The Voice of Insurance

Sp Ep Ross Wirth, CyberCube & Simon Fagg AdvantageGo: The Future of Cyber Underwriting

Feb 25, 2025
Ross Wirth, the Head of Partnership & Ecosystem at CyberCube, brings over 20 years of experience in cyber risk quantification, while Simon Fagg, Director at AdvantageGo, excels in optimizing underwriting systems. They discuss the evolution of cyber insurance, emphasizing its transformation into a vital segment of the market. The duo highlights the role of data-driven insights and AI in enhancing risk assessments. They explore the intricate challenges of data integration and the exciting future of AI-driven underwriting, shaping a smarter insurance landscape.
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ANECDOTE

Models: Baselines, Not Oracles

  • Dickie Whittaker said CEOs blaming models misunderstand their purpose.
  • Models offer baselines, not perfect predictions, especially in dynamic fields like cyber.
ANECDOTE

CrowdStrike: A Validation Point

  • The CrowdStrike incident, initially concerning, proved to be a business-as-usual scenario.
  • CyberCube's models accurately predicted the exposure, validating their approach.
INSIGHT

Cyber's Dynamic Nature

  • Cyber risk's dynamic nature, unlike static property risks, demands forward-looking models.
  • Bad actors adapt and learn from previous attacks, making historical data less reliable.
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