M&T Insurance Agency (MTIA), a commercial insurance and risk management provider and subsidiary of the M&T Bank Corporation, has adopted CyberCube’s Broking Manager cyber risk analytics platform.
The Broking Manager platform will allow MTIA clients and insurance professionals to quantify the sources and potential financial impact of their cyber risk exposure. The platform also produces reports on sources of potential loss and peer-to-peer benchmarking.
“Our approach has always been to focus on our client’s risk exposure and to create thoughtful solutions to help mitigate potential losses,” said Jeffrey Batt, cyber insurance practice leader at 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.”
Broking Manager was designed and built explicitly for the insurance community,” said Oren Schetrit, director of product for 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.”
