2026-11-09 · Source: Insurance News Australia
Summary in 3 Points • Lyra has launched a free cyber market intelligence platform for brokers to access provider information. • The platform currently includes data from ten cyber insurers, addressing market fragmentation. • Founder Jennie Reed aims to improve access to accurate cyber insurance information for brokers. --- Insurtech Lyra has introduced a free cyber market intelligence platform designed for brokers, providing insights into available cyber insurance providers and their risk appetites. Currently, ten insurers, including Agile and Axa XL, have contributed data, addressing the lack of a comprehensive resource for brokers navigating the cyber insurance landscape. Founder Jennie Reed, a former client director of cyber broking at Aon, highlighted the challenges brokers face due to fragmented market data. With an estimated 50 specialist cyber brokers in Australia, the platform aims to streamline access to accurate information, ultimately enhancing the advice businesses receive. Reed expressed excitement about the platform's potential and plans for further development as more insurers join the initiative. The launch of Lyra's platform addresses the fragmented data issue in the cyber insurance market, which is crucial for brokers navigating delegated authority models.
The launch of Lyra's platform addresses the fragmented data issue in the cyber insurance market, which is crucial for brokers navigating delegated authority models.