(Image source: M&T.)
M&T Insurance Agency, Inc. (MTIA) a provider of commercial insurance and risk management solutions that is part of the M&T Bank Corporation family (Buffalo, N.Y.) has given clients access to CyberCube’s (San Franscisco) Broking Manager cyber risk analytics platform, designed to provide mid-sized businesses with access to data and models that enable them to more effectively manage risks associated with cyber events.
The Broking Manager risk analytics platform from CyberCube empowers MTIA clients and insurance professionals to quantify the sources and potential financial impact of their cyber risk exposure, according to a vendor statement. Through education and visualization, clients will gain a strong understanding of potential vulnerabilities, CyberCube reports. The platform also produces reports on potential sources of loss and peer-to-peer benchmarking, providing further insights and guidance to clients.
“Our approach has always been to focus on our client’s risk exposure and to create thoughtful solutions to help mitigate potential losses,” comments Jeffrey Batt, Cyber Insurance Practice Leader, MTIA. “We take our clients’ exposure to cyber risk very seriously and continue to evaluate new tools that enable us to provide a comprehensive look at the potential financial impacts of cyber events.”
Vital Role in Helping Clients Manage Risk
“Broking Manager was designed and built explicitly for the insurance community,” comments Oren Schetrit, director of Product, CyberCube. “Cyber concerns are a primary liability concern for many organizations, but oftentimes it’s difficult to quantify vulnerabilities. We know brokers play a vital role in helping clients identify and manage their risk. I am confident Broking Manager will be a great value add for M&T Insurance Agency’s client portfolio.”