MAPFRE RE Strengthens Cyber Risk Strategy with CyberCube Partnership
MAPFRE RE, the reinsurance division of Madrid-headquartered insurer MAPFRE, has embarked on a strategic three-year collaboration with CyberCube, a leading provider of cyber risk analytics. This partnership highlights MAPFRE RE’s dedication to enhancing its cyber risk management prowess.
Under this agreement, MAPFRE RE will leverage CyberCube’s comprehensive suite of solutions, including its advanced cyber accumulation tool, to refine its risk assessment and management strategies. This alliance aims to elevate MAPFRE RE’s position in the burgeoning cyber insurance market by utilizing CyberCube’s specialized expertise and innovative tools. It resonates with both companies’ commitment to fostering innovation and growth within the industry.
Juan Marcano, Principal of Alternative Risk Transfer at CyberCube, remarked, “MAPFRE RE opted for CyberCube due to our profound knowledge and unmatched expertise in cyber risk, positioning us as the perfect partner for their accumulation management ambitions. Our robust suite of solutions perfectly aligns with MAPFRE RE’s requirements, and we are thrilled to support their ambitious growth and innovation plans in the cyber insurance domain.”
Oscar Taboada, Head of Cyber at MAPFRE RE, expressed, “At MAPFRE RE, we are committed to integrating cutting-edge tools and solutions to tackle the evolving challenges posed by cyber risk. CyberCube’s solutions will significantly enhance our capability to manage cyber accumulations effectively and broaden our market presence. We are eager to embark on this long-term partnership and foresee a successful collaboration.”
