Big Ticket expands into casualty and cyber markets

By Edward Carron

June 10 - (The Insurer) - Big Ticket, the industry-backed shared corporate data platform, plans to have a new casualty module live in the second half of 2025 and has fast-tracked development of a cyber offering, the company said on Tuesday.

Launched at the 2023 Airmic conference in Manchester, Big Ticket describes itself as a neutral digital hub that allows clients to maintain and share exposure data safely, instantly and with a full audit trail.

The decision to speed up development of its cyber capabilities is in response to rising awareness of security gaps in the sector in which, according to Big Ticket, data is often shared via unsecured spreadsheets and email attachments.

Ken Fraser, co-founder and president of Big Ticket, said: “It’s ironic that the process of placing cyber insurance often introduces unnecessary cyber risk. We are closing that gap. Big Ticket’s cyber rollout will make the process faster, more secure and far more resilient, and that’s just the beginning.”

The platform, which currently only supports sharing property insurance data, is provided free-of-charge to any risk manager or insurance buyer.

The non-profit was founded in partnership with Mastercard and has global advisory board members including Airmic, Aviva, Oasis and Zurich.

Big Ticket has also said that it will be sharpening its focus on enabling safe and scalable use of AI in insurance.