InsuranceERM Annual Awards 2023 - Americas

Cyber solution of the year: CyberCube

It's in the name... CyberCube has won cyber solution of the year in InsuranceERM's 2023 America awards.

Having won multiple InsuranceERM awards in the past, CyberCube provides insurance market participants with a range of services, such as datasets, models and solutions to provide firms with insights into cyber risk.

CyberCube says cyber risk is one of the fastest-changing challenges confronting insurers and that its services provide an unprecedented level of insight.

The cyber risk analytics provider explains that its software-as-a-service (SaaS) analytics tools empower insurance advisers, single-risk underwriters and portfolio managers to take on all types of cyber risks with confidence that their strategies are based on the best available data and analysis.

One of its tools, Account Manager V.4.0, designed to assess cyber risk across underwriting portfolios, picked up its own InsuranceERM America award this year, winning analytics solution of the year.

This month, CyberCube also updated its Portfolio Manager SaaS solution. Portfolio Manager allows users to stress-test portfolios against a range of systemic cyber-related scenarios, including data breaches, cloud outages and global ransomware attacks, among others.

In the latest version of Portfolio Manager, re/insurers are able to better understand the ramifications of cyber-specific policy terms and sub-limits through more refined financial modelling controls.

All of these tools, CyberCube says, are underpinned by its expertise in cyber risk and its longstanding pedigree in cybersecurity, insurance and technology.