Lockton partners with Axio to enhance cyber risk capabilities

By Mia MacGregor

April 8 - (The Insurer) - Lockton has partnered with New York-based Axio, a provider of cyber risk quantification solutions, to help organisations better understand, manage and communicate their cyber risk in financial terms.

Under the partnership, the companies are working to integrate APIs between the Axio360 platform and Lockton’s Scout analytics platform to provide the intermediary’s cyber brokers with real-time analysis.

Axio’s approach to risk analysis begins with general business disruption, then incorporates industry-specific impacts, and ultimately tailors insights to a client’s unique operational and technical environment, according to the company.

"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,” said Michelle Faylo, U.S. cyber and technology leader at Lockton.