TechAssure, the global network for insurance brokers specialising in technology risks, will roll out CyberCube’s Broking Manager product to its members worldwide.
CyberCube delivers cyber risk analytics for the insurance industry and is backed by HSCM Bermuda, as well as ForgePoint Capital, MTech Capital and individuals from Stone Point Capital.
TechAssure is a not-for-profit association headquartered in Davidson, North Carolina that was formed in 2000. Its network consists of 30 retail brokerages servicing over 5,000 technology and life science clients globally.
Broking Manager is the first software-as-a-service application CyberCube has built specifically for the insurance broking community, which is designed to streamline brokers’ ability to manage coverages and limits. It will allow TechAssure’s member firms to quantify and explain to their clients the sources and financial impact of cyber risk exposure.
It also produces reports that can help educate prospects and clients on potential sources of loss, recent and relevant cyber events, and peer-to-peer benchmarking.
Pascal Millaire, chief executive officer at CyberCube, said the move was a vote of confidence in CyberCube’s products and insights. “As trusted advisers to technology businesses all around the world, TechAssure’s member firms are only too aware of the rapidly changing nature of cyber risk,” he said.
TechAssure executive director Garrett Droege said: “By using a state-of-the-art software product, TechAssure members will be able to deliver best-in-class guidance on cyber risks for their clients in the innovation ecosystem. As leaders in the technology risk space for over 20 years, TechAssure sees CyberCube’s Broking Manager as one of the leading analytics platforms available for cyber risk management.”
TechAssure, CyberCube, Pascal Millaire, Garrett Droege