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Lockton Partners with Axio to Revolutionize Cyber Risk Analytics for Businesses

Risk Analytics

Business Honor
10 April, 2025

Lockton partner up with Axio to provide deeper cyber risk quantification and insights.

Lockton, a leading independent insurance broker, has entered into a strategic partnership with Axio, a provider of advanced cyber risk quantification solutions. This collaboration aims to enhance the way organizations understand and manage cyber risks, offering them actionable insights into the potential financial impacts of cyber incidents.

In an era where businesses face mounting pressure from boards, regulators, and insurers for greater transparency regarding cyber preparedness, this partnership is poised to provide the tools necessary for companies to make informed decisions. By leveraging Axio’s platform, Lockton clients can move beyond basic risk assessments and gain a comprehensive view of their organization’s cyber exposure, tailored to their specific operations and environment.

Axio’s risk analytics platform offers a multi-layered approach to understanding cyber risks, starting with general business disruptions and extending to industry-specific impacts. The platform then personalizes its analysis based on each client’s unique technical and operational context. This results in detailed, data-driven insights that empower businesses to make smarter decisions about cybersecurity investments, controls, and insurance coverage.

Michelle Faylo, U.S. Cyber & Technology Leader at Lockton, expressed excitement about the partnership, stating, “We are thrilled to partner with Axio to enhance our cyber risk management offerings. This collaboration will enable us to provide clients with the most innovative risk quantification solutions, helping them navigate an increasingly complex cyber threat landscape.”

Scott Kannry, CEO of Axio, also praised the partnership, emphasizing its potential to set a new standard in cyber resilience. “Together, we are helping businesses make informed decisions to protect their assets,” he said.

As part of the collaboration, Lockton and Axio are integrating APIs between Axio360 and Lockton’s Scout analytics platform, ensuring that cyber brokers receive real-time, comprehensive insights to offer clients the best possible guidance in managing cyber risk.