M&T Insurance Agency, Inc. Enables Clients to More Efficiently Manage Cyber Risk Through CyberCube’s Broking Manager Platform
BUFFALO, N.Y., July 1, 2020 – Clients of M&T Insurance Agency, Inc. (MTIA), a fast-growing provider of commercial insurance and risk management solutions that is part of the M&T Bank Corporation family (“M&T”) (NYSE: MTB), will now benefit from a new cyber risk analytics platform designed to provide mid-sized businesses with access to data and models that enable them to more effectively manage risks associated with cyber events.
The Broking Manager risk analytics platform from CyberCube empowers MTIA clients and insurance professionals to quantify the sources and potential financial impact of their cyber risk exposure. Through education and visualization, clients will gain a strong understanding of potential vulnerabilities. The platform also produces reports on potential sources of loss and peer-to-peer benchmarking, providing further insights and guidance to clients.
“Our approach has always been to focus on our client’s risk exposure and to create thoughtful solutions to help mitigate potential losses,” said Jeffrey Batt, Cyber Insurance Practice Leader at MTIA. “We take our clients’ exposure to cyber risk very seriously and continue to evaluate new tools that enable us to provide a comprehensive look at the potential financial impacts of cyber events.”
“Broking Manager was designed and built explicitly for the insurance community,” said Oren Schetrit, director of Product for CyberCube. “Cyber concerns are a primary liability concern for many organizations, but oftentimes it’s difficult to quantify vulnerabilities. We know brokers play a vital role in helping clients identify and manage their risk. I am confident Broking Manager will be a great value add for M&T Insurance Agency’s client portfolio.”
To learn more about MTIA’s cyber risk insurance, visit MTIA’s content library.
About M&T Insurance Agency, Inc.
MTIA is a full-service insurance agency providing property & casualty, surety and employee benefits solutions to commercial customers as well as personal insurance for business owners, executives and high net worth individuals. The firm has locations across the Mid-Atlantic and Northeastern United States and works with a wide variety of clients to understand their organizations and industry dynamics to find solutions that safeguard businesses. M&T Insurance Agency, Inc. is part of the M&T Bank family, which has more than 160 years of experience providing financial services to businesses and consumers.
About M&T Bank
M&T Bank Corporation is a financial holding company headquartered in Buffalo, New York. M&T’s principal banking subsidiary, M&T Bank, operates banking offices in New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and the District of Columbia. Trust-related services are provided by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.
CyberCube delivers the world’s leading cyber risk analytics for the insurance industry. With best-in-class data access and advanced multi-disciplinary analytics, the company’s Software-as-a-Service platform helps (re)insurance organizations make better decisions when advising clients on the financial impact of cyber risk, underwriting individual risks or managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modeling on thousands of points of technology failure.
Insurance products are offered by M&T Insurance Agency, Inc., not by M&T Bank. Insurance policies are obligations of the insurers that issue the policies.
Insurance Products offered are: Not FDIC insured; Not a deposit in, obligation of, nor insured by any federal government agency; Not guaranteed or underwritten by the bank; Not a condition to the provisions or terms of any banking service or activity.
© 2020 M&T Insurance Agency, Inc.
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