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Cyberwrite Enhances Predictive Underwriting Tools Through Markel Deal
Cyberwrite has expanded its cyber risk analytics partnership with Markel Insurance. The collaboration now supports advanced cyber underwriting processes across Europe. Markel underwriters utilize Cyberwrite’s AI-based tools to assess and model cyber risk exposures in real time. This helps them communicate findings to brokers and clients more effectively.
“Cyberwrite is proud to be a Markel technology provider. Markel has established itself as a forward-thinking specialty insurer that prioritizes data-driven underwriting precision,” said Nir Perry, CEO and Founder of Cyberwrite.
The platform enables fast and accurate predictions about the probability and economic impact of cyber incidents. These analytics support the development of next-generation catastrophe modeling strategies.
AI Integration Targets Loss Ratios and Underwriting Speed
Cyberwrite’s system allows insurers to benchmark businesses against industry peers and generate localized risk reports in eight languages. Markel says this tool has improved their assessment of risk for small and mid-sized firms.
Underwriters can now quantify risk factors that were previously hard to measure. This enables more tailored coverage suggestions and better risk mitigation for clients.
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Coverage Extends to 99.97% of Global Businesses
Cyberwrite’s data engine can analyze nearly every business globally. This helps address the typical insurance industry problem of inconsistent or incomplete cyber data.
Real-time insights enhance risk certainty during underwriting and reduce guesswork. The expanded partnership aligns with market demands for fast, localized, and accurate cyber threat assessment.
Cyber Risk Analytics
“Our underwriters can now quantify factors that were previously difficult to measure in real-time for any business in local language, enabling brokers to easily explain cyber risks, and giving clients a clearer picture of their specific cyber risks so they know how much cyber coverage to buy, and how to reduce the risk of a breach,” said Frederik Wulff, CEO of Markel Europe.
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