DUAL Group has entered right into a collaboration with cyber danger analytics supplier CyberCube to advance its underwriting choices and supply worth to shoppers and brokers.
The alliance goals to mix the underwriting experience of DUAL with CyberCube’s modelling instruments and software programming interfaces (APIs), supporting faster decision-making in a posh danger panorama.
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It should present DUAL’s underwriting groups with insights to help brokers and shoppers with new options.
DUAL will utilise CyberCube’s analytics to ship actionable intelligence for day-to-day underwriting in addition to disaster modelling.
CyberCube gross sales head Dave Gillmore stated: “By licensing Portfolio Supervisor, SPoF, Account Supervisor, Attritional Loss Mannequin and our APIs, DUAL is equipping its underwriting groups with highly effective insights for each day-to-day underwriting and disaster modelling.
“This long-term strategic partnership displays our shared imaginative and prescient to develop the cyber insurance coverage market profitably.
“We’re excited to help DUAL in strengthening its place as a frontrunner in cyber underwriting, whereas collectively advancing the resilience and progress of the cyber insurance coverage business as an entire.”
DUAL, established in 1998, now employs greater than 1,750 people in 21 nations throughout Europe, Asia-Pacific and the Americas.
DUAL group chief innovation officer Scott Sayce stated: “Our imaginative and prescient isn’t just about scale, it’s about management and sustainability.
“By investing in folks, know-how and partnerships, we’re creating actionable worth for our shoppers and serving to to form the way forward for cyber insurance coverage.”
CyberCube supplies software-as-a-service (SaaS) cyber danger analytics, quantifying cyber danger in monetary phrases.
The corporate utilises analytics, information, AI, and human experience to supply providers to its world consumer base.
Final month, Envoy Insure, a digital platform for insurance coverage brokers, introduced a know-how ecosystem partnership with CyberCube to embed cyber danger analytics into dealer workflows.
