Yvette Essen: Portfolio Manager, one of CyberCube’s flagship products, has been recognized for innovation. I’m Yvette Essen, Head of Content, Communications, and Creative at CyberCube. Joining me today is Jon Laux, Vice President of Analytics. Jon, can you tell us a bit about Portfolio Manager, when it launched, and its goals?
Jon Laux: Portfolio Manager was launched in early 2018. It’s a cyber catastrophe model designed to help insurance organizations identify accumulation risks and quantify financial exposure to cyber events. A key focus is on Single Points of Failure (SPoFs), similar to fault lines in natural catastrophes, where cyber vulnerabilities can lead to significant claims.
Yvette Essen: You mentioned that it launched in 2018. How has it evolved since then?
Jon Laux: The model has matured significantly alongside the cyber market. We’ve added new event classes and improved data granularity, helping clients with more detailed analysis. Additionally, we’ve developed a robust model validation process to ensure accuracy and usefulness for our customers.
Yvette Essen: Who primarily uses Portfolio Manager today?
Jon Laux: Our primary users include insurance carriers, reinsurers, and brokers. We’re also seeing growing interest from the public sector and investors in insurance-linked securities like catastrophe bonds.
Yvette Essen: Portfolio Manager is now in version 5. Can you highlight a few key features?
Jon Laux: In version 5, we’ve organized our event catalog into higher-level event families, making it more accessible, even for non-experts. We’ve also updated the model to align with current policy language and coverage concerns, including widespread event language to better segregate risks.
Yvette Essen: Thank you for the overview, Jon. For more information about Portfolio Manager and other CyberCube products, visit our website at www.cybcube.com.