SAN FRANCISCO, Sept. 21, 2016 /PRNewswire/ -- Cyence, which emerged from stealth earlier this month to unveil its economic cyber risk platform quantifying risk in probabilities and dollars, has named insurance industry veteran Jennifer A. Livingstone as vice president of business development. She will direct all customer programs, projects and personnel globally.
Jennifer joins Cyence after more than two decades in a variety of underwriting and management roles at American International Group (AIG). Most recently, she led the North American broker channel and managed AIG's 100+ person business development team spread across 26 locations, and also worked with the AIG Science team on applying data analytics technology to improving profitability and driving product innovation. Jennifer has worked across Financial Lines and the Private Client Group and brings perspectives and relationships from across the world with positions based in New York, Lloyd's of London underwriting box, San Francisco and Los Angeles.
"Jennifer's deep and global expertise spanning the entire insurance value cycle from underwriting to distribution gives her a unique perspective in applying data science to empower the insurance industry to develop solutions for 21st century risks like cyber. We are very excited to welcome Jennifer and with her leadership, work even more closely with the insurance industry as we continue to invest in combining cybersecurity and economics in our cyber risk platform," said Arvind Parthasarathi, chief executive officer of Cyence.
"I've long believed that big data analytics will transform the insurance industry," said Jennifer Livingstone, vice president of business development at Cyence. "While insurance is an afterthought for a lot of technology companies, Cyence is the only company to be built from the ground up and dedicated to the insurance industry challenge of quantifying cyber risk so capital can be deployed against it. I look forward to driving the synergy between the insurance industry and Silicon Valley."
Jennifer is a graduate of The College of William and Mary, where she received a Bachelor's degree in international studies/political economy and was two-time captain of the women's nationally ranked top 10 soccer team. She will be based out of Cyence's New York office.
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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