Specialist insurance provider CFC has acquired ThreatInformer, a provider cyber insurance underwriting, broking and reinsurance.
The London-based InsurTech combines big data and machine learning to help companies better understand their customers’ exposures by compiling readily available information regarding their risk profiles.
By integrating ThreatInformer into its own infrastructure, CFC hopes to streamline and improve key activities in underwriting and uncover patterns in claims data to predict and prevent client losses.
This acquisition comes shortly after CFC released its cyber insurance platform which lets brokers generate a comprehensive cyber quote with a single piece of data.
CFC CEO Dave Walsh said, “Bringing ThreatInformer’s unique technology in-house was a natural next step for us and builds on a number of exciting projects already underway.”
He added, “Our new cyber platform is just one example of how CFC are using data in innovative ways to vastly improve the process of buying and selling insurance.”
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