CyberCube has Signed up RT ProExec to Broking Manager

Rhea-AI Summary

CyberCube has partnered with RT ProExec, a division of Ryan Specialty Group, to enhance their cyber risk analytics capabilities through the Broking Manager platform. This collaboration allows RT ProExec to better assess financial impacts from cyber events, streamlining insurance coverage decisions. The Broking Manager provides insightful reports on cyber risks, aiming to improve services for their clients and retailers. CyberCube specializes in cyber risk analytics within the insurance sector, offering advanced tools to manage and understand cyber exposures.

Positive

• CyberCube's Broking Manager platform enhances RT ProExec's capabilities in cyber risk assessment.
• The platform streamlines financial exposure analysis from cyber events, improving decision-making for insurance coverage.
• CyberCube provides valuable educational resources on recent cyber events and peer benchmarking.

Negative

• None.

SAN FRANCISCO--(BUSINESS WIRE)-- CyberCube is pleased to announce that RT ProExec, a part of RT Specialty, the wholesale broking division of Ryan Specialty Group, has teamed up with CyberCube’s Broking Manager, the cyber risk analytics platform for insurance intermediaries.

RT ProExec specializes in professional, executive and transactional liability, with cyber being one of its fastest-growing verticals.

Broking Manager is the first software-as-a-service application CyberCube has built specifically for the insurance broking community. It offers a streamlined approach to analyzing potential financial exposure impacts arising from cyber events that helps clients make informed decisions on coverages and limits.

Broking Manager will further enable RT ProExec’s team to quantify and explain to its retailers and their clients the sources and potential financial impacts of cyber risk exposure. The platform also produces reports that can be used to educate prospects and clients on potential sources of loss, recent and relevant cyber events, and peer-to-peer benchmarking.

Nate Brink, CyberCube's Broking Segment Leader, said: “We’re excited to be working with RT ProExec to assist its retailers and their clients to better manage their cyber risk. As RT ProExec is a leading specialty wholesale broker that specializes in cyber placements, they will now have the leading cyber risk modeling tool at their fingertips.”

Jose O. Medina and Alex Jezerski, Presidents of RT ProExec, said: “Bringing CyberCube’s Broking Manager’s financial modeling and risk transfer benchmarking onto our platform will enhance our retailers’ ability to provide meaningful cyber-related data to their clients. Teaming up with CyberCube further enriches our services to our retailers and their clients.”

Broking Manager complements CyberCube’s two other products: Portfolio Manager and Account Manager, which are designed for insurers and are used by leading companies across the insurance ecosystem.

ENDS

About CyberCube

CyberCube delivers the world’s leading cyber risk analytics 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 ForgePoint Capital, HSCM Bermuda, MTech Capital and individuals from Stone Point Capital. For more information, please visit www.cybcube.com or email info@cybcube.com.

About RT ProExec

RT ProExec is a part of RT Specialty, the wholesale brokerage division of Ryan Specialty Group. RT ProExec is a leading wholesale insurance broker for professional, executive, and transactional liability insurance products working exclusively with agents and brokers. Ryan Specialty Group provides distribution, underwriting, product development, administration, and risk management services by acting as a wholesale broker and a managing underwriter. Ryan Specialty Group’s mission is to provide industry-leading innovative specialty insurance solutions for insurance brokers, agents, and carriers. ryansg.com (NYSE: RYAN). Agents and brokers, to learn more about RT ProExec, please visit our website.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220307005464/en/

To learn more about CyberCube’s Broking Manager, please contact:

Yvette Essen

Head of Content & Communications

yvettee@cybcube.com

Source: CyberCube

FAQ

What does the partnership between CyberCube and RT ProExec entail?

The partnership focuses on enhancing cyber risk analytics through CyberCube's Broking Manager platform, helping RT ProExec assess financial impacts from cyber events.

How will Broking Manager benefit RT ProExec's clients?

Broking Manager will enable RT ProExec to provide detailed insights and reports on cyber risk exposure, assisting clients in making informed decisions.

What is the significance of cyber risk analytics for Ryan Specialty Group (RYAN)?

Cyber risk analytics is crucial for Ryan Specialty Group as it supports their specialization in professional and executive liability, particularly in growing cyber insurance market.

When was the Broking Manager platform launched?

The Broking Manager platform launched in conjunction with the partnership announcement between CyberCube and RT ProExec.

How does CyberCube enhance the insurance broking community?

CyberCube enhances the insurance broking community by providing advanced cyber risk analytics tools, enabling better risk management and informed decision-making.