Insurer Solutions
For Underwriters
Use Cases
Account Underwriting
Account Manager provides:
- Cloud-based technology for near instant access to full-risk reports
- API integration for seamless integration into existing underwriting workflows
- A uniquely impactful data lake of millions of global companies built and maintained through rigorous data validation processes
- Significant data signals based on inside the firewall data and individual network traffic data
Account Manager allows you to:
- Access CyberCube analytics for high impact exposure, security and data signals
- Develop a 360-degree view of security risk with data from inside the firewall and external measurements
- Understand the digital supply chain relationships of an account
- Integrate seamlessly with APIs into existing underwriting workflows
- Quantify losses with the industry's leading cyber catastrophe and attritional models
- Obtain both a baseline and a risk-adjusted view of a submission's risk for benchmarking and pricing decisions
- Supplement your risk selection with proven predictive risk factors
- Benchmark submission against its peer group
- Tailor coverage with relevant signals across multiple threat types
Use Cases AM+PM
Combined Power
Clients licensing both Account Manager and Portfolio Manager are empowered with additional capabilities.
- Quantifies the financial impact of a single risk on a portfolio using the industry's leading cyber aggregation and attritional model
- Enables proactive and consistent decision-making across both underwriting and portfolio management teams
- Establish single-risk underwriting guidelines and thresholds in place around:
- Cat loss metrics
- Tail diversification measurements
- Return on risk capital thresholds
- Leverage AM's predictive security and exposure scoring to assess the cyber hygiene of any portfolio quickly
- Regularly monitor your own in-force portfolio(s), program(s), or MGA partners portfolios
For Portfolio Managers
Use Cases
Portfolio Management
Portfolio Manager provides:
- Cloud-based technology allowing for nearly instant access to full risk reports
- A comprehensive cyber risk scenario catalog developed by experts in cybersecurity, threat intelligence, data science, and economics
- Probabilistic and scenario models built by experts in insurance, actuarial science, and catastrophe modeling
- Terabytes of external and internal security data, enterprise data and historical losses with multi-disciplinary analytics
- Flexibility to model various scenarios, wordings, and structures to assess how key portfolio metrics may influence reinsurance purchasing.
Portfolio Manager provides:
- A comprehensive cyber risk scenario catalog developed by experts in cybersecurity, threat intelligence, data science, and economics
- Probabilistic and systemic cyber risk scenario models built by experts in insurance, actuarial science, and catastrophe modeling
- Petabytes of external and internal security data, enterprise data and historical losses with multi-disciplinary analytics
- Cloud-based technologies allow for nearly instant access to full-risk reports
- Understand digital supply chain risk concentrations and manage cyber accumulations
- Improve your understanding of the primary risk drivers across the tail
- Identify which technologies are driving losses
- Assess both potential and active accumulation events through the combination of Portfolio Manager and SPOF Intelligence
- Identify potentially impacted companies during an ongoing event quickly
- Plan actions and communications based on the likely magnitude of an event
- Quantify the financial impact of events as they occur
How can Portfolio Manager help?
- Gain a broader view across the spectrum of P&C risks
- Map cyber perils to P&C lines of business and model the results of our carefully designed scenarios in a probabilistic manner
- Run ‘what-if’ analyses on exposures to help determine if the risk in any line of business is substantial and warrants timely action
- Assess multi-line accumulation, as a systemic cyber event might result in losses across multiple policies
Partnering with leading institutions to power their growth
Why our clients choose CyberCube
Stephen Ridley
Head of Cyber
Aviva selected CyberCube "to help us grow our cyber book in a sustainable and profitable manner — but it will also play an important role in helping our customers improve their security capabilities and mitigate risks before they become an issue. Furthermore, CyberCube’s risk selection expertise will help us ensure that we have a strong grip on our potential exposure to systemic cyber risks".
Insurer solutions
Cyber underwriting and portfolio risk management tools
Solutions
Account Manager
- Make data-driven underwriting risk selection and pricing decisions
- Filter out the noise and contextualize key risk and loss data
- Quickly identify the accounts that fall within your underwriting guidelines
- Assess the impact of a single risk on a portfolio (Marginal Risk Module with AM + PM)
- Integrate Account Manager analytics into underwriting workflows with CyberConnect APIs
Portfolio Manager
Make informed decisions
- Access the broadest array of realistic scenarios available in the industry for a transparent, industry-validated assessment of your portfolio risk
- Analyze your silent cyber risk across all lines of business
- Probabilistically quantify aggregation and attritional losses
- establish risk appetite
- optimize portfolios
- forecast performance
- Refine analysis options with controls to adjust frequency, severity, and other assumptions
Establish your own view of risk
- Stress test scenarios against your own portfolio(s) to develop and represent your company’s own robust, realistic and validated view of risk
- Uncover portfolio-level insights for your senior leadership and working teams
- Refine your organization’s risk management strategies
- Determine optimal pricing
SPoF Intelligence
- View technology dependencies in your portfolios
- Understand any risk's digital supply chain risk concentrations
- Improve claims response to cyber events
- Manage cyber accumulations
Industry Exposure Databases
- Analyze potential growth strategies
- Perform real-time event analyses and sensitivity analyses
- Create proxy portfolios for planning purposes
- Validate models and manage model changes
- Conduct industry benchmarking analysis
Related capabilities
- Optimize your portfolio with
Attritional Loss Model (ALM) - Integrate your workflow seamlessly with CyberConnect
Discover how to leverage leading cyber risk analytics for your business
Request more infoConsultative Services
Unlock the business value in cyber insurance from our team with hundreds of world-leading experts from data science, cyber security, artificial intelligence, threat intelligence, actuarial science, software engineering and insurance.
