Having rolled out CyberCube’s Broking Manager cyber analytics tool last year with Lockton the world’s largest independent broker, Lockton Re, the reinsurance part of the business is now investing in another of CyberCube’s products, Portfolio Manager.
Designed to enhance enterprise risk management purposes, Portfolio Manager will allow Lockton Re to advise its clients how their portfolio exposures look for extreme events and how that might inform their reinsurance purchasing options. Portfolio Manager is a scenario-based data-driven model that enables risk professionals to develop insights for their senior leadership and teams. It also allows stress testing of portfolios of insurance risk so that loss drivers and areas of accumulation risk can be identified.
Pascal Millaire, CyberCube CEO, said: “We’re thrilled that Lockton Re has chosen to use another of our products. This deepens our relationship with the whole of Lockton and will give Lockton’s teams and management a more holistic view of the impact of cyber risk on their clients and their business as a whole.” Adam Braithwaite, Senior Reinsurance Actuary, Lockton Re, said:
“The insurance side of Lockton has been using Broking Manager since last year and has benefited considerably from the insights it offers. For Lockton Re Portfolio Manager will integrate with Lockton Re’s SAGE, our proprietary reinsurance analytics platform, to provide our clients with even greater analytical insights and advice for their cyber portfolios.”
Broking Manager and Portfolio Manager complement CyberCube’s other product: Account Manager, which is designed for risk carriers and is used by leading companies across the insurance ecosystem.