French reinsurer SCOR has partnered with data analytics platform CyberCube to expand its capabilities in catastrophe modeling.

As part of the tie-up, the reinsurer has integrated a cyber risk model developed by CyberCube to its CAT Platform, which is designed to manage natural catastrophe risk accumulations.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

This platform is now expanded to cater to cyber risk assessment requirements, accelerating the modeling capabilities of the reinsurer.

SCOR P&C CEO Jean-Paul Conoscente said: “In line with our Quantum Leap strategic plan, under which we are accelerating our use of new technologies, this partnership with CyberCube is a perfect example of how SCOR leverages data management and analysis capabilities to build its knowledge and deliver optimal service to clients.

“This integrated Cyber platform is a major development that will enable us to further deepen and broaden our management of this key risk in the future.”

The new architecture, which became fully operational for the January 1 renewals, is said to scale up SCOR’s cyber exposure management capabilities and its operational efficiencies significantly.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

CyberCube CEO Pascal Millaire said: “We are delighted to have deepened our relationship with SCOR by enabling the team to efficiently and seamlessly assess their cyber exposures and accumulation risks during the critical January 1 renewal season. CyberCube is pleased to be the third-party cyber model of choice for SCOR’s ecosystem.”

In 2019, SCOR Global Life, a subsidiary of SCOR, teamed up with wearable technology company Garmin Health to improve its underwriting in the Asia Pacific region.

In 2018, SCOR signed a £1.2bn longevity reinsurance deal with Pension Insurance Corporation, a specialist insurer of defined benefit pension funds.