Answer challenging cyber questions and grow the addressable market.
Partner with clients and provide high value cyber domain knowledge.
How do we help?
How do we help?
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The SME cyber risk sector is competitive and efficiency is key to success. As an underwriter, you need to be able to select the best risks for your portfolio, while maintaining discipline and following an efficient process. Account Manager combines a large number of data sources — from internal and external security data, historical losses and enterprise data — and applies specialized analytics to produce targeted information on an SME’s cyber risk profile.
With Account Manager, automated processes can instantly access reports on millions of companies globally to rapidly triage and filter for risk quality. Security and Exposure Scores allow for easy insertion into underwriting guidelines and worksheets. Additional data signals determine known technology dependencies to identify potentially critical third party relationships. These scores also allow for easy identification of potentially risky behaviors or processes to identify outsized loss contributors before binding.
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When faced with underwriting individual large risks, underwriters need to be able to sift through significant volumes of information. Provided by various stakeholders within a prospective organization, that information may be incomplete, irrelevant or more technical than is easily digestible. These accounts may be requesting large limits or highly tailored policies while also having potentially extensive third-party liability, as well as complex supply chains and relationship networks. There is also the ever-present threat of an unexpected accumulation event. How, then, can you use data-driven analytics to make better, more educated decisions based on a consistent approach to risk tolerance?
Account Manager delivers curated, predictive signals from a large number of data sources — including internal and external security data, historical losses and enterprise data — and applies specialized analytics to produce targeted information on an organization’s cyber risk profile. It provides a summarized view of the most insurance-relevant risk factors the underwriter needs to focus on, which have been calibrated and validated against real claims and incident data.
With Account Manager, every underwriter has instant access to global reports on millions of companies to rapidly triage and filter risk quality. Security and Exposure scores allow for easy insertion into underwriting guidelines and worksheets. Additional data signals determine known technology dependencies to identify potentially critical third party relationships. These scores also allow for easy identification of potentially risky behaviors or processes that require further discussion with the account.
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How do I set risk tolerance thresholds and inform reinsurance purchases?
Building a forward-looking view of risk to manage portfolio accumulations and set risk tolerance thresholds is a complex and resource-intensive task. Understanding exposure in your portfolio to inform risk appetite, capital allocation and risk transfer strategies are key to building a sustainable portfolio enables portfolio managers to create actionable, insightful management information with an acceptable level of certainty.
CyberCube’s Portfolio Manager is a scenario-based data-driven model that enables risk managers to develop portfolio-level insights for their senior leadership and their working teams. With PM, you can:
- Quickly access visualizations on exceedance probability metrics to include in management information packs.
- Drill down and identify loss drivers and areas of accumulation risk.
- Dive into more granular details by scenario, risk class, and account level statistics.
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Carriers are increasingly motivated to proactively consider where cyber exposure may occur across multiple lines of business. How can carriers set loss reserves and forecast capital requirements for cyber risk allocate loss reserves for the development profile of potential incidents? For insurers, scenario-based modeling is the route forward.
CyberCube’s Portfolio Manager model can run ‘what-if’ analyses on exposures to assess risk exposure across classes and determine appropriate action. CyberCube’s multi-line approach enables a broader view across the spectrum of P&C risks, including aviation, marine, product liability, offshore energy, and kidnap and ransom. A key area of focus is multi-line accumulation, as a systemic cyber event might result in losses, for example, under both D&O and product liability covers.
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The fast-changing nature of cyber risk creates increased uncertainty for risk modelers and portfolio managers trying to identify portfolio exposure accumulations and develop realistic cyber catastrophe scenarios. Risk modelers need the flexibility to vary frequency, severity and other assumptions to dynamically stress test model outputs. Portfolio managers can efficiently stress test their assumptions using CyberCube’s models alone, and/or layer in their own view of risk.
CyberCube’s Portfolio Manager lets you build your own view of risk by enabling the transparency and controls necessary to stress-test varying frequency distributions, frequency modes, and severity modes. Portfolio Manager allows you to drill down and identify loss drivers and areas of accumulation risk across multiple lines of business.
- Yvette Essen
Trium Cyber licenses CyberCube’s Portfolio Manager to support market growth
- Yvette Essen