CyberCube announced a partnership with HUB International (HUB), a full-service global insurance broker and financial services firm.
With the expanded partnership, HUB will now reportedly have the option to leverage CyberCube’s software and services in order to “deliver cyber risk analytics” to its clients across the North America region.
HUB will be using CyberCube’s Broking Manager to advise clients on their financial exposure to “cyber risk and inform effective risk transfer strategies.”
HUB’s Professional & Executive Risks (ProEx) team specializes in professional and executive liability insurance and risk solutions, and this partnership will help clients “navigate the changing cyber risk landscape.”
Nate Brink, Head of Broker Partnerships with CyberCube, said:
“We look forward to supporting HUB to assist insurance buyers with the leading cyber insurance analytics for risk transfer decision making. The expanded partnership is a testament to the valuable role CyberCube plays in helping cyber insurance buyers to make data-driven decisions.”
Nathan Hansen, Senior Vice President, U.S. Cyber & Technology Practice Leader for HUB’s ProEx team said:
“Our partnership with CyberCube allows HUB ProEx specialists access to an innovative tool to proactively approach cyber placements, leading our clients to make informed and well-reasoned decisions regarding their cyber programs.”
As covered, CyberCube is the provider of software-as-a-service cyber risk analytics to quantify cyber risk in financial terms.
Driven by data and informed by insight, they have harnessed the power of artificial intelligence to supplement their “multi-disciplinary” team.
Their clients rely on our solutions to “make informed decisions about managing and transferring cyber risks.”
They unpack complex cyber threats into “clear, actionable strategies, translating cyber risk into financial impact on businesses, markets, and society as a whole.”
The CyberCube platform was established in 2015 within Symantec and now operates as a “standalone company.”
Their models are built on an ecosystem of data and “validated by extensive model calibration, internally and externally.”
CyberCube is the service provider focused on cyber risk quantification for the insurance industry, serving more than 100 insurance institutions.
The firm’s investors reporteldy include the following: Forgepoint Capital, HSCM Bermuda and Morgan Stanley Tactical Value.
