Reinsurance software provider AdvantageGo has announced a partnership with cyber risk analytics provider CyberCube to boost cyber risk underwriting insights.
CyberCube has become the newest partner in AdvantageGo’s Ecosystem, offering additional cyber-specific data and analytics that enhance underwriting insights.
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The partnership integrates CyberCube’s analytics into AdvantageGo’s Underwriting Workbench, delivering insights into risk signals, cyber events, peer risk comparisons and technology-driven data, giving cyber insurance underwriters a holistic view of cyber risk.
The data seamlessly merges with existing multi-partner information and internal data sources.
This partnership builds on a “first-of-a-kind” effort to offer cyber underwriters a complete view of risk by integrating a growing number of ecosystem data providers into AdvantageGo’s Underwriting Workbench – a cyber-specific platform designed to provide detailed, risk-driven insights.
CyberCube provides cyber underwriters with data, analytics and modelling capabilities including tools for pricing, benchmarking, portfolio scoring, evaluating marginal risks and accelerating risk selection, across both SMEs and large corporations.
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By GlobalDataThe AdvantageGo Ecosystem is said to offer insurers access to a curated selection of “best-of-breed” technology providers through a single platform, driving faster digitalisation.
AdvantageGo global business leader Ian Summers said: “Partnering with CyberCube is a big win for clients and the AdvantageGo Ecosystem, primarily because we know that CyberCube offers cyber carriers a game-changing capability.
“This powerful addition is now integrated with AdvantageGo’s Underwriting workbench proposition, itself tailored for cyber underwriters and greatly boosted by this partnership.”
He further added: “Cyber carriers look towards CyberCube as the best of its kind service provider in this space, and this is precisely what the Ecosystem project is about, ensuring that we build partnerships like this, to provide a simplified approach to insurtech for international and specialty reinsurers.”
CyberCube strategic tech ecosystem head and VP Ross Wirth said: “Adding AdvantageGo to CyberCube’s Tech Partner Ecosystem provides our mutual clients an optimised underwriting workflow.
“By automatically delivering the world’s leading predictive cyber analytics at the point of decision-making, underwriters leveraging the AdvantageGo Underwriting Workbench will be able to customise their offerings to meet the needs of their insureds in real time.
“As we continue to move from a property & casualty world to a property & casualty & cyber world, it is crucial that underwriters have up-to-date exposure, security and financial information in their workflows to make decisions.”
Last month, AdvantageGo also formed an ecosystem alliance with Insurants to enable the integration of AI into AdvantageGo’s Underwriting Workbench.
