Lockton, the world’s largest independent insurance broker, has adopted CyberCube’s Broking Manager, a cyber risk analytics platform for insurance intermediaries. Lockton has more than 60,000 clients across the globe, and is the world’s eighth-largest broker.
Broking Manager is specifically tailored to the needs of the insurance broking community, allowing users to quantify the sources and financial impact of cyber risk exposure. The platform also produces reports that can be used to educate clients about cyber risk, as well as peer-to-peer benchmarking.
“We’re thrilled that a broker as significant as Lockton has chosen to partner with us,” said Oren Schetrit, director of product for CyberCube. “It’s a huge vote of confidence in Broking Manager, particularly the product’s potential to radically enhance brokers’ awareness of how cyber risk impacts on their business and their clients.”
“We’re excited to add CyberCube’s capabilities to our client-facing analytics strategy,” said Anthony Dagostino, executive vice president and global cyber and technology practice leader for Lockton. “Our approach provides value on many levels by leveraging multiple data sources from the cybersecurity and insurance sectors. Lockton’s data-driven proposition continues to improve accuracy in predictive modelling, capital modelling, and benchmarking for cyber risks.”
“CyberCube has proven to be a low-friction predictive-modelling solution tailored to our clients’ risk profile,” said Colin White, head of cyber analytics at Lockton. “This fits in seamlessly as one pillar in the comprehensive discussion of the qualitative and quantitative factors influencing the limit purchase decision.”