Munich Re will partner with CyberCube to beef up its approach to cyber risks. CyberScout, a provider of identity and data defense services, formed two new global partnerships designed to introduce accessible cyber insurance products and services in Southeast Asia.
Munich Re will be partnering with CyberCube to beef up its state-of-the-art quantification, modeling and control of cyber accumulation risk.
CyberCube provides cyber risk analytics for insurers and reinsurers via a proprietary platform. The company markets its technology as a way for carriers to strengthen their accumulation risk management and exposure measurement.
As part of the partnership, CyberCube will provide advanced risk modeling capabilities to Munich Re with several cyber risk aggregation scenarios.
CyberScout formed two new global partnerships designed to introduce accessible cyber insurance products and services in Southeast Asia.
The alliances with Pioneer Insurance and MSIG Mingtai Insurance Co. will enable the delivery of what is being billed as the first embedded, retainer-based cyber insurance offering to Southeast Asia. CyberScout provides identity and data defense services.
Services to be delivered include multilingual, 24/7 breach response, consumer cyber assistance, remote consulting and data forensic services to both individuals and small and medium-sized businesses in Taiwan and the Philippines.
CyberScout said its in-house global response network also includes coverage, an international risk management platform and multilingual support, plus sales and marketing support for new partners.
The options are being embedded into existing products, services and customer portfolios without the need to opt-in to service.
Sources: Munich Re/CyberCube, CyberScout