How Andrei Craciunescu Is Redefining Risk Management with RiskCube

The insurance needs of the modern business have grown increasingly complex in recent decades. As they endure dramatic market shifts, become subject to a litany of regulatory demands, and find a way to protect against natural disasters like wildfires that increase in both frequency and severity, organizations worldwide are under more pressure than ever before to mitigate their liability and protect their bottom line. And as global insured losses from natural disasters escalate beyond an annual $112 billion, comprehensive coverage is absolutely vital.

Unfortunately, securing proper insurance for these complex risks is anything but straightforward. Traditional methods via a broker tend to move at a snail’s pace, requiring companies to bury themselves in reams of paperwork, submit the same information over and over, and then wait weeks — if not months — for quotes.

Looking to find a better approach is Andrei Craciunescu, a specialist whose career has spanned some of the largest insurers and reinsurers in the world. He’s created RiskCube to transform how businesses secure their insurance, helping them protect their investments faster, smarter, and with far less red tape — no matter how complex the risks they face.

The Making of an AI-Powered Broker Solution

While interning for a life insurer in Frankfurt, Andrei Craciunescu originally studied mathematics in college, obtaining a master’s degree while simultaneously serving as a student worker for the world’s largest reinsurance company.

During these early roles, Andrei realized that insurers are armed with deep reservoirs of risk data but routinely struggle to translate that information into effective insurance decisions. This problem inspired him to join the risk & analytics department at one of the largest commercial insurance brokers in the world. He was the first employee in its department for German-speaking countries and, therefore, a crucial part of building its team from the ground up.

He likens his work there to intrapreneurship, having been given the freedom to act like an entrepreneur within the corporation.

“There was no roadmap,” he recalls. “We had to create everything from scratch, and today, it’s a thriving team helping businesses manage their risks more effectively.”

Recognizing his potential, the firm