Strategic Partnership Targets Financial Clarity in Cyber Risk
Insurance broker Lockton has formed a strategic partnership with cybersecurity risk analytics provider Axio. The collaboration aims to help organizations understand and communicate their cyber risks in financial terms using advanced data tools. The press release announcing the news touches on some modern-day realities in the cybersecurity insurance world. Summing it up, it is a time when corporate boards, regulators, and insurers are increasingly pressing for greater transparency and accountability in cyber preparedness. This partnership hopes to provide businesses with the data-driven insights to make informed investment decisions, security controls, and cyber insurance coverage.
Growing Threats Demand Deeper Cyber Risk Insights
Cyber threats continue to grow in both frequency and complexity. This partnership allows Lockton clients to move beyond basic risk assessments. Axio’s platform helps quantify potential financial impacts from cyber incidents.
Partnership Expands Risk Management Tools
Michelle Faylo, U.S. Cyber & Technology Leader at Lockton, said, “This partnership enables us to leverage Axio’s advanced tools and expertise. It equips our clients with innovative risk quantification solutions, so they can confidently navigate an increasingly complex cyber threat landscape.”
Multi-Layered Risk Model Delivers Customized Intelligence
Axio’s model analyzes business disruption, industry-specific impacts, and a client’s unique technical setup. The multi-layered approach delivers actionable insights tailored to each business.
Partnership Sets New Cyber Resilience Standard
Scott Kannry, CEO of Axio, added, “Together, we are setting a new standard in cyber resilience. Our partnership with Lockton unites our expertise to ensure businesses receive the most comprehensive support when managing cyber risks.”
Real-Time Integration Between Axio360 and Scout Platform
Lockton and Axio are also integrating their analytics platforms. Axio360 will connect with Lockton’s Scout platform through APIs. This real-time integration will give Lockton’s cyber brokers deeper insight and improved data-driven capabilities.
Partnership Supports Risk Transparency and Faster Decision-Making
Clients will benefit from faster access to critical information. The tools will help inform decisions on cybersecurity investments and insurance policies. The partnership supports growing demands for transparency and accountability in cyber risk management.
Other News: Axio Unveils Tool to Streamline Cyber Risk Quantification(Opens in a new browser tab)
