EXL teams with CyberCube to help insurers develop comprehensive cyber insurance offerings
Capturing a wide range of traditional cyber risk measures, including industry-specific threat risk scores, signals and financial loss models, along with non-traditional data and real-time threat assessment, EXL and CyberCube will deliver the critical framework insurers need to develop comprehensive cyber risk policies.
Importantly, the combined offering will help standardize cyber risk underwriting by creating a single view of risk that can be applied consistently and tracked across the organization, creating a common framework across pricing, actuarial, reinsurance partners and the Chief Underwriting Officer. The partnership launch offering will center on underwriting optimization leveraging CyberCube’s single-risk product Account Manager.
“Cyber is a tough class of business and we are seeing an uptick in both frequency and severity of loss activity,” said
“The best insuretech analytics in the world are meaningless if they can’t be integrated seamlessly into the enterprise-wide workflows of the major P&C carriers,” said
“The cybersecurity insurance market is projected to grow from
To learn more about this joint offering from CyberCube and EXL, visit CyberCube at booth #3560 at InsureTech Connect,
CyberCube delivers the world’s leading analytics to quantify cyber risk for the insurance industry. With best-in-class data access and advanced multi-disciplinary analytics, the company’s cloud-based platform helps insurance organizations make better decisions when placing insurance, underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modeling on thousands of points of technology failure.
The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company exclusively focused on the insurance industry, with access to an unparalleled ecosystem of data partners and backing from
EXL (NASDAQ: EXLS) is a leading data analytics and digital operations and solutions company that partners with clients to improve business outcomes and unlock growth. By bringing together deep domain expertise with robust data, powerful analytics, cloud, artificial intelligence (“AI”) and machine learning (“ML”), we create agile, scalable solutions and execute complex operations for the world’s leading corporations in industries including insurance, healthcare, banking and financial services, media, and retail, among others. Focused on driving faster decision-making and transforming operating models, EXL was founded on the core values of innovation, collaboration, excellence, integrity and respect. Headquartered in
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EXL media contacts: Investor Relations
Steven N. BarlowVice President Investor Relations +1 917-596-7684 firstname.lastname@example.org Media - US John RoderickJ. Roderick Public Relations +1 631-584-2200 email@example.com Media – UK, Europe and APAC Anna Price First Light Group+44 203 617 7240 firstname.lastname@example.org Media - India Shailendra SinghVice President Corporate Communications +91 98104-76075 email@example.com CyberCube media contact: Yvette EssenHead of Content & Communicationsyvettee@cybcube.com
Source: ExlService Holdings, Inc.