London, 10 July, 2023 – CyberCube, the leading cyber analytics firm, announced today that BFL CANADA will license its Broking Manager product to help clients make better informed cyber insurance coverage and limit decisions.
BFL CANADA is one of the largest risk management, insurance brokerage and benefits consulting firms in Canada. It will utilize Broking Manager to show clients their financial exposure based on their unique security profiles.
Broking Manager is the first software-as-a-service application CyberCube has built specifically for the insurance broking community. It offers a streamlined approach to analyzing potential financial exposure impacts arising from cyber events that helps clients make informed decisions on coverages and limits.
Nate Brink, CyberCube Sales Manager, said: “We are thrilled to support a leading insurance brokerage and consulting firm in BFL Canada. BFL has built a strong reputation for delivering insurance and risk consulting solutions for clients. We're excited BFL has chosen to use our cyber risk analytics to support its growth in cyber while better protecting clients."
Walid Khayate, Vice President, National Practice Leader - Cyber Risk & ERM, BFL CANADA, said: “At BFL CANADA, our philosophy is to invest in our talent and to develop in-house technologies and infrastructure. Cyber is a complex space which is continuously evolving and requires risk professionals with a specific skillset. CyberCube gives us access to unique expertise, top-class technology and an approach to better understand and mitigate cyber exposure. This partnership with CyberCube will be key to highlighting the financial impacts of cyber incidents so clients can make coverage and limit decisions.”
Broking Manager complements CyberCube’s two other products: Portfolio Manager and Account Manager, which are designed for insurers and 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 quantify cyber risk to facilitate placing insurance, underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modeling 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. It is backed by Morgan Stanley Tactical Value, Forgepoint Capital, HSCM Bermuda, MTech Capital, individuals from Stone Point Capital and Scott G. Stephenson. For more information, please visit www.cybcube.com or email info@cybcube.com.