Independent insurance broker Lockton has announced a strategic partnership with Axio, a provider of cyber risk quantification solutions, to enhance cyber risk analytics.
This collaboration provides organisations with the tools they need to better understand and manage cyber risks in financial terms.
By integrating Axio’s platform, Lockton will help clients move beyond basic risk assessments to gain a deeper understanding of the potential financial impacts of a cyber event.
In today’s environment, where boards, regulators, and insurers are demanding greater transparency and accountability in cyber preparedness, this partnership provides businesses with the data-driven clarity they need to make informed decisions about investments, controls, and insurance coverage.
Axio offers a layered approach to risk analysis, starting with general business disruption, incorporating industry-specific impacts, and then tailoring insights to each client’s unique operations and technical environment. This results in customized, actionable intelligence that helps organisations make smarter, faster decisions.
Michelle Faylo, U.S. Cyber & Technology Leader at Lockton, said, “We are thrilled to partner with Axio to enhance our cyber risk management offerings.
“This partnership enables us to leverage Axio’s advanced tools and expertise, equipping our clients with the most innovative risk quantification solutions, so they can confidently navigate an increasingly complex cyber threat landscape.”
Scott Kannry, CEO of Axio, added, “Together, we are setting a new standard in cyber resilience and helping businesses make informed decisions to protect their assets.
“Our partnership with Lockton unites our expertise to ensure businesses receive the most comprehensive support when their managing cyber risks.”
As part of the collaboration, Lockton and Axio are working to integrate APIs between the Axio360 platform and Lockton’s Scout analytics platform. This seamless integration will provide Lockton’s cyber brokers with real-time, detailed analysis, ensuring clients receive the most comprehensive and actionable cyber risk insights available.
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