London, 30 May 2023 – Prudent Insurance Brokers has partnered with CyberCube, the leading cyber risk analytics platform. Through this partnership, Prudent will license CyberCube’s software to assist its clients in making data-driven decisions whilst buying cyber insurance. Moreover, it will safeguard their businesses from the ever-evolving cyber threats that lie ahead.
Prudent, a leading international brokerage firm based in Mumbai serving more than 3,500 clients in over 120 countries, will license CyberCube’s Broking Manager. Broking Manager is a software-as-a-service application built specifically for the insurance broking community. It offers a streamlined approach to analyzing potential financial exposure impacts arising from cyber events that helps clients make informed decisions on coverages and limits.
Neha Anand, Head of Cyber at Prudent, said: “We will be licensing Broking Manager to support our clients across India and abroad. The CyberCube tool helps quantify an organization's cyber risk exposure and predict the corresponding potential financial losses. The biggest benefit is that the losses that can be experienced are mapped by the tool as per the cyber insurance coverages. This helps to evaluate the aggregate financial exposure and derive the limits of insurance for cyber risk transfer.
“Additionally, benchmarking is done on the nine critical threat parameters via industry peers. This will help an organization understand how it scores on crucial parameters such as cloud outage, ransomware, and data theft, in comparison to their competitors on a global footprint.”
Emma Drouineau, CyberCube Sales Associate, said: “We are delighted to be working with Prudent as its cyber analytics partner. Our Broking Manager solution will provide Prudent’s clients with the most pertinent information on their cyber exposure, at a time when the number of ransomware and supply chain attacks is reaching a new peak.”
ENDS
About CyberCube
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 cloud-based platform helps insurance organizations quantify cyber risk to facilitate placing insurance, underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modelling on thousands of points of technology failure.
The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company exclusively focused on the insurance industry, with access to an unparalleled ecosystem of data partners. It is backed by Morgan Stanley Tactical Value, Forgepoint Capital, HSCM Bermuda, MTech Capital, individuals from Stone Point Capital and Scott G. Stephenson. For more information, please visit www.cybcube.com or email info@cybcube.com.
About Prudent Insurance Brokers
With a legacy of 22 years, Prudent Insurance Brokers has become a formidable titan in the insurance advisory market. It has enjoyed a revenue CAGR of over 25% since its inception which also services clients across 120 countries. Today, Prudent has over 1,000 of the finest insurance professionals in the industry, servicing mid to large corporate clients across the entire spectrum of their risk and insurance needs.
For press queries contact:
Yvette Essen, Head of Content, Communications & Creative, yvettee@cybcube.com