CyberCube has introduced Exposure Manager (XM), a new tool that enables reinsurers to evaluate and manage cyber risk across their portfolios.  

The tool provides access to data, allowing for independent audits and risk management over time to quantify risk quality and exposure. 

XM is built upon CyberCube’s ecosystem, which includes enterprise, network and security data, enhanced by AI and predictive analytics.  

The tool is part of CyberCube’s suite of products, which also includes Portfolio Manager, Account Manager and Broking Manager.  

Developing the tool was a collaborative effort with reinsurer SCOR, whose insights and inputs were said to be instrumental in its creation. 

SCOR cyber chief underwriting officer Sébastien Heon said: “Having a tool like XM empowers treaty underwriters to make decisions in a consistent and structured way. 

“It strengthens our position at the forefront of decision-making in the cyber reinsurance market and fosters more data-informed, in-depth conversations with our cedants. We are thrilled to have played such a key role working with CyberCube to bring this capability to life.” 

XM benefits insurers by enforcing data standardisation, tracking security posture changes, and facilitating renewal and reinsurance placement processes.  

It aims to improve operational efficiency and provide foresight for portfolio optimisation and executive reporting. 

Reinsurance brokers can utilise XM to obtain a unified view of client portfolios, which can help in benchmarking, advising and facilitating reinsurance transactions and advisory services. 

For reinsurers, the tool offers a means to independently validate cedant submissions, benchmark treaties, and identify risk and emerging exposures.  

CyberCube co-founder and chief product officer Ashwin Kashyap stated: “The launch of Exposure Manager is not just a milestone for CyberCube, it is an inflection point for the entire cyber insurance ecosystem.  

“XM provides best-in-class data to assess risk quality in cyber insurance portfolios for market participants, streamlining the risk assessment process. It extends CyberCube’s market leadership position as the pre-eminent provider of cyber risk analytics to fuel the growth of the cyber insurance market.” 

In May, Aviva partnered with CyberCube to incorporate AI capabilities into its cyber risk management strategy.