Lockton Re, the reinsurance segment of independent broking giant Lockton, will implement CyberCube’s Portfolio Manager product. The news comes after Lockton rolled out CyberCube’s Broking Manager analytics tool last year.
Portfolio Manager will allow Lockton Re to advise its clients on their portfolio exposures for extreme events and how that could inform their reinsurance purchasing options. The tool allows risk professionals to stress test portfolios of insurance risk so that loss drivers and areas of accumulation risk can be identified.
“We are thrilled that Lockton Re has chosen to use another of our products,” said Pascal Millaire, CEO of CyberCube.