CyberCube, a provider of cyber risk analytics for the insurance industry, and Blackpanda, Asia’s leading cyber incident response company, have partnered to bring cyber risk analytics to brokers across Asia through Broking Manager.
CyberCube noted that cyber risk models used across Asia have typically been benchmarked against a single global average.
Under the collaboration, CyberCube’s cyber risk analytics platform for brokers, Broking Manager, which is used across 40 countries, now includes an Asia-Pacific (APAC) regional view alongside its existing loss severity, incident frequency and security posture benchmarks. This enables peer comparisons to better reflect the markets in which brokers’ clients operate.
As part of the partnership, Blackpanda will refer local brokers across Asia to CyberCube and license Broking Manager for use with its own broker relationships, while its incident response team remains on call for referred clients.
CyberCube has also licensed Blackpanda’s aggregated, anonymised incident data for regional research.
Brokers in Asia can request an introduction to Broking Manager through Blackpanda.
Nate Brink, Head of Broker Sales & Account Management, CyberCube, said, “Brokers across Asia have told us for years that a single global benchmark doesn’t reflect what they’re actually seeing in the market. This partnership brings Broking Manager’s regional benchmarking to brokers across Asia, backed by Blackpanda’s reach and incident response expertise in the region, so they can have a more grounded conversation with their clients about exposure and coverage.”
Gene Yu, Founder and CEO of Blackpanda, said, “Clients are asking their brokers harder questions about cyber exposure and how much cover is enough.
“Broking Manager gives brokers a structured way to answer them: the financial-loss analytics and peer-benchmarking insights they need to prepare for client conversations. When an incident happens, their clients can call on our responders, recognised by Frost & Sullivan as Asia-Pacific’s Incident Response Company of the Year for three years running. Keeping advice and response this close together serves everyone in that conversation.”
