MAPFRE RE, the global reinsurer of the MAPFRE Group, and CyberCube, the leading provider of cyber risk analytics for the insurance industry, have joined forces through a three-year agreement for the reinsurer to license CyberCube’s suite of solutions. This partnership underscores MAPFRE RE’s commitment to advancing its cyber risk management capabilities.

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As part of this strategic collaboration, MAPFRE RE has licensed CyberCube’s suite of products, including its cyber accumulation solution. The decision to partner with CyberCube is aligned with both companies’ commitment to employ the best capabilities and services to achieve accurate and high-value results for the industry, companies, and clients.

A key objective of this partnership is to strengthen MAPFRE RE’s position in this line of business, leveraging CyberCube’s tools and expertise to tap into the growing cyber insurance demand. This collaboration aligns with both companies’ vision to foster innovation and growth in the global cyber insurance market.

Juan Marcano, Principal Alternative Risk Transfer, at CyberCube, said: “MAPFRE RE chose CyberCube due to our knowledge, experience and unparalleled cyber expertise that positioned us as the ideal partner for its accumulation management objectives. Our comprehensive suite of solutions and services were aligned with MAPFRE RE needs. We are delighted to support its ambitious plans for growth and innovation in the cyber insurance space.

Oscar Taboada, Head of Cyber at MAPFRE RE, said: “At MAPFRE RE, we are committed to equipping ourselves with the most updated tools and solutions to address the evolving challenges of cyber risk. CyberCube’s solutions will enhance our ability to manage cyber accumulations effectively and expand our footprint in different markets. We are excited to embark on this long-term partnership and look forward to mutual success.”

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Source – Businesswire