AkinovA clients to gain access to CyberCube modeling

AkinovA, an electronic marketplace for the transfer and trading of insurance risk, has signed a deal with CyberCube that will allow its clients to gain access to CyberCube’s cyber modeling and analytics.

CyberCube’s models are based on specially designed cyber risk scenarios including ransomware attacks, cloud outages and major systemic risks. These models allow risk carriers to make better decisions when managing cyber risk.

Henri Winand, Akinova’s chief executive, said: “This partnership with CyberCube represents a significant milestone in our objective to bring new risks and capital to the risk transfer market. By joining forces with CyberCube, we bring access to the tools needed by insurers, brokers and capital providers to properly understand and evaluate one of the fastest-growing segments in the risk transfer space.”

Juan Marcano, alternative risk transfer principal at CyberCube, said: “As a trusted facilitator to the risk transfer sector and a powerful advocate for the benefits of new technology, AkinovA is an ideal partner for us at CyberCube. This is a real vote of confidence in CyberCube’s products and the insights they generate.”