Independent insurance broker Lockton has announced a strategic partnership with Axio, a leader in cyber risk quantification solutions, to elevate cyber risk analytics capabilities. This collaboration is poised to equip organizations with advanced tools that offer a deeper financial understanding of cyber risks.
By integrating Axio’s cutting-edge platform, Lockton aims to shift beyond conventional risk assessments, allowing clients to gain a comprehensive insight into the potential financial repercussions of cyber incidents. In the current climate, where boards, regulators, and insurers demand transparency and accountability in cyber preparedness, this partnership intends to provide businesses with data-driven clarity necessary for informed decision-making regarding investments, controls, and insurance coverage.
Axio’s unique approach to risk analysis begins with assessing general business disruption, integrates industry-specific impacts, and customizes insights to each client’s distinctive operations and technical environment. This methodology results in tailored, actionable intelligence that empowers organizations to make smarter, more timely decisions.
Michelle Faylo, U.S. Cyber & Technology Leader at Lockton, expressed enthusiasm about the partnership, stating, “We are thrilled to partner with Axio to enhance our cyber risk management offerings. This collaboration allows us to leverage Axio’s sophisticated tools and expertise, providing our clients with innovative risk quantification solutions to confidently navigate the increasingly complex cyber threat landscape.”
Scott Kannry, CEO of Axio, remarked, “Together, we are setting a new standard in cyber resilience, aiding businesses in making informed decisions to safeguard their assets. Our partnership with Lockton combines our expertise to ensure businesses receive the most comprehensive support in managing cyber risks.”
As part of this collaboration, Lockton and Axio are actively working to integrate APIs between the Axio360 platform and Lockton’s Scout analytics platform. This seamless integration is designed to furnish Lockton’s cyber brokers with real-time, detailed analyses, ensuring clients receive the most thorough and actionable cyber risk insights available.
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