Peak Re picks CyberCube in bid to improve view to cyber book

Hong-Kong based reinsurer  Peak Re picked cyber risk analytics firm  CyberCube as it seeks to dig into the quantum and quality of its underlying cyber exposures.

Peak Re will license CyberCube’s cyber risk accumulation model Portfolio Manager to develop insights and run stress testing of cyber portfolios to better identify loss drivers and potential accumulation events.

Peak Re head of casualty product underwriting Edward Shen (pictured up) said: “By using CyberCube’s platform, Peak Re will enhance its presence in the cyber market with greater confidence. Data-driven analytics will provide us with a deeper understanding of accumulation risk and help us better serve our customers in the expectation of the continuing growing demand for cyber reinsurance globally.”

CyberCube sales manager Ross Smith (pictured botton) said: “We are delighted Peak Re has chosen CyberCube as its underlying model for making informed decisions. Our partnership with Peak Re will become a catalyst to continue the growth and expansion of cyber capacity across different markets.”

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