Consilium partners with CyberCube to strengthen cyber offering

Global specialty (re)insurance broker Consilium has partnered with cyber risk analytics provider CyberCube to enhance its cyber insurance offering.

Under the agreement, Consilium will use CyberCube’s broking manager platform to provide clients with data driven insights into their cyber risk exposure as part of its insurance placement process.

The platform analyses cyber risk in financial terms, benchmarks organisations against their peers and provides recommendations to help clients determine appropriate levels of cyber insurance cover.

Consilium said the service will be offered to clients free of charge as part of its quoting process.

Ethan Godlieb, associate partner for cyber, tech and fintech at Consilium, said the partnership would strengthen the broker’s international cyber proposition.

“We are delighted to be partnering with CyberCube – a leading risk analytics partner with a strong reputation in the market,” he said.

Data-driven insights

Godlieb said CyberCube’s broking manager platform would provide his firm with a ”valuable competitive edge” and that data driven analytics were particularly valuable in the current market.

“At any point in the cycle, but particularly in a soft market, clients need robust data driven insights to help them understand their cyber risk exposure, select appropriate coverage limits and make informed insurance purchasing decisions,” he added.

CyberCube head of broker sales and account management Nate Brink said: “By leveraging CyberCube’s analytics, Consilium will be able to support clients globally in selecting appropriate cyber insurance limits while strengthening its international cyber offering.”