QBE partners with CyberCube to improve cyber capabilities

QBE has partnered with CyberCube, where it roll out the insurtech’s analytics platform designed to enable insurers to better understand cyber risk

Australia-headquartered QBE has announced plans to roll out a range of products from cyber risk analytics firm CyberCube, including its Account Manager and Portfolio Manager platforms.

Dave Gillmore, CyberCube’s Head of Global Sales, said: “As one of the world's leading international (re)insurers, QBE understands the growing significance of cyber risk. We are delighted QBE has selected CyberCube to partner with in order to further enhance its cyber capabilities. Direct access to our in-house cyber experts will assist in the growth and development of QBE’s global underwriting teams.”

QBE will also be utilising the CyberCube Academy, the firm’s training offering. The insurer will also have access to CyberCube’s enhanced Concierge service, which provides the latest insights concerning the changing threat landscape.

Tackling the growing cyber risks

QBE is one of the world’s leading insurers, with operations in 27 countries worldwide and offers a broad range of commercial, personal and specialty products and risk management solutions, including cyber and professional indemnity.

Geoff de Mallet Morgan, QBE EO’s Head of Financial Lines, said: “In such a dynamic and complex risk environment we are delighted to be partnering with CyberCube. There is no substitute for detail in this area and the CyberCube services provide insight and clarity that supports our underwriting resilience and enhances our overall customer offering.”

The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company exclusively focused on the insurance industry.

Portfolio Manager is a scenario-based data-driven model that enables risk professionals to develop insights for their senior leadership and teams. It also allows stress testing of portfolios of insurance risk so that loss drivers and areas of accumulation risk can be identified.

Account Manager is designed for risk carriers and is used by leading companies across the insurance ecosystem. It enables underwriters to make efficient, data-driven risk selection decisions. CyberCube Academy is an online learning platform, condensing CyberCube’s multi-disciplinary expertise into a series of short online courses and moderated student sessions. 

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