Cyber risk analytics and quantification software specialist CyberCube has now confirmed that its Portfolio Manager risk model was used for the landmark first catastrophe bond deal sponsored by re/insurer Beazley.This confirms .Today, CyberCube said that it “acted as a modeling agent for the first private cyber cat bond to bring additional reinsurance capacity to the market.” The risk modeller said that its Portfolio Manager software was used as part of the creation of .Portfolio Manager is a scenario-based data-driven cyber risk modelling tool, allowing deep insights into cyber risk portfolios to be developed, as well as allowing for the stress testing of portfolios of insurance risk, ensuring that loss drivers and areas of accumulation risk can be identified.

Juan Marcano, Principal – Cyber Alternative Risk Transfer, stated, “CyberCube is delighted that Portfolio Manager has been chosen as one of the analytical models informing this exciting transaction.“We are committed to continuing to develop innovative solutions to help support the cyber insurance industry moving forward.” – .– .

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