Use Cases
Account Underwriting
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Account Manager provides:
- Cloud-based technology for near instant access to full-risk reports
- API integration for seamless integration into existing underwriting workflows
- A uniquely impactful data lake of millions of global companies built and maintained through rigorous data validation processes
- Significant data signals based on inside the firewall data and individual network traffic data
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Account Manager allows you to:
- Access CyberCube analytics for high impact exposure, security and data signals
- Develop a 360-degree view of security risk with data from inside the firewall and external measurements
- Understand the digital supply chain relationships of an account
- Integrate seamlessly with APIs into existing underwriting workflows
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- Quantify losses with the industry's leading cyber catastrophe and attritional models
- Obtain both a baseline and a risk-adjusted view of a submission's risk for benchmarking and pricing decisions
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- Supplement your risk selection with proven predictive risk factors
- Benchmark submission against its peer group
- Tailor coverage with relevant signals across multiple threat types
Use Cases AM+PM
Combined Power
Clients licensing both Account Manager and Portfolio Manager are empowered with additional capabilities.
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- Quantifies the financial impact of a single risk on a portfolio using the industry's leading cyber aggregation and attritional model
- Enables proactive and consistent decision-making across both underwriting and portfolio management teams
- Establish single-risk underwriting guidelines and thresholds in place around:
- Cat loss metrics
- Tail diversification measurements
- Return on risk capital thresholds
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- Leverage AM's predictive security and exposure scoring to assess the cyber hygiene of any portfolio quickly
- Regularly monitor your own in-force portfolio(s), program(s), or MGA partners portfolios
Use Cases
Portfolio Management
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Portfolio Manager provides:
- Cloud-based technology allowing for nearly instant access to full risk reports
- A comprehensive cyber risk scenario catalog developed by experts in cybersecurity, threat intelligence, data science, and economics
- Probabilistic and scenario models built by experts in insurance, actuarial science, and catastrophe modeling
- Terabytes of external and internal security data, enterprise data and historical losses with multi-disciplinary analytics
- Flexibility to model various scenarios, wordings, and structures to assess how key portfolio metrics may influence reinsurance purchasing.
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Portfolio Manager provides:
- A comprehensive cyber risk scenario catalog developed by experts in cybersecurity, threat intelligence, data science, and economics
- Probabilistic and systemic cyber risk scenario models built by experts in insurance, actuarial science, and catastrophe modeling
- Petabytes of external and internal security data, enterprise data and historical losses with multi-disciplinary analytics
- Cloud-based technologies allow for nearly instant access to full-risk reports
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CyberCube solutions enable you to:
- Understand digital supply chain risk concentrations and manage cyber accumulations
- Improve your understanding of the primary risk drivers across the tail
- Identify which technologies are driving losses
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CyberCube solutions enable you to:
- Assess both potential and active accumulation events through the combination of Portfolio Manager and SPOF Intelligence
- Identify potentially impacted companies during an ongoing event quickly
- Plan actions and communications based on the likely magnitude of an event
- Quantify the financial impact of events as they occur
How can Portfolio Manager help?
- Gain a broader view across the spectrum of P&C risks
- Map cyber perils to P&C lines of business and model the results of our carefully designed scenarios in a probabilistic manner
- Run ‘what-if’ analyses on exposures to help determine if the risk in any line of business is substantial and warrants timely action
- Assess multi-line accumulation, as a systemic cyber event might result in losses across multiple policies
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Stephen Ridley
Head of Cyber
Aviva selected CyberCube "to help us grow our cyber book in a sustainable and profitable manner — but it will also play an important role in helping our customers improve their security capabilities and mitigate risks before they become an issue. Furthermore, CyberCube’s risk selection expertise will help us ensure that we have a strong grip on our potential exposure to systemic cyber risks".
Insurer solutions
Cyber underwriting and portfolio risk management tools
Solutions
Account Manager
- Make data-driven underwriting risk selection and pricing decisions
- Filter out the noise and contextualize key risk and loss data
- Quickly identify the accounts that fall within your underwriting guidelines
- Assess the impact of a single risk on a portfolio (Marginal Risk Module with AM + PM)
- Integrate Account Manager analytics into underwriting workflows with CyberConnect APIs
Portfolio Manager
Make informed decisions
- Access the broadest array of realistic scenarios available in the industry for a transparent, industry-validated assessment of your portfolio risk
- Analyze your silent cyber risk across all lines of business
- Probabilistically quantify aggregation and attritional losses
- establish risk appetite
- optimize portfolios
- forecast performance
- Refine analysis options with controls to adjust frequency, severity, and other assumptions
Establish your own view of risk
- Stress test scenarios against your own portfolio(s) to develop and represent your company’s own robust, realistic and validated view of risk
- Uncover portfolio-level insights for your senior leadership and working teams
- Refine your organization’s risk management strategies
- Determine optimal pricing
SPoF Intelligence
- View technology dependencies in your portfolios
- Understand any risk's digital supply chain risk concentrations
- Improve claims response to cyber events
- Manage cyber accumulations
Industry Exposure Databases
- Analyze potential growth strategies
- Perform real-time event analyses and sensitivity analyses
- Create proxy portfolios for planning purposes
- Validate models and manage model changes
- Conduct industry benchmarking analysis
Related capabilities
- Optimize your portfolio with
Attritional Loss Model (ALM) - Integrate your workflow seamlessly with CyberConnect
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