As tech evolves it’s always good to have more tools to utilise, here’s the word;
CyberCube, the leading provider of cyber risk analytics for the insurance industry, has launched a new feature in its Broking Manager tool as cyber brokers seek to grow in Asia Pacific, the Middle East, and Latin America.
Regional Risk Transfer Benchmarking will enable brokers to make faster, more confident cyber insurance placement decisions by benchmarking their clients against the regional market. The feature has been added to Broking Manager, CyberCube’s analytics platform, which enables intermediaries to communicate cyber risk to clients effectively and illustrates the financial exposure and benchmarking details needed to substantiate cyber insurance recommendations.
Nate Brink, CyberCube’s Head of Broker Partnerships, said: “In addition to benchmarking clients against the global market, brokers can now compare clients against selected regional peer groups, providing more insight into the realities of local market buying behavior.”
Regional Risk Transfer Benchmarking introduces geography-specific peer comparisons across North America, Europe, the Middle East and Africa (EMEA), Asia Pacific (APAC), and Latin America (LATAM). Region-specific benchmarks have been specifically requested to help unlock growth in the Small to Medium Enterprise (SME) market.
The enhancement to Broking Manager further underscores the growth potential of the international cyber (re)insurance market. In March, CyberCube launched Version 6 of its single-risk offering Account Manager, providing more information on risks globally with conversions available for more than 50 currencies.
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