British specialist insurance broker Howden has partnered with cyber risk quantification solutions provider Cytegic to automate cyber risk assessment and financial impact analysis across global markets.

As per the terms of the partnership, Howden will leverage Cytegic’s Automated Cyber Risk Officer (ACRO) offering to understand cyber risks faced by its clients.

The ACRO uses forward-looking, contextual, and quantified global threat intelligence along with internal, technologically validated defensive capabilities, to automatically identify risks to an organisation’s business assets and financial impact.

Howden global head of cyber Shay Simkin said: “After researching numerous solutions and putting the Cytegic platform through a variety of challenging tests, we were able to confirm Cytegic’s unique ability to accurately quantify financial risk through its automated ACRO platform.

“Rapid evaluation of third-party risk and security posture optimisation can be performed automatically through the Cytegic platform, providing clients with greater efficiency and transparency.

“We will be able to provide a proactive partnership with customers by actively helping them understand and quantify their cyber risk.”

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Cytegic CEO Elon Kaplan said: “Cytegic’s non-invasive and automated cyber risk quantification platform enables end-to-end cost-effective management of cyber insurance policies with precision, validity and financial transparency.”

Howden, the retail broking arm of Hyperion Insurance Group, offers a variety of specialist insurance solutions to clients across the globe. It has offices in Europe, Asia, Iberoamerica, the Middle East and Africa.