Leading insurance broker Bishopsgate will be utilizing cyber analytics firm CyberCube’s software to gain a competitive advantage in the cyber insurance market.
Bishopsgate is a specialist broker which operates as part of Ardonagh Specialty, which is the largest independent insurance broker in the London Market with offices around the globe. The firm will license CyberCube’s Broking Manager. Broking Manager is the first Software-as-a-Service application CyberCube has 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.
Emma Drouineau, CyberCube Sales Associate, said: “CyberCube is thrilled to be working with Bishopsgate to help unlock new levels of service for its clients. Broking Manager will allow Bishopsgate to efficiently communicate cyber risk to clients as well as provide enhanced confidence in insurance placements.”
Henry Warner, Head of Cyber, said: “We are delighted to formalize our partnership with CyberCube. This represents the latest addition to our value proposition which centers around a consultative approach to cyber risk. We are committed to adding as much depth in value to our customer base as possible. We were impressed with Broking Manager’s large number of data sources – including internal and external security data, historical losses and enterprise data. By applying CyberCube’s specialized analytics we can utilize targeted information for our clients’ cyber risk profiles.”