DUAL Group has entered into a collaboration with cyber risk analytics provider CyberCube to advance its underwriting offerings and provide value to clients and brokers.
The alliance aims to combine the underwriting expertise of DUAL with CyberCube’s modelling tools and application programming interfaces (APIs), supporting quicker decision-making in a complex risk landscape.
It will provide DUAL’s underwriting teams with insights to assist brokers and clients with new solutions.
DUAL will utilise CyberCube’s analytics to deliver actionable intelligence for day-to-day underwriting as well as catastrophe modelling.
CyberCube sales head Dave Gillmore said: “By licensing Portfolio Manager, SPoF, Account Manager, Attritional Loss Model and our APIs, DUAL is equipping its underwriting teams with powerful insights for both day-to-day underwriting and catastrophe modelling.
“This long-term strategic partnership reflects our shared vision to grow the cyber insurance market profitably.
“We are excited to support DUAL in strengthening its position as a leader in cyber underwriting, while together advancing the resilience and growth of the cyber insurance industry as a whole.”
DUAL, established in 1998, now employs more than 1,750 individuals in 21 nations across Europe, Asia-Pacific and the Americas.
DUAL group chief innovation officer Scott Sayce said: “Our vision is not just about scale, it is about leadership and sustainability.
“By investing in people, technology and partnerships, we are creating actionable value for our clients and helping to shape the future of cyber insurance.”
CyberCube provides software-as-a-service (SaaS) cyber risk analytics, quantifying cyber risk in financial terms.
The company utilises analytics, data, AI, and human expertise to offer services to its global client base.
Last month, Envoy Insure, a digital platform for insurance brokers, announced a technology ecosystem partnership with CyberCube to embed cyber risk analytics into broker workflows.
“DUAL to enhance cyber underwriting offerings with CyberCube partnership” was originally created and published by Life Insurance International, a GlobalData owned brand.
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