Cybersecurity firm CyberCube and insurance giant Munich Re have released a new study detailing potential risks associated with various cyber incidents.
In a groundbreaking move, cyber analytics provider CyberCube has published a new paper titled "Designing a Cyber Catastrophe," offering an in-depth look at its process for creating and refining cyber threat scenarios. The paper, published today, sheds light on the intricacies of CyberCube's scenario development process, which plays a crucial role in shaping the cyber threat scenarios the company produces.
As a leading cyber analytics provider for the insurance industry, CyberCube's insights are highly valued. The company's latest paper provides a comprehensive understanding of how it develops its cyber threat scenarios, a process that aims to transform complex cyber threats into actionable financial risk strategies.
One of the key developments highlighted in the paper is the CyberCube Portfolio Manager v6 release. This enhancement to the company's cyber risk modeling capabilities incorporates company security scores and underwriting data aligned with frameworks like NIST and CIS. This allows insurers and reinsurers to gain more precise portfolio-level insights and better understand cyber risk characteristics during underwriting and exposure management.
Another significant point emphasised in the paper is the market's high concentration in the U.S., where many technological Single Points of Failure (SPoFs) exist, influencing global exposure.
CyberCube's solutions, including Broking Manager and CyberConnect, also play a crucial role in supporting brokers, particularly those serving small and medium-sized businesses (SMBs). These tools provide data-driven cyber risk insights, enabling more informed, consultative sales and insurance decisions. They generate real-time reports on financial impacts, loss classes, and benchmarking based on client-specific security postures.
The paper also discusses the growing appetite for cyber insurance-linked securities (ILS) and retrocession markets. While growth has slowed somewhat in early 2025, indicating increasing capital market involvement in cyber risk transfer solutions, it remains a significant trend.
Notably, Peak Re, a Hong Kong-based global reinsurance company, has chosen cyber risk analytics specialist CyberCube to help quantify client cyber exposure. However, it is unclear from the provided information whether this is a new partnership or an existing one.
In summary, key insights from CyberCube and Peak Re highlight enhanced risk quantification models incorporating security controls, market concentration in the U.S., expanding tools for brokers to navigate cyber risk with SMBs, and stronger capital market participation via cyber ILS and retrocession. CyberCube’s AI-driven analytics are central to these developments, helping insurers manage evolving cyber exposures effectively.
[1] Source: CyberCube's "Designing a Cyber Catastrophe" paper [2] Source: CyberCube's "Designing a Cyber Catastrophe" paper [3] Source: CyberCube's press release on Broking Manager [4] Source: CyberCube's press release on CyberConnect [5] Source: CyberCube's press release on client base
- The insurtech firm CyberCube, known for its cyber analytics, has published a paper titled "Designing a Cyber Catastrophe" that offers insights into its process for creating and refining cyber threat scenarios, shedding light on its crucial role in shaping the cyber threat scenarios the company produces.
- The CyberCube Portfolio Manager v6 release, a key development from the paper, enhances the company's cyber risk modeling capabilities by incorporating company security scores and underwriting data aligned with frameworks like NIST and CIS, allowing insurers and reinsurers to gain more precise portfolio-level insights.
- CyberCube's solutions, such as Broking Manager and CyberConnect, are instrumental in supporting brokers, particularly those serving small and medium-sized businesses (SMBs), by providing data-driven cyber risk insights for more informed, consultative sales and insurance decisions.
- The growing appetite for cyber insurance-linked securities (ILS) and retrocession markets is an expanding trend highlighted in CyberCube's "Designing a Cyber Catastrophe" paper, with increasing capital market involvement in cyber risk transfer solutions despite a slowdown in growth in early 2025.
