MAPFRE RE has signed a three-year agreement with CyberCube to enhance its cybersecurity risk management capabilities. The partnership allows the global reinsurer to license CyberCube’s cyber risk analytics tools.
MAPFRE RE Licenses CyberCube’s Risk Assessment Solutions
MAPFRE RE will use CyberCube’s cyber accumulation solution to improve risk assessment. This move aligns with the broader and growing demand for cyber insurance.
Enhancing Cyber and Digital Risk Analysis
CyberCube’s technology helps insurers analyze cyber risks in financial terms. The partnership aims to provide better risk insights and more accurate accumulation management.
Juan Marcano, Principal Alternative Risk Transfer at CyberCube, highlighted the company’s expertise, stating, “MAPFRE RE chose CyberCube due to our knowledge, experience, and unparalleled cyber expertise that positioned us as the ideal partner for its accumulation management objectives.”
Industry Experts Comment on the Collaboration
Oscar Taboada, Head of Cyber at MAPFRE RE, emphasized the company’s commitment to advanced risk assessment tools. “CyberCube’s solutions will enhance our ability to manage cyber accumulations effectively and expand our footprint in different markets,” he said.
MAPFRE RE operates globally with 18 offices and is a part of MAPFRE Group. CyberCube provides cyber risk analytics software to over 100 insurance institutions worldwide.
Other News: CyberCube Touts Cyber Insurance Tool for Brokers(Opens in a new browser tab).
