CyberCube improves cyber analytics solution for brokers
Cyber risk analytics provider CyberCube has launched Version 2.0 of Broking Manager, its software-as-a-service solution designed specifically for insurance brokers.
According to CyberCube, the solution aims to empower brokers to instantly produce cyber financial loss reports while providing companies with rich information to help them articulate their clients’ cyber exposure, whether they specialise in cyber insurance or not.
The new edition of Broking Manager includes enhancements in the workflow, usability, and risk transfer benchmarking. With the update, Broking Manager streamlines team-oriented workflows with sharing and co-editing features to simplify internal hand-offs and allow brokers to work on accounts together.
The addition of a Summary Report optimised for broker-client touch points supports insurance transfer discussions, it also incorporates enhancements to improve usability as well as more robust risk transfer benchmarking insights with the latest purchasing trends and peer customisation for more tailored and direct peer comparison.
Natalie Chin, CyberCube’s senior principal product manager for Broking Manager, explained: “Brokers play a vital role in helping clients identify and manage cyber risk. By providing them with the cyber exposure insights they need, in a ready-for-communication format, Broking Manager supports and streamlines their conversations to a wide array of audiences.”
Ashwin Kashyap (pictured), co-founder of CyberCube and chief product officer, added: “As cyber insurance needs’ mature, the market needs a standard in quantifying and communicating risk across the value chain. As trusted advisors to companies on their cyber insurance purchase, insurance brokers play a very important role in the ecosystem by connecting insurance buyers with carriers. CyberCube has created a market standard via Broking Manager that streamlines the discussion on cyber risk at the point of purchase using methods that are widely accepted by the insurance value chain.”
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