Lockton Re Expands CyberCube Partnership with Industry Exposure Database
Summary
LONDON–(BUSINESS WIRE)–#cyber–Lockton Re, the reinsurance business of the world’s largest privately held independent insurance broker is expanding its partnership with cyber risk analytics leader CyberCube by licensing CyberCube’s Industry Exposure Databases. CyberCube’s Industry Exposure Databases were launched in October 2022 to enable (re)insurers and brokers to perform a wide array of benchmarking, sensitivity, and real-time analyses for cyber risks. With both, clients can view each Exposure Database and run analyses to develop industry loss estimates. Lockton Re already licenses a suite of tools from CyberCube including Portfolio Manager. Portfolio Manager is the (re)insurance industry’s cyber risk modeling platform of choice, allowing stress testing of portfolios against a range of systemic cyber-related scenarios including data breaches, cloud outages, and global ransomware attacks among others.