Cyber risk analytics specialist CyberCube has partnered with Duck Creek Technologies a leading provider of software-as-a-service (SaaS) insurance core systems, to streamline the underwriting of cyber insurance policies.
The partnership will see the integration of CyberCube’s Risk Scoring Analytics application programming interface (API) into Duck Creek Policy’s platform.
This means that risks input into Duck Creek Policy will automatically be scanned and scored by CyberCube. The offering automates the flagging and referring of risks that require review, streamlining the underwriting process, Duck Creek said this increases efficiency, and improves the ability to identify cyber vulnerabilities.
CyberCube’s Ross Wirth, head of client account management and technology services, said, “Prior to the integration, underwriters were making decisions without access to key cyber metrics. They may have missed key flags and would have had to rely solely on external research during the underwriting process.
“Now, that’s changing. CyberCube’s risk scoring API will act as an early indicator to assist in the underwriting process. Ultimately, underwriters will gain a more complete view of a client’s cyber exposures and vulnerabilities early in the underwriting process so that they can respond accordingly.”
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