Insurance broker NFP has turned to CyberCube to leverage the latter’s Broking Manager solution to boost its cyber capabilities.
As part of the tie-up, NFP will roll out Broking Manager to its professionals worldwide.
Broking Manager is said to enhance the company’s cyber business growth by offering tools that quantify and explain the sources and financial impact of cyber risk exposure to clients.
Additionally, the platform will provide reports to educate prospects and clients on potential sources of loss, recent and important cyber events, and peer-to-peer benchmarking.
CyberCube CEO Pascal Millaire said: “NFP was looking for a tool that could provide cyber risk insight for their diverse portfolio of clients, which spans industries and business sizes.
“Broking Manager does just that, giving the NFP team the analytics and benchmarking it needs to grow its cyber business significantly and more effectively serve its clients and prospects.”
Broking Manager is a software-as-a-service application built by CyberCube specifically for the insurance broking community.
It provides a streamlined approach to delivering financial exposure impact that allows clients to make informed decisions on coverages and limits.
Broking Manager is said to complement CyberCube’s Portfolio Manager and Account Manager, which are designed for risk carriers.
NFP’s cyber liability practice head and managing director Akhil Chopra said: “After a thorough review of offerings, we found that Broking Manager fits our needs perfectly.
“We’re focused on growth and new technologies, to offer our clients the very best possible insights into their cyber vulnerabilities and what they can do to address them.”
In April last year, NFP acquired Ohio-based Progressive Benefits Agency.