International risk carrier QBE Insurance Group is rolling out a range of products from cyber risk analytics firm CyberCube.
Australia-headquartered QBE plans to use CyberCube’s account manager and portfolio manager platforms. In addition, QBE plans to utilize the CyberCube Academy, the firm’s training offering. The insurer will also have access to CyberCube’s enhanced concierge service.
Portfolio Manager is a scenario-based, data-driven model that enables risk professionals to develop insights for their senior leadership and teams. It also allows stress testing of portfolios of insurance risk so that loss drivers and areas of accumulation risk can be identified.
Account Manager is designed for risk carriers and enables underwriters to make data-driven risk selection decisions, and CyberCube Academy is an online learning platform, condensing CyberCube’s multi-disciplinary expertise into a series of short online courses and moderated student sessions. Finally, CyberCube Concierge is a value-add service providing insights concerning the changing threat landscape.
QBE has operations in 27 countries worldwide and offers a range of commercial, personal, and specialty products and risk management services, including cyber and professional indemnity.
The CyberCube platform was established in 2015 within Symantec and now operates as a standalone company exclusively focused on the insurance industry. Its cloud-based platform helps insurance organizations make decisions when placing insurance, underwriting cyber risk and managing cyber risk aggregation.
Mercury Insurance announced a partnership with Roof Rx, a home services company focused on providing repair services to extend the lifetime of home roofs for new and existing home policyholders. These Roof Rx inspections will include an advanced drone technology service with analysis to gauge the current condition of a home’s roof.
Roof Rx inspections are non-invasive as drone flights require FAA approval and clearance, although some exceptions may apply, and come with detailed aerial imagery. A technician diagnoses the appropriate level of repairs that may be needed, which can include anything from minor shingle replacements to an entirely new roof, according to a Mercury Insurance press release.
Mercury Insurance is a multiple-line insurance carrier predominantly offering personal auto, homeowners, renters and commercial insurance through a network of independent agents in Arizona, California, Illinois, Georgia, Nevada, New Jersey, New York, Oklahoma, Texas and Virginia, as well as auto insurance in Florida. Mercury writes other lines of insurance in various states, including business owners and business auto, landlord, home-sharing, ride-hailing, and mechanical protection insurance.
Slice Labs Inc., a technology company with an on-demand insurance platform, announced the launch of a new partnership that gives London Underwriters’ agents access to Slice’s digital platform for small business coverage.
The product is under the Slice brand and is available now. It includes general liability coverage for artisan contractors, general contractors, and remodelers.
Slice Labs Inc. enables insurers, managing general agencies, and technology platforms to build digital insurance products via Slice’s cloud-based platform. The company was founded in 2015 and is headquartered in New York City.
London Underwriters is an insurance wholesale broker that specializes in writing property/casualty insurance. It offers its appointed agents several Insurtech programs in which agents can quote and bind online plus hundreds of traditional brokerage markets to which they can submit business.
Sources: QBE Insurance Group, Mercury Insurance, Slice Labs