Cooper Gay, the pan-European Managing General Agent (MGA), is to use Account Manager, the cyber risk analytics platform from CyberCube.
Launched in 2003, Cooper Gay has offices in France, Germany, Belgium and the UK. Working with its retail broker partners, the firm underwrites cyber business for larger enterprise risks in a range of European countries.
In addition to using Account Manager, Cooper Gay is also enrolling in the CyberCube Academy as part of the company’s drive to develop its team’s knowledge of the evolving cyber threat landscape and security best practices.
Account Manager is used by leading companies across the (re)insurance ecosystem. The platform is used primarily by cyber underwriters to assess individual risks. It combines data from a large number of sources and applies specialised, insurance-focused analytics to produce targeted information on an enterprise’s cyber risk profile.
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Nate Brink, CyberCube’s Sales Manager, said: “We’re very pleased to be working with the team at Cooper Gay. As one of the leading European MGAs specialising in cyber business, its team is keen to expand its cyber capabilities and focus more deeply on the underwriting of cyber risks. With the threat situation evolving so quickly at present, Account Manager’s ability to provide the very latest insights and analytics is critical to underwriters’ decision making.”
Marc Steinmetz, Cooper Gay’s Cyber Underwriting Manager, said: “We’ve been underwriting both first-party and third-party cyber business for a considerable time and have seen tremendous changes in the nature of the risks during that period.
“Our objective in working with CyberCube is to bring the most granular and accurate information to complement our underwriting decisions and to use that to refine our risk appetite in what are challenging times for the cyber insurance market. As a trusted name for cyber risk analytics in the global insurance and reinsurance sectors, CyberCube makes a strong partner for us.”
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