JLT Re Partners With Cyber Risk Analytics Platform Corax

Last month, JLT Re, the global provider of reinsurance broking and consultancy, announced its partnership with Corax, an international cyber risk analytics platform for the insurance sector.

“The resources Corax provides in combination with our own modeling capabilities offers a new way of looking at cyber coverage that will change the way our clients operate in this area. We are thrilled to offer more insights to our clients actively working to identify and manage their cyber risk exposures.” – Global Head of Analytics for JLT Re, David Flandro.

This partnership highlights JLT Re’s dedication to the growing area of cyber insurance, which has been expanding by more than 20% each year. Corax offers an innovative risk management and aggregation tool by leveraging a unique vector-based vulnerability model, bringing customized solutions to help JLT Re clients manage their cyber strategy and exposure.

“JLT Re is a top tier reinsurance broker, so we are delighted to be selected to help them expand their capabilities for modeling cyber risk, and in turn provide their clients with greater confidence and insight into cyber exposure.” – CEO of Corax, Jonathan Pope.

Bottom Line: Barbican’s partnership with FICO comes to mind.