companies to look from an increasingly precarious future back to today. The difference is clarity. And profit. By bringing the future more efficiently and effectively into the present, we position insurers´ profits at the heart of their business – today, not tomorrow. Our pioneering platform and 25 years of experience mean AdvantageGo offers insurers the IT agility they need to create an intelligent digital strategy.
Learn more at www.advantagego.com
AdvantageGo Media contact:
David Benyon
david.benyon@advantagego.com
About Coforge
Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries, and partnerships with leading platforms provide us with a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration, and Automation technologies to transform client businesses into intelligent, high-growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries.
Learn more at www.coforge.com