(Image source: CyberCube homepage.)
CyberCube, a San Francisco-based provider of cyber risk analytics for the insurance industry, has announced the addition of Matthias Weber to its Board of Directors. Between April 2012 and June 2018, Matthias Weber served as Group Chief Underwriting Officer and member of the Group Executive Committee at Swiss Re (Zurich). Weber joined Swiss Re in 1992, working in several roles and markets including leading property underwriting in the US Direct Business Unit and serving as Division Head of Property & Specialty at Swiss Re.
“To be able to provide adequate products, cyber insurance underwriters require forward-looking and cutting-edge analytics to understand and assess the risks underlying the policies they write,” comments Weber. “Having access to exclusive data and the highest-quality experts across multiple disciplines optimally positions CyberCube to become the world’s leading cyber insurance modeling company.”
“This appointment helps complete the vision of combining leading cybersecurity data with insurance industry expertise in one company dedicated to cyber insurance analytics,” comments Kenneth Schneider, who leads Symantec Ventures, the venture capital arm of the cyber security company.
The CyberCube platform was created within Symantec in 2015 and now operates as a standalone entity dedicated to providing analytics to the insurance industry with its software analytics platform.
Analytics to Drive Sustainable Growth in Re/Insurance
“We are incredibly fortunate to have such a leading figure in the global reinsurance industry on our Board of Directors,” comments Pascal Millaire, CEO, CyberCube. “Cyber will change the future of the insurance industry and we aim to provide the analytics that helps drive sustainable growth for the insurance and reinsurance industry in this important new risk”.
“The insurance industry has a lot to learn from the technology industry and the technology industry also has a lot to learn from insurers,” comments Donald R. Dixon, board member at CyberCube and Managing Director at ForgePoint Capital. “For successful InsureTech companies to thrive, they need to bring in seasoned insurance expertise to appreciate the unique dynamics of this complex, highly regulated industry”.
CyberCube also recently announced the appointment of Admiral (Ret.) Michael S. Rogers to the Board of CyberCube. Rogers was formerly Director of the NSA and Commander of U.S. Cyber Command.