CyberCube Partners with Wholesure to Enhance Cyber Insurance Support for Small and Medium-Sized Businesses

Strategic Insights -

CyberCube, a leading provider of software-as-a-service cyber risk analytics, has announced a strategic partnership with Wholesure, a wholesale brokerage subsidiary of Acrisure, to enhance cyber insurance support for small and medium-sized businesses. Through this partnership, Wholesure will license CyberCube's Broking Manager and CyberConnect solutions to equip brokers with data-driven insights to effectively communicate cyber risk, quantify financial exposure, and provide benchmarking to support cyber insurance recommendations.

Key Takeaways:

  • Wholesure will license CyberCube's Broking Manager and CyberConnect solutions to enhance cyber insurance support for small and medium-sized businesses.
  • Broking Manager equips brokers with data-driven insights to effectively communicate cyber risk, quantify financial exposure, and provide benchmarking to support cyber insurance recommendations.
  • CyberConnect enables seamless integration of CyberCube's models, insights, and signals into existing workflows, allowing brokers to access timely analytics without disrupting day-to-day operations.
  • The partnership aims to empower brokers with market-leading analytics to address the evolving landscape of cyber risk and facilitate data-driven insurance decisions.
  • Wholesure's commitment is to equip its brokers with the tools and knowledge necessary to effectively educate retailers and insureds on their unique cyber exposures.
  • CyberCube's solutions will integrate into Wholesure's cyber platform, saving brokers time and allowing them to focus on client advice.
  • This partnership marks a pivotal moment for Wholesure, empowering its extensive network of brokers with market-leading analytics to address the evolving landscape of cyber risk.
  • The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company, serving over 100 insurance institutions globally.

Statistics:

  • CyberCube has served over 100 insurance institutions globally.
  • The company was established in 2015 within Symantec and now operates as a standalone company.
  • Wholesure is one of the largest groups of wholesalers, binding authorities, and MGAs in North America, serving P&C, Specialty, Life, and Employee Benefits with broad market access.
  • CyberCube's investors include Forgepoint Capital, HSCM Bermuda, and Morgan Stanley Tactical Value.
  • The partnership aims to facilitate data-driven insurance decisions, ensuring that businesses are not only protected but also strategically positioned against potential cyber threats.

Sources:

  • "CyberCube and Wholesure Announce Strategic Partnership" (PRNewsWire, August 4)
  • About CyberCube (CyberCube)
  • About Wholesure (Wholesure)
  • Contify.com (2017)