CyberCube Launches Regional Benchmarking Feature for Cyber Insurance Brokers

Severity: Low (Score: 21.9)

Sources: Intelligentinsurer, Reinsurancene.Ws, Tipranks

Summary

CyberCube has introduced a new Regional Risk Transfer Benchmarking feature in its Broking Manager analytics platform. This enhancement is aimed at assisting cyber insurance brokers in regions such as Asia Pacific, the Middle East, and Latin America. The tool allows brokers to benchmark clients against regional markets, including North America, Europe, and Africa, facilitating faster and more informed cyber insurance placement decisions. The feature is particularly relevant for small to medium enterprises (SMEs), which have expressed a need for region-specific metrics. By providing geography-specific peer comparisons, CyberCube aims to support market growth and enhance the platform's stickiness and pricing power. This development indicates CyberCube's strategic focus on expanding its addressable market in high-growth regions and the SME segment. The new functionality is expected to help brokers articulate cyber risk and financial exposure more effectively. Key Points: • CyberCube launched a Regional Risk Transfer Benchmarking feature for its Broking Manager platform. • The tool enables brokers to benchmark clients against regional markets, enhancing decision-making. • Focus on small to medium enterprises (SMEs) highlights the growth potential in emerging markets.

Key Entities

• newtonmedia.co.uk (domain)
• Insurance (industry)