CyberCube, a cyber risk modeling and analytics business, has released the latest version of Portfolio Manager, its catastrophe model that empowers portfolio-level insights.
CyberCube’s advanced analytics are said to be used by 75% of the top 40 US and European cyber insurance carriers.
For this release, CyberCube said it conducted extensive research with “internal and external cyber experts to understand what will best prepare organizations to avoid the consequences of catastrophic events, if possible, and to recover as smoothly as possible if they cannot avoid it.”
The v6 release is described as making greater use of companies’ security scores and introduces several “new risk modifiers that users may enter based on underwriting information aligned with NIST and CIS security control frameworks.”
Jon Laux, CyberCube’s VP of Analytics, said:
“This release marks an important step forward for our industry. We expect that over time, the new functionality introduced in this model will inform how (re)insurers understand the primary characteristics of cyber risk during underwriting and exposure management.”
The cyber insurance market in 2025 remains highly concentrated in the United States, both in terms of the “percentage of insureds based in America and the prevalence of American technologies and data centers that act as Single Points of Failure (SPoFs) for organizations worldwide.”
CyberCube anticipates that future market growth “will come largely from new geographies across Europe and Asia, and has consequently enhanced and expanded its Enterprise Intelligence Layer (EIL).”
The EIL is a proprietary dataset “representing millions of companies worldwide, built by collecting, curating, and fusing data from multiple public, proprietary, and partner sources.”
Changes to the EIL reflect the development of the cyber market internationally, “with strong growth in data collection focused on countries such as Germany, France, Australia, Spain, Canada, the UK, and Japan”.
Ashwin Kashyap, CyberCube’s Co-founder and Chief Product Officer, said:
“PMv6 represents a major step forward for cyber catastrophe modeling. We have made significant progress in addressing the drivers of diversification and risk mitigation for the benefit of the cyber insurance market. As the market leader in cyber insurance analytics, CyberCube is proud to be the industry’s partner as insurers look to expand thoughtfully into new geographies.”
