Cyberwrite, a provider of cyber risk modelling, has expanded its partnership with Markel Insurance to enhance underwriting, broker enablement and cyber risk modelling across Europe.
Markel Europe uses Cyberwrite’s AI-driven technology to help underwriters model exposures and share findings with brokers and clients.
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The integration provides predictive cyber risk analytics for businesses worldwide, reducing loss ratios and enabling data-driven underwriting in seconds.
The technology also supports advanced cyber catastrophe modelling. Cyberwrite’s patented AI transforms complex cyber risk data into actionable insights, allowing professionals to quickly communicate breach probabilities and economic impacts.
The platform offers benchmarking against industry peers and supports Cyberwrite’s next-generation catastrophe modelling solution.
Cyberwrite CEO and founder Nir Perry said: “This expanded partnership demonstrates how our patented AI-driven cyber insurance underwriting technology specifically addresses the gaps that have historically complicated cyber insurance underwriting and modelling.”
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By GlobalDataMarkel Europe CEO Frederik Wulff stated: “Cyberwrite’s platform has transformed how we evaluate cyber risk across diverse markets and industries for small and mid-size businesses.
“Our underwriters can now quantify factors that were previously difficult to measure in real-time for any business in local language, enabling brokers to easily explain cyber risks, and giving clients a clearer picture of their specific cyber risks so they know how much cyber coverage to buy, and how to reduce the risk of a breach.”
This partnership expansion follows a similar initiative by Samsung Fire & Marine Insurance, which recently joined forces with Cyberwrite to enhance its cyber insurance processes.
Founded in 2017 by cybersecurity and insurance veterans, Cyberwrite is a leader in AI-driven cyber risk quantification.
Its solutions are used by insurers, reinsurers and brokers to streamline cyber insurance distribution and reduce costs.
