- Cyberwrite expands its partnership with Markel Insurance to enhance AI-driven cyber analytics across Europe.
- The integration aims to reduce loss ratios and improve data-driven underwriting with cutting-edge technology.
- Cyberwrite's platform covers 99.97% of businesses globally, offering real-time risk reports in eight languages.
Cyberwrite, a noted provider in cyber risk modeling, has notably expanded its collaboration with Markel Insurance, the insurance arm of Markel Group Inc. (MKL, Financial), to strengthen underwriting capabilities across Europe with advanced AI-driven predictive cyber analytics. This move is set to enhance Markel's ability to harness predictive cyber risk insights for businesses globally, thereby optimizing underwriting precision and mitigating loss ratios swiftly.
Markel Europe has been leveraging Cyberwrite’s sophisticated AI technology, which assists underwriters in comprehending and modeling potential exposures, while effectively communicating these assessments to underwriters, brokers, and clients. This augmented integration facilitates next-generation cyber catastrophe modeling, enabling insurers to identify high-risk businesses before incidents occur.
Cyberwrite’s proprietary quantitative AI technology translates intricate technical cyber risk data into actionable insights, allowing insurance professionals to evaluate a business's potential breach probability and economic impact promptly. The platform's real-time data coverage spans 99.97% of global businesses, offering unparalleled risk assessment capabilities in eight languages.
Frederik Wulff, CEO of Markel Europe, recognized the transformational impact of Cyberwrite’s platform, stating it has revolutionized the evaluation of cyber risk across diverse industries. It empowers underwriters to quantify complex risk factors in real-time and simplifies risk communication for brokers and clients, delivering precise insights into necessary cyber coverage and risk mitigation strategies.
Cyberwrite, founded in 2017, stands as a global leader in AI-driven cyber risk quantification. The company’s flagship platform, 4SEEN®, delivers comprehensive risk analyses for millions of companies, facilitating advanced catastrophe modeling and streamlined insurance distribution. As industries continuously evolve in managing cyber threats, this strategic partnership highlights significant progress in approach and technology.
