Trium Cyber, a Lloyd’s-approved mono-line cyber syndicate, has deployed CyberCube’s PM and CyberConnect API to enhance its cyber risk analytics capabilities.
This move is aimed at supporting Trium Cyber’s market growth and the construction of a profitable cyber portfolio.
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The adoption of CyberCube’s SaaS application is expected to provide visibility into individual account and aggregate risk.
Trium Cyber CEO Josh Ladeau said: “As a trusted name demonstrating deep expertise for cyber risk analytics, CyberCube makes a strong partner for us as we embark on the next stage of our cyber journey.”
PM, a scenario-based, data-driven model, aids risk professionals in developing insights for senior leadership and stress testing insurance risk portfolios.
This helps in identifying loss drivers and areas of accumulation risk by enabling stress testing of insurance risk portfolios.
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By GlobalDataCyberConnect API for PM allows for automation, efficiency gains and tighter workflow integration by unlocking the power of PM via API.
CyberCube global sales head Dave Gillmore said: “We are excited to be working with the team at Trium as it establishes itself in the cyber specialty insurance market.
“By partnering with CyberCube, Trium will gain direct access to curated datasets, models and signals to be able to confidently make data-driven decisions.”
Trium Cyber, a specialty insurance underwriter, provides cyber and technology errors and omissions insurance coverage globally.
Trium Cyber introduced the first-ever Lloyd’s-approved mono-line Cyber syndicate, focusing on US-domiciled risks, and subsequently expanded to include a UK platform for providing risk transfer solutions to global clients.
With management teams in the US and UK, Trium Cyber offers technical underwriting and real-time loss mitigation services.
CyberCube quantifies cyber risk in financial terms using data, AI and a multi-disciplinary team.
Last month, specialist reinsurance broker Miller partnered with CyberCube to enhance its ability to quantify and reduce cyber risks for customers.
