Concirrus vs CyberCube — Data platform for US insurance, 2026.
Concirrus (7 named carriers) and CyberCube (7 named carriers) both sit at the data platform layer. Zero customer overlap in the public roster — they are addressing different segments of the same stack layer.
Last verified 2026-04-22 · methodology
TL;DR
- Concirrus has 7 publicly-named carrier deployments; CyberCube has 7. Both at the data platform layer.
- Zero customer overlap in the public roster. Concirrus and CyberCube are addressing different carriers within the same stack layer.
- Both classified ai-native on Phidea's generation axis.
- Both private-equity ownership.
- Analyst coverage: 1 firm cover both, 2 only Concirrus, 2 only CyberCube.
Customer overlap
| Bucket | Count |
|---|---|
| Named on Concirrus only | 7 |
| Named on CyberCube only | 7 |
| Named on both | 0 |
| of which US-named on at least one side | 0 |
Only on Concirrus
- TransRe (US)
- Arch Insurance International (UK)
- Howden (UK)
- Codan Marine (DK)
- SCOR (FR)
- Applied Specialty Underwriters (US)
- Applied Aviation (US)
Only on CyberCube
- Munich Re (global)
- Guy Carpenter (global)
- Hannover Re (global)
- MAPFRE RE (global)
- Relm Insurance Ltd (US)
- Elpha Secure (US)
- Converge (US)
Counts derived from 15sourced carrier-deployment entries across both vendor cards. Aggregate-only statements (e.g. “16 of the top 20”) excluded.
Stack position
Ownership and corporate context
CyberCube
- Type
- private-equity
- Parent
- Spectrum Equity (cornerstone investor, 2025); Forgepoint Capital, Hudson Structured Capital Management, MTech Capital (existing)
Source: CyberCube
Carrier-segment specialization
Analyst coverage differential
Both covered by
- Reinsurance News · Concirrus (2022: SCOR to use Concirrus' Marine Hull Market Model) · CyberCube (2025: CyberCube secures over $180m investment from Spectrum Equity)
Only Concirrus cited by
- Intelligent Insurer (2020: Concirrus closes $20m in Series B led by AlbionVC)
- PR Newswire (2025: Concirrus and Leading Lloyd's Follow-Syndicate Unite to Redefine Submission Automation in Specialty Insurance)
Only CyberCube cited by
- Artemis (2025: Cyber cat bond modeller CyberCube gets $180m investment from Spectrum Equity)
- The Insurer / Cyber Risk Insurer (2025: CyberCube raises over $180 million from new investor Spectrum Equity)
Recent news (last 12 months)
No news items in the last 12 months for either tool.
Sourced limitations
No publicly-sourced limitations recorded on the vendor card yet.
- CyberCube is a data and analytics provider, not a risk-bearing entity. Unlike Coalition or At-Bay, it takes no underwriting risk and holds no MGA authority — revenue is SaaS/licensing against (re)insurer budgets, so growth tracks cyber analytics wallet rather than direct-to-SMB premium volume. This is a narrower, more cyclical buyer base than a full-stack MGA.Source: CyberCube
- Cyber catastrophe modelling is still a young, model-diverse category. CyberCube's Portfolio Manager dominates third-party cyber ILS modelling, but the legacy cat-modelling incumbents (Verisk's Extreme Event Solutions, Moody's RMS) also ship cyber models, and large carriers maintain in-house experience-based models alongside. The third-party layer is additive, not yet regulatory-mandated the way nat-cat modelling is in Solvency II / RBC capital filings.Source: Forgepoint Capital
- Independent analyst recognition (Gartner, Forrester, Celent) on cyber risk analytics for insurance is thin at the category level — the market is covered primarily by specialist trade press (Artemis, Reinsurance News, Insurance Insider, The Insurer) rather than horizontal IT analysts. Buyers validate CyberCube through reinsurer and broker references, not Magic Quadrants.Source: Artemis
Limitations published on Phidea are sourced to the underlying citation and reflect what is publicly named — not an exhaustive list. Consult the vendor card for the full record.
Frequently asked
- Do any carriers run both Concirrus and CyberCube?
- Not in Phidea's public roster. Across 14 sourced carrier-deployment entries on both vendor cards, zero carriers appear on both. The two tools are addressing different carriers within the same stack layer.
- Who owns Concirrus and CyberCube?
- Concirrus is PE-owned. CyberCube is PE-owned (Spectrum Equity (cornerstone investor, 2025); Forgepoint Capital, Hudson Structured Capital Management, MTech Capital (existing)).
- Which has more named US carriers?
- Both have 3 publicly-named US carriers in Phidea's roster.
- Where are these tools positioned in the insurance stack?
- Both sit at the data platform layer. Concirrus operates as a standalone vendor; CyberCube operates as a standalone vendor.