Paragon partners with CyberCube on cyber risk analysis

Paragon International Insurance Brokers has partnered with cyber specialist CyberCube to roll out Broking Manager, its cyber risks analytics platform for insurance intermediaries.

Based in both London and Bermuda, Paragon is a specialist insurance broker operating in both wholesale and retail insurance markets around the world.

Founded in 1996, the company has developed specialisms in financial lines, professional indemnity and wider casualty insurance markets.

Broking Manager has been built specifically for the insurance broking community.

CyberCube claims It offers a streamlined approach to generating financial exposure impact that helps clients make informed decisions on coverages and limits.

As such, Broking Manager will allow Paragon’s teams to quantify the sources and financial impact of cyber risk exposure and educate clients accordingly.

The platform also produces reports that can be used to educate prospects and clients on potential sources of loss, recent and relevant cyber events, and peer-to-peer benchmarking.

Pascal Millaire, CEO of CyberCube, (pic) said: “It’s extremely exciting that Paragon has chosen to adopt Broking Manager as its cyber analytics tool. This is a forward-thinking business that’s clearly taken a long, hard look at both its and its clients’ cyber needs. We are looking forward to working with Paragon and developing the insights Broking Manager can deliver for its team.”

William Wright, Partner, Paragon, added: “Paragon is thrilled to be working with CyberCube. Broking Manager is by far the most complete client advisory tool we’ve seen supporting the cyber insurance vertical. It produces a level of detail and sophistication which we are really excited to share with our clients.”