Global (re)insurance broker Aon, has collaborated with CyberCube’s analytics platform to help in the improvement of its cyber aggregation risk modelling capabilities, along with delivering better solutions to its insurance carrier clients.
Providing a better understanding of potential exposures, CyberCube’s cyber risk-modelling platform will enable Aon to support its clients on accumulation risk management and exposure management when carriers are increasingly looking for guidance on cyber perils.
CyberCube has now been integrated on Aon’s CyberMetrica platform for aggregation management which gives insurers an offer of expertise as part of its multi-model approach.
Catherine Mulligan, global head of cyber for Aon’s Reinsurance Solutions business stated, “Technology is a critical part of an insurer’s armoury,”
“Our collaboration with CyberCube enhances our multi-model approach, which enables insurers to more accurately quantify aggregation in their portfolio for more informed underwriting, while helping customers to understand their own cyber exposures and develop appropriate controls.” she explained.
Pascal Millaire, CEO of CyberCube, added: “CyberCube is delighted to support Aon in building the market for one of the largest opportunities – and threats – to the global P&C (re)insurance sector in our generation.”
“Our industry-leading cyber risk-modelling platform is powered by best-in-class data sources and Symantec’s leading threat intelligence. We are pleased to use these capabilities to support Aon and its insurance carrier clients in this important emerging risk.”