SAN MATEO, Calif., Oct. 12, 2016 /PRNewswire/ -- Cyence, the company that empowers the insurance industry to understand the economic impact of cyber risk, has announced its advisory board of cybersecurity and insurance experts. The board, comprised of industry veterans Richard Booth, Vincent "VJ" Dowling, Marc Goodman, Tom Hutton, Sean Kanuck and Barney Schauble, are working closely with Cyence as it continues to grow its presence in the insurance industry.
"To economically model cyber risk requires bridging the disjointed disciplines of cybersecurity and insurance/risk modeling and I am honored and grateful to our advisory board for their support and guidance," said Arvind Parthasarathi, chief executive officer of Cyence. "Barely a month out of stealth mode, our economic cyber risk modeling platform is leveraged by a who's who of the insurance industry as a competitive advantage. I look forward to working with our advisory board on continuing to be the economic risk model for cyber robust enough for insurers to deploy capital against."
About the Advisors
- Richard Booth is a senior advisor and board member at insurance, technology and financial services companies. Previously, Booth was vice chairman of Guy Carpenter. Earlier he served as vice chairman, transition planning and chief administrative officer of American International Group (AIG) and before that was chairman/CEO of HSB Group. Prior to this, he held progressively senior positions in the insurance industry. Booth is a CPA, CLU, ChFC and a National Association of Corporate Directors Board Leadership Fellow. He earned B.S. and M.S. degrees from the University of Hartford Barney School of Business in Connecticut.
- Vincent "VJ" Dowling co-founded Dowling & Partners in 1990 and currently serves as Managing Partner covering the property and casualty insurance sector. He is also a principal and partner at Dowling Capital Partners. Before founding Dowling and Partners, he was an equity analyst at Fox-Pitt Kelton where he joined the partnership in 1986. Dowling began his career as a junior insurance stock analyst at A.J.B. Zunser. He holds a B.A. from Dartmouth College and an MBA from Harvard Business School.
- Marc Goodman is a globally renowned cybersecurity expert and the author of "Future Crimes," a New York Times bestseller. He is also the founder of the Future Crimes Institute, which inspires and educates on the security and risk implications of newly emerging technologies. He serves as the Global Security Advisor and Chair for Policy and Law at Silicon Valley's Singularity University, a NASA- and Google- sponsored educational venture dedicated to using advanced science and technology to address humanity's grand challenges. Throughout his two-decade career, Goodman has advised and worked closely on cybersecurity and information technology matters with organizations including INTERPOL and the United Nations. He holds an M.P.A. from Harvard University and an M.S. from the London School of Economics.
- Tom Hutton is managing partner at XL Innovate, a venture capital fund focused on developing new businesses related to insurance, risk management and financial technology. Hutton was CEO of RMS from the initial venture capital funding to the company's acquisition in 2000, and after that was CEO of White Mountains Re. He helped to start and grow a number of companies including Montpelier Re, Claim IQ, Finaplex, SoFi, and most recently New Energy Risk. Hutton has also served on the Board of Directors at XL Group, Safeco, and Montpelier Re. He holds A.B. and M.S. degrees from Stanford University, and an M.B.A. from Harvard Business School.
- Sean Kanuck served as the first U.S. National Intelligence Officer for Cyber Issues from 2011–2016, reporting to Director of National Intelligence James Clapper. In his role, Kanuck led the U.S. Intelligence Community (IC) in cyber analysis, directed the production of National Intelligence Estimates, and represented the IC on cyber issues when briefing the White House and testifying before Congress. Previously, he served in the Central Intelligence Agency's Information Operations Center and as an Intelligence Fellow with the National Security Council. He holds a J.D. and A.B. from Harvard University and an M.Sc. from the London School of Economics.
- Barney Schauble is a managing partner at Nephila, an institutional asset manager dedicated to investing in natural catastrophe and weather risk re/insurance and securities, which he joined in 2004. Schauble has more than two decades of experience in the insurance and risk management industries including time at Marsh, Guy Carpenter and XL Capital. He also spent six years in the Risk Markets group at Goldman Sachs, where he helped develop catastrophe and weather-linked products. More recently, he has served on the Board of Directors for The Climate Corporation, MetroMile, and Advisen. He holds a B.A. from Harvard College.
The announcement comes on the heels of Cyence appointing insurance industry veteran Jennifer Livingstone as its vice president of business development. The company launched from stealth in September 2016.
Cyence empowers the insurance industry to understand the impact of cyber risk in the context of dollars and probabilities. Cyence's unique approach combines economic/risk modeling, cybersecurity and big data analytics to create an economic cyber risk modeling platform. Cyence's platform and analytics are leveraged by leaders across the insurance industry to help understand and manage cyber risk, as well as to roll out new transformative insurance products. More information is available at http://www.cyence.net.
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