Richard Taylor commented, “We have spent the past couple of months establishing Cyber as a new line of business for the syndicate and building out the framework for future ambitions, so it’s exciting to now officially start underwriting and supporting the market.”
In addition to this, Richard is looking ahead: “the cyber market needs to continue working towards a more dynamic and collaborative approach to understanding client risk maturity and quantification.
It is for this reason we are building Probitas Labs, which aims to be the market’s centre of excellence for cyber. Our goal is to continually generate fresh insights on risk analysis by developing products, services, and partnerships with industry experts to support and enhance cyber risk transfer within the market.
Probitas Labs will focus on three main areas: Cyber Research & Development, including data analytics and market platforms; Client & Vendor Services, which will help support clients before, during and after a breach and, lastly, Thought Leadership. Probitas Labs aims to be an integral part of the Cyber community and a valuable tool and mouthpiece for cyber specialists, policyholders and brokers.
Data, analytics and industry-leading modelling software have always been at the core of Probitas’ business, playing an essential part in the underwriting methodology; Cyber & Technology will be no different in this respect.”
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