MAPFRE RE Strengthens Cyber Risk Strategy Through CyberCube Partnership
MAPFRE RE, the reinsurance division of the Madrid-based insurance giant MAPFRE, has signed a strategic three-year agreement with CyberCube, a leading firm in cyber risk analytics. This collaboration underscores MAPFRE RE’s dedication to advancing its capabilities in managing cyber risks.
As part of this agreement, MAPFRE RE will integrate CyberCube’s comprehensive suite of cyber risk solutions, including its cutting-edge cyber accumulation tool. This initiative aims to refine MAPFRE RE’s risk assessment and management framework, enabling the company to navigate the dynamic cyber insurance landscape more effectively.
By leveraging CyberCube’s extensive expertise and innovative tools, MAPFRE RE seeks to enhance its market presence within the rapidly expanding cyber insurance sector. This partnership is in line with both companies’ commitment to fostering innovation and achieving growth in the industry.
Juan Marcano, Principal of Alternative Risk Transfer at CyberCube, remarked, “Our extensive knowledge and unrivaled expertise in cyber risk analytics made CyberCube the ideal partner for MAPFRE RE’s accumulation management objectives. We are excited to support their ambitious growth and innovation plans in the cyber insurance domain.”
Oscar Taboada, Head of Cyber at MAPFRE RE, commented, “We at MAPFRE RE are devoted to equipping ourselves with the most advanced tools and solutions to tackle the evolving challenges of cyber risk. CyberCube’s solutions will significantly enhance our capacity to manage cyber accumulations effectively and broaden our market reach. We eagerly anticipate a successful, long-term collaboration.”
