Reinsurance Brokers

The dynamic, forward-looking nature of cyber risk – with too few attack precedents to solely use past experience to predict future events – creates increased uncertainty for reinsurance buyers and portfolio managers trying to identify portfolio exposure accumulations and develop impactful reinsurance programs.

For brokers to advise their clients on how their portfolio exposures look for extreme events and how that might inform reinsurance advisory, they need a tool that offers flexibility to vary frequency, severity, and other assumptions to dynamically stress test model outputs.

CyberCube’s Portfolio Manager enables stress-testing by varying frequency distributions, frequency mode and severity modes. Portfolio Manager allows you to drill down and identify loss drivers and areas of accumulation risk.

Identifying accounts that insurers may want to buy facultative coverage for requires understanding the estimated financial loss distributions for an account as well as which cost components may be driving the larger loss scenarios. Additionally, understanding the cybersecurity profiles of such accounts can arm a broker with additional insights to better aid in acquiring relevant reinsurance coverage that will respond in the optimal way given a loss occurs. Knowing where a client can increase or cut back on premium dollars while still hitting their coverage goals is imperative to helping them optimize their budget. This could come through adjusting exclusions, sub-limits, and overall occurrence/aggregate limits.

Account Manager provides detailed visibility into the loss distribution associated with an account. These reports can be quickly created and further tailored based on additional information provided within the risk assessment function to enhance discussions around coverages, limits, sub-limits and additional pre/post-loss services that may be of interest.