The partnership will embed CyberCube’s cyber risk information into the Cytora platform giving insurers a superior view of cyber exposure risks, driving GWP growth and reducing the loss ratio.
Cytora, the digital risk processing platform, and CyberCube, the cyber risk analytics provider, have partnered to provide commercial insurers with a more streamlined and informed understanding of cyber risk.
Through the partnership, CyberCube’s cyber risk analytics and modelling capabilities will be integrated into Cytora’s platform to enable underwriters to access real-time data and insights and have a more informed view of cyber risks paired with potential threats and vulnerabilities. The comprehensive information about risks will support commercial insurers in faster and better decision-making.
The partnership builds on a growing ecosystem of data and insight providers pre-integrated into the Cytora platform enabling an integrated end-to-end customer journey.
Juan de Castro, COO of Cytora, said: “As businesses become more reliant on technology, cyber risks are becoming a significant concern for commercial insurance underwriters. Our partnership with CyberCube will provide underwriters with the insights they need to better understand their clients’ cyber risks and make more informed underwriting decisions. This is an important step in our mission to empower insurers with the tools they need to make more data-driven decisions and to better manage risk.”
Ross Wirth, CyberCube’s Head of Client Engagement & Technology Partnerships commented: “We are excited to partner with Cytora to power underwriter decisions, via more complete understanding of the cyber risks facing their clients. Our advanced modelling and analytics capabilities, combined with Cytora’s innovative risk processing platform, will enable underwriters to make more accurate, data-driven underwriting decisions, and to protect their clients against cyber risks.”
ENDS
