Specialist brokerage Galahad Risk Solutions is set to integrate CyberCube’s Broking Manager and Prep Module solutions into its service offerings.
This move is aimed at enhancing the brokerage’s capabilities in quantifying and visualising the financial impact of cyber incidents for its clients.
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Founded by Beeson, Galahad Risk operates as a specialist insurance broker with a focus on bridging the divide between cybersecurity and insurance.
It assists companies in identifying cyber vulnerabilities, improving security measures and obtaining customised insurance protection.
The collaboration is focused on helping small to medium-sized enterprises (SMEs) and middle market organisations better understand and manage their cyber risk exposures.
CyberCube’s Broking Manager is a cyber risk analytics platform tailored for insurance brokers, facilitating client reporting and loss modelling.
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By GlobalDataAdditionally, the partnership will leverage CyberCube’s Prep Module, which is designed to pinpoint potential cyber threats prior to the commencement of the insurance placement or renewal processes.
Galahad Risk Solutions CEO Ben Beeson said: “SME and middle market companies face increasing cyber threats but often lack the tools and resources to understand their financial exposure. CyberCube’s analytics capabilities will be invaluable in helping us bridge that gap and support our clients with clear, data-driven insights.”
CyberCube broker partnerships head Nate Brink stated: “We are excited to be a part of Galahad’s growth journey and to support Ben’s vision of bringing cyber expertise to a broader segment of the market. This partnership reflects our shared commitment to helping brokers deliver real value to their clients through data-driven insights and education.”
Last month, MAPFRE RE, part of the MAPFRE Group, reached a three-year agreement to license CyberCube’s solutions including its cyber accumulation model.
CyberCube, established in 2015, provides software-as-a-service cyber risk analytics platforms and caters to a global clientele of more than 100 insurance entities.
