Aon picks insurtech CyberCube to improve cyber risk modelling capabilities

Re/insurance broker Aon has partnered with cyber risk analytics provider CyberCube to help improve its cyber aggregation risk modelling capabilities.

Aon will use CyberCube’s cyber risk-modeling platform, CyberMetrica, to help its clients on accumulation risk management and exposure measurement who are increasingly looking for guidance on risk transfer for the growing cyber perils.

Catherine Mulligan, global head of cyber for Aon’s Reinsurance Solutions business, said: “Technology is a critical part of an insurer’s armoury. Our collaboration with CyberCube enhances our multi-model approach, which enables insurers to more accurately quantify aggregation in their portfolio for more informed underwriting, while helping customers to understand their own cyber exposures and develop appropriate controls.”

Pascal Millaire, CEO of CyberCube, added: “CyberCube is delighted to support Aon in building the market for one of the largest opportunities – and threats – to the global P&C (re)insurance sector in our generation. Our industry-leading cyber risk-modeling platform is powered by best-in-class data sources and Symantec’s leading threat intelligence. We are pleased to use these capabilities to support Aon and its insurance carrier clients in this important emerging risk.”

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