# Opener

Axio’s Insurance Value Proposition

For every other Critical Enterprise Risk, enterprises quantify their balance sheet exposure tied to the risk, then within context of affordability, risk appetite and tolerance, make informed decisions about deployment of risk capital. Axio is a leading second generation cyber risk assessment and quantification solution provider bringing transparency and defensibility to complex cyber risk that can be universally understood, not just a ‘black box’ number. what makes us unique is that, in addition to our proprietary SaaS-based cyber risk assessment platform, our insurance team have a wealth of direct Corporate Risk Insurance knowledge so we are uniquely placed to support all stakeholders across the ecosystem. 

We support the insurance eco system including Insurers and Reinsurers, Insurance and Reinsurance Brokers with our Cyber Underwriting 2.0 approach, Enterprise Clients/ Captives and Pooled Risk in addition to Insurance and Financial Regulators supervising capital provisioning and solvency ratios. 

 Axio360 is the only risk management platform designed to align Enterprise internal constituencies (security leaders, business leaders, executives, Boards of Directors) with external insurance partners around a common set of Expectations, benchmarks, performance metrics, and shared understanding of the most critical corporate risks and insurable exposures.

Axio’s insurance value is grounded in both technical cyber expertise AND Deep Primary and Reinsurance, Captive and Risk Pooling expertise including Primary, Facultative, Reinsurance underwriting of Cyber, Financial Lines, Property, Energy, Marine and most other categories. 

From Energy to Power Generation, to Financial Institutions (including Cyber Risk Institute Profiling) to Healthcare and Complex Manufacturing and Defence we can support multitude of sectors and turnover segments at either a client level, portfolio or catastrophe modelling for both cyber liability and cyber-physical damage.

Axio brings transparency to cyber risk by providing clear, defensible assessments that move beyond traditional “black box” metrics. Unlike other approaches, Axio’s proprietary SaaS-based platform quantifies balance sheet exposure, allowing enterprises to make informed decisions based on affordability, risk appetite, and tolerance.

 Insurers & Reinsurers

Complex Cyber risk needs to be risk-engineered, but in-house capability and industry exposure is often not as mature as other classes 

With Axio, you can:

  • Access extensive Corporate Risk Insurance expertise.
  • Leverage industry and academic cyber insights.
  • Enjoy support across all industry segments.
  • Get solutions for client-level, portfolio, and catastrophe modeling.
  • Gain expertise in cyber liability and cyber-physical damage.
  • Reduce costs with outsourced risk engineering services.
  • Simplify processes with complete assessment and quantification solutions.

 Insurance & Reinsurance Brokers

Complex Cyber risk needs to be risk-engineered, but in-house capability and industry exposure is often not as mature as other classes.

With Axio, you can:

  • Drive results across diverse sectors and turnover ranges.
  • Optimize client, portfolio, and catastrophe modeling.
  • Mitigate risks in cyber liability and cyber-physical damage.
  • Enhance existing broker cyber capabilities.
  • Access expert support without building in-house teams.
  • Streamline processes with fully managed assessment and quantification (QaaS).

Risk Pools and Captives

Captives aiming to develop innovative, tailored insurance protection often lack the necessary tools and expertise to assess and quantify cyber-related balance sheet risk and capital provisioning.

With Axio, you can:

  • Tailor support for all sectors and turnover levels.
  • Tap into our expertise in client, portfolio, and catastrophe modeling.
  • Address cyber liability and cyber-physical risks more effectively.
  • Avoid the need for internal risk engineering resources.
  • Simplify with outsourced assessment and quantification (QaaS).

Insurance Regulators

Uninsured malevolent cyber risk presents a significant investment, capital and fiduciary risk; an often unknown and un-capitalised exposure. 

With Axio, you can:

  • Navigate Basel III requirements and protect revenue.
  • Prioritize fiduciary responsibilities to investors.
  • Tackle uninsured risks like cyber physical damage and business interruption.
  • Evaluate potential total loss of secured assets.
  • Ensure compliance with ‘All Risks’ insurance requirements in agreements.
  • Access specialized insurance for cyber-related damages through Lloyd’s of London.
  • Enhance protection for financial institutions and investors.

Contact Us

Gavin Lillywhite.

Head of Insurance Distribution & Client Management

Gavin is a Chartered Insurer with 30 years global insurance industry expertise joining Axio in June 2023 after 22 years at Allianz. Throughout his career, he has held a variety of roles including Global Property & Casualty Underwriting whilst leading Financial Institutions and Real Estate Underwriting portfolio verticals, Client Management, and Head of Global Broker Management, latterly with a €4.2Bn portfolio under management with Aon and WTW in addition to his previous work with Marsh, AJG, Howden, Lockton et al and numerous Broker Networks. Having spent more than half his career in global roles he has expert knowledge of global insurance markets from the Americas to Asia Pacific and everything in between across Property & Casualty (including Cyber), Specialty, Credit Solutions, Asset Management, and Life & Health. He holds a post-graduate Diploma in Advanced Management and in 2005 was also awarded The Burton Rowe Prize for CIl Best National Paper in Advanced Insurance

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Peter Armstrong.

SVP Risk Engineering and Risk Capital

Peter is an expert in management of cyber risk and cyber security and a self-professed cyber and risk management geek. He’s a seasoned executive, advisory board member in technology & risk environments: leading Axio Risk Engineering and Risk Capital business. He was the Senior Cyber Subject Matter expert at Munich Re Group & before that led the WTW Cyber risk consulting business where he focused upon quantification & management of cyber exposure in the risk portfolios of large organisations. He has served on the Advisen Cyber Security Conference Advisory Board & is a leading thinker in developing responses to the cyber challenges facing large, complex organisations. Peter’s background is in the Government and commercial Defence, Intelligence and Security Sector where for many years he led sensitive cyber security activities in the UK and overseas with a particular focus upon Industrial Control Systems and Operational Technology in Energy (including Nuclear), Utilities, Transportation, Primary Industries and manufacturing (notably Aviation, Automotive and High Tech). He ran the Thales Cyber Security Business, the Finmeccanica global Battles pace business and the UNISYS Commercial Industries Group. Peter’s early career was spent serving as an officer in the Royal Navy deployed during The Cold War in Nuclear Submarines. Peter holds a Masters degree in IT and Management, his first degree is in economics and he is a Fellow of The Institute of Directors.

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Interesting in learning more about Axio solutions for the insurance ecosystem