Cyberwrite has expanded its partnership with Markel Insurance to enhance underwriting and cyber risk modelling across Europe using AI-driven analytics.
Markel Europe has been using Cyberwrite’s technology to provide underwriters with real-time insights into cyber exposure. This helps improve loss ratios and enables instant, data-informed decisions.
Cyberwrite CEO and founder Nir Perry said, “Cyberwrite is proud to be a Markel technology provider. Markel has established itself as a forward-thinking specialty insurer that prioritizes data-driven underwriting precision.
“This expanded partnership demonstrates how our patented AI-driven cyber insurance underwriting technology specifically addresses the gaps that have historically complicated cyber insurance underwriting and modeling. Together, we’re enabling both underwriters and brokers to quantify the economic impact and probability of a cyber claim with unprecedented granularity and enable lower loss ratios by identifying high-risk businesses before they suffer a breach.”
The platform translates complex technical data into business-ready insights, enabling risk benchmarking and supporting catastrophe modelling.
Markel Europe CEO Frederik Wulff said, “Cyberwrite’s platform has transformed how we evaluate cyber risk across diverse markets and industries for small and mid-size businesses.
“Our underwriters can now quantify factors that were previously difficult to measure in real-time for any business in local language, enabling brokers to easily explain cyber risks, and giving clients a clearer picture of their specific cyber risks so they know how much cyber coverage to buy, and how to reduce the risk of a breach. The approach of collecting data on each risk and quantifying it enables ground-up catastrophe modeling abilities that translate into improved model certainty.”
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