Corax provides data and analytics to Beecher Carlson
London – 20th March 2019 – Corax, the world’s leading and largest source of cyber exposure data and loss analytics for insurance, is pleased to announce its newest customer, Beecher Carlson Insurance Services LLC, a wholly owned subsidiary of broker Brown and Brown, Inc. Beecher Carlson’s Cyber Risk team provides leading-edge advice and resources to address complex cyber risk issues.
Corax’s data and analytics will enable Beecher Carlson to provide precise cyber risk assessment and coverage recommendations to their customers.
“We’ve seen increasing market demand, by insurers and brokers, for flexibility of delivery and consumption of data via API,” said Corax CEO Jonathan Pope. “This enables them to add value on top of our own rich data and modelled output. We’re delighted to be working with Beecher Carlson in this way.”
“To best help our clients in determining their cyber risk management and insurance spend, Beecher Carlson works to constantly improve the guidance we provide company Boards and senior management,” states Christopher Keegan, Beecher Carlson’s Cyber Product Leader. “Corax’s API feed provides real time access to a deep pool of data to extend our ability to demonstrate on-the-spot scenario analytics on both workstations and mobile”.
Corax has experienced rapid market adoption since becoming commercially available to the insurance industry in late 2017. It now has over 200 users worldwide, including reinsurers, insurers, MGAs, wholesale and retail brokers.
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MORE ABOUT CORAX
Corax is the world’s leading and largest source of cyber exposure data and loss analytics for insurance. Corax provides customers with enriched data, modelled loss and customized analytics on the cyber security and technology resilience of millions of companies worldwide. Corax delivers this via its scalable technology platform, rich and extensive dataset, and AI-enabled probabilistic modelling. Founded in 2014 in London and San Francisco to be at the heart of insurance and technology, Corax has grown to over 200 users worldwide since being commercially available to the insurance industry in late 2017.
Corax’s rich data foundation is created through expert ingestion and analysis of third party datasets, including threat intelligence, internet performance data and loss data, and using proprietary automated discovery tools that identify detailed characteristics of the technology and security environment on individual companies.
ABOUT BEECHER CARLSON
Beecher Carlson is a large account risk management broker that values depth of industry and product knowledge. Operating as a single profit center organized by specialization allows your service team to be structured based on what is best for customer’s business rather than geographic convenience. We go beyond one off transactions and utilize advanced analytics on every program. By quantifying the effects each decision will have on a company’s risk profile, we take the mystery out of buying insurance. This allows us to manage the largest cost of risk – retained losses. Execution on analytical findings is our true differentiator in mitigating losses and affecting process changes. Our collective success is earned by creating the perfect risk management solution for our customers. For more information, go to www.beechercarlson.com.
Beecher Carlson Insurance Services, LLC is a wholly-owned subsidiary of Brown & Brown, Inc. (NYSE:BRO), which, through its subsidiaries, offers a broad range of insurance and reinsurance products and services as well as risk management, third-party administration, and managed health care programs. Providing service to business, public entity, individual, trade, and professional association clients nationwide, Brown & Brown, Inc. is ranked by Business Insurance magazine as the sixth largest independent insurance intermediary in the United States. The Company’s web address is www.bbinsurance.com.