London, 4 November, 2024 – Trium Cyber, the authorized service company for Syndicate 1322 at Lloyd’s, is leveraging CyberCube’s cyber risk analytics platform, Portfolio Manager, and its accompanying CyberConnect API product.
In 2023, Trium launched as the first ever Lloyd’s-approved mono-line Cyber syndicate, providing coverage to US-domiciled risks. Shortly thereafter, Trium expanded its offerings to include a UK platform and is focused on providing risk transfer solutions to a global pool of high-quality clients who demonstrate superior security hygiene. The surplus lines insurer was established around a core of industry-leading professionals using the latest proprietary underwriting methodology, cyber risk management, and loss mitigation services. Trium aims to utilize CyberCube’s Software-as-a-Service application to further enhance its data and analytics capabilities, providing visibility into individual account and aggregate risk, and ultimately supporting the construction of a consistently profitable cyber portfolio.
Portfolio Manager (PM) 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 insurance risk portfolios so that loss drivers and areas of accumulation risk can be identified. CyberConnect APIs for Portfolio Manager unlock the power of PM via API, allowing for automation and efficiency gains, tighter workflow integration, and sensitivity testing at scale.
Dave Gillmore, CyberCube’s Head of Global Sales, said: “We’re excited to be working with the team at Trium as it establishes itself in the cyber specialty insurance market. By partnering with CyberCube, Trium will gain direct access to curated datasets, models, and signals to be able to confidently make data-driven decisions.”
Josh Ladeau, Trium’s CEO, said: “As a trusted name demonstrating deep expertise for cyber risk analytics, CyberCube makes a strong partner for us as we embark on the next stage of our cyber journey.”
ENDS
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
About Trium Cyber
Trium Cyber is a specialty insurance underwriter providing cyber and technology errors and omissions insurance coverage to high-quality risks throughout the globe. Writing on behalf of its aligned capital vehicle, Syndicate 1322, Trium is backed by Pelican Ventures.
Trium Cyber, via its US and UK-based management teams, is uniquely positioned to service the global marketplace, offering technical underwriting, complementary cyber risk management, and real-time loss mitigation services backed by the A+ rated security of Lloyd’s of London.
For press queries contact: Ansi Vallens, ansisvallens@fairpoint.net
