Sompo Japan Insurance has spent the past several years building its cyber capabilities, developing a tailored cyber offering for its core Japanese market. To support this continued growth, Sompo Japan Insurance has selected Account Manager, CyberCube’s single-risk cyber underwriting solution, along with CyberCube’s Portfolio Manager suite, which includes Single Points of Failure (SPoF) Intelligence and the Attritional Loss Model (ALM).
London: CyberCube, the leading provider of cyber risk analytics for the insurance industry, today announced that Sompo Japan Insurance, one of Japan’s largest property and casualty insurers, has joined its growing base of Asian clients.
Sompo Japan Insurance has spent the past several years building its cyber capabilities, developing a tailored cyber offering for its core Japanese market. To support this continued growth, Sompo Japan Insurance has selected Account Manager, CyberCube’s single-risk cyber underwriting solution, along with CyberCube’s Portfolio Manager suite, which includes Single Points of Failure (SPoF) Intelligence and the Attritional Loss Model (ALM).
Together, these tools will give Sompo Japan Insurance’s cyber underwriting team a fuller, more data-driven view of risk, from individual account selection through to portfolio-wide accumulation and attritional loss.
Noritaka Shigeta, CPCU, ARM, Head of Cyber, E&O, Japan at Sompo Japan Insurance, said: “As we continue to grow our cyber offering in Japan, it’s essential that our underwriting is backed by the most rigorous data and analytics available. CyberCube’s suite gives our team a much sharper view of risk, from the individual account to the full portfolio, and will be a valuable partner as we build out our cyber capabilities further.”
Juan Marcano, principal at CyberCube, added: “We’re delighted to welcome Sompo Japan Insurance to our growing community of clients across Asia. Its adoption of our products reflects the increasing sophistication we’re seeing in cyber underwriting across the region, and we look forward to supporting Sompo Japan’s continued growth.”
The agreement builds on CyberCube’s ongoing momentum across Asia, following recent partnerships including in the Philippines, Singapore and India, as insurers across the region invest in more sophisticated cyber underwriting and portfolio management capabilities.