AdvantageGo, a commercial (re)insurance software provider and part of Coforge announced a strategic alliance with CyberCube, a provider of cyber risk analytics to the (re)insurance industry. The partnership integrates CyberCube’s analytics into AdvantageGo’s Underwriting Workbench to enhance underwriting insight with additional cyber-specific data.
CyberCube’s analytics offer insights into risk signals, cyber events, peer risk comparisons, and technology-driven data. This integration provides cyber insurance underwriters with a holistic perspective on cyber risk by combining CyberCube’s data with existing information and internal sources within AdvantageGo’s platform.
Ian Summers, Global Business Leader at AdvantageGo, commented, “Partnering with CyberCube is a big win for clients and the AdvantageGo Ecosystem because we know that CyberCube offers cyber carriers a game-changing capability.” He added that the integration significantly enhances AdvantageGo’s Underwriting Workbench, which is tailored for cyber underwriters.
“Optimized Underwriting”
Ross Wirth, Vice President and Head of CyberCube’s Strategic Tech Ecosystem, stated, “Adding AdvantageGo to CyberCube’s Tech Partner Ecosystem provides our mutual clients with an optimized underwriting workflow.” He emphasized that underwriters using AdvantageGo’s Underwriting Workbench can customize their offerings in real-time by accessing predictive cyber analytics at the decision-making point.
The alliance expands AdvantageGo’s Ecosystem, offering insurers access to leading technology providers through a single source to accelerate digitization. CyberCube’s inclusion enhances the cyber-specific product offerings within AdvantageGo’s platform.
CyberCube was established in 2015 within Symantec. It is now a standalone company that provides software-as-a-service cyber risk analytics to quantify cyber risk in financial terms. Serving over 100 insurance institutions globally, CyberCube helps clients make informed decisions about managing and transferring cyber risks.
AdvantageGo focuses on helping insurance companies bring future insights into present decision-making. With 25 years of experience, AdvantageGo provides insurers with the IT agility needed to develop intelligent digital strategies.
The partnership aims to simplify Insurtech for international and specialty (re)insurers by integrating comprehensive cyber risk analytics into underwriting workflows. As the industry incorporates cyber risk alongside traditional considerations, having up-to-date exposure, security, and financial information becomes crucial for underwriters.
Source: ADVANTAGEGO AND CYBERCUBE STRIKE ECOSYSTEM ALLIANCE.
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