Yvette Essen, head of content and communications at CyberCube, reveals why her firm should win the Excellence in Technology - Service Provider prize at the 2022 Insurance Times Awards
Explain briefly about your entry in the Excellence in Technology - Service Provider category.
Launched in May 2022, Portfolio Manager v4.0 allows insurers to stress test their portfolios against systemic cyber-related scenarios, including data breaches, cloud outages, ransomware and financial fraud.
The tool is a ground-breaking, fully probabilistic cyber catastrophe model that enables insurers to drill down and identify loss drivers and areas of risk accumulation.
Stress testing portfolios against systemic cyber-related scenarios is notoriously hard. CyberCube’s software as a service cyber analytics product leverages state-of-the-art technology and multiple data sources to enable insurance businesses to make better decisions around cyber risk.
The most powerful tool yet for differentiating between seemingly similar risks, Portfolio Manager v4.0 empowers insurers to engineer portfolios towards high performance.
What do you think makes your entry stand out or different from your competition?
Portfolio Manager v4.0 brings unprecedented depth and modelling precision to risks like cloud outage and mass malware.
Its unique footprint methodology enables insurers to anticipate which companies will be affected by a catastrophic cyber attack on a single point of failure.
What would winning this award mean to you and your firm?
With 90% of cyber risks worldwide currently uninsured, this market has huge growth potential. But insurers, rightly, proceed with caution.
Winning this award would raise awareness of how insurers can leverage technology and data to underwrite profitably.
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