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Paragon International Insurance Brokers has selected CyberCube’s (San Francisco) Broking Manager, the vendor’s cyber risk analytics platform for insurance intermediaries. The solution will allow Paragon’s teams to quantify the sources and financial impact of cyber risk exposure and educate clients accordingly, a vendor statement says. The platform also produces reports that can be used to educate prospects and clients on potential sources of loss, recent and relevant cyber events, and peer-to-peer benchmarking.
Based in both London and Bermuda, Paragon is a specialist insurance broker operating in both wholesale and retail insurance markets around globally. Founded in 1996, the company has grown into a major international broker founded on a boutique broking model.
“Paragon is thrilled to be working with CyberCube,” says William Wright, Partner, Paragon. “Broking Manager is by far the most complete client advisory tool we’ve seen supporting the cyber insurance vertical. It produces a level of detail and sophistication which we are really excited to share with our clients.”
Streamlined Approach to Generating Financial Exposure Impact
CyberCube describes Broking Manager as the first software-as-a-service application the vendor has built specifically for the insurance broking community. CyberCube says the solution offers a streamlined approach to generating financial exposure impact that helps clients make informed decisions on coverages and limits.
“It’s extremely exciting that Paragon has chosen to adopt Broking Manager as its cyber analytics tool,” comments Pascal Millaire, CEO, CyberCube. “This is a forward-thinking business that’s clearly taken a long, hard look at both its and its clients’ cyber needs. We are looking forward to working with Paragon and developing the insights Broking Manager can deliver for its team.”
Broking Manager complements CyberCube’s two other products: Portfolio Manager and Account Manager, which are designed for risk carriers and are used by leading companies across the insurance ecosystem.