The reinsurance unit of a global company, insurance, and reinsurance provider Mapfre Re group announced a partnership agreement with Israeli cyber risk modeling specialist Kovrr, to expand their skills for accumulated cyber risk exposure with underwriting and pricing capabilities.
This partnership will improve the cyber system at Mapfre Re group. Wherein, Kovrr is to help with utilizing data-driven insights for better understanding and managing the cyber risk through Artificial Intelligence powered models.
Kovrr has updated its research from new proprietary data sources to show changes in the cyber threat landscape, which also improves the view of emerging risks, attacks method, ransomware, and threat actors.
CEO of Kovrr, Yakir Golar said about the collaboration with the Mapfre group to solve many complex challenges in the reinsurance market, he also expressed the excitement of the company about this new collaboration.
Co-founder and Chief product officer of Kovrr, Shalom expressed some word about this partnership, and talks about Mapfre re which understands the capability of the expertise at Kovrr, he also introduced the new robust features and capability for their new model and platform, which will help Kovrr’s customers to understand and manage cyber risk in their portfolios and to provide more accurate information about pricing.
Head of Cyber at Mapfre Re group, Oscar Taboada also showed his excitement about this new partnership with Kovrr, also added Kovrr’s intuitive and transparent platform allows Mapfre re to better understand and manage cyber risk, which will improve decision making, managing accumulated cyber risk exposure and underwriting tasks.