JLT Re partners with Cybercube, building a strong partnership in Cyber Risk Modelling
11 July 2018
- JLT Re’s partnership with CyberCube highlights commitment to helping clients manage evolving cyber risk
- JLT Re enhances cyber risk modelling to provide new and unique insights to help clients face the challenges of cyber risk
JLT Re, the global provider of reinsurance broking and consultancy, is pleased to announce its partnership with CyberCube. CyberCube is a best in class, industry recognised cyber risk modelling platform. This partnership demonstrates JLT Re’s commitment to helping clients manage the evolving nature of cyber risk.
“With the cyber market growing at more than 20% per year, the need to understand and manage cyber risk challenges is more important than ever. JLT Re’s continued investment in developing market leading analytical tools will help clients solve some of the most complex cyber issues, particularly in regard to aggregation concerns,” commented David Flandro, Global Head of Analytics for JLT Re.
JLT Re’s existing cyber and enterprise modelling tools, combined with CyberCube, will provide unique insights to help clients manage and measure cyber risk and exposure. CyberCube’s robust and innovative analytics, including fully probabilistic capabilities and a wide range of possible loss scenarios, will enhance JLT Re’s offering to its clients providing them with the vital information they need to manage their cyber strategy. With access to unique data sources including Symantec’s security telemetry, CyberCube is able to support JLT Re in delivering sophisticated modelling capabilities for their clients.
“Cyber aggregation is one of the most important and difficult issues facing the insurance industry. We are excited to be working with JLT Re to bring our distinctive data and industry-leading models to help more insurers better understand this dynamic new risk,” remarked CyberCube’s CEO, Pascal Millaire.
Global CEO of JLT Re, Michael Reynolds, said that “This partnership will allow us to provide meaningful insights to clients by combining our proprietary modelling tools with that of CyberCube’s unique resources. As a result, we will offer sustainable and material benefits tailored to fit our clients’ needs.”
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NOTES TO EDITORS:
About JLT Re
JLT Re is the world’s fourth largest reinsurance broker, with approximately 800 professionals across 38 locations in 18 countries, delivering world class risk analysis and risk transfer solutions.
Our deep specialist knowledge and extensive experience of both the reinsurance market and clients’ own industry sectors enables JLT Re to deliver innovative solutions tailored to meet client needs.
We provide clients with broking and consultancy services across all classes of treaty and facultative reinsurance, including aviation, marine & energy, terrorism & political risk, trade credit, life accident and health, cyber, workers compensation and structured products.
JLT Re has a proven capability to provide a range of advisory and capital markets services specifically to insurance industry clients on a global scale.
Our groundbreaking proprietary modelling tools and market leading analytical capabilities and personnel enable us to bring analytical rigour and a unique perspective to clients.
JLT Re is a trading name of various JLT reinsurance broking entities and divisions globally and any services provided to clients by JLT Re may be through one or more of JLT’s regulated businesses.
JLT Re is part of the Jardine Lloyd Thompson Group plc.
CyberCube delivers data-driven cyber analytics built specifically for the insurance industry. CyberCube is focused on solving the most difficult and important cyber risk challenges in insurance with world-class analytics.
Our team is composed of multi-disciplinary experts across data science, cyber security, software engineering, actuarial modelling and commercial insurance. CyberCube offers a software as a service platform for cyber risk aggregation modelling and insurance underwriting.
The CyberCube platform was established in 2015 by Symantec to apply the cyber security company’s unique sources of data, intelligence and expertise to cyber insurance analytics and now operates as a standalone company with continued access to Symantec data and resources. For more information, please visit our website www.cybcube.com or contact email@example.com.
About Jardine Lloyd Thompson
Jardine Lloyd Thompson is one of the world’s leading providers of insurance, reinsurance and employee benefits related advice, brokerage and associated services. JLT’s client proposition is built upon its deep specialist knowledge, client advocacy, tailored advice and service excellence.
JLT is quoted on the London Stock Exchange and owns offices in more than 40 territories with over 10,000 employees.
Supported by the JLT International Network, it offers risk management and employee benefit solutions in 135 countries. For further information about JLT, please visit our website www.jlt.com and follow us on LinkedIn at JLT Group and Twitter @JLTGroup.
For further information about JLT, please visit our website www.jlt.com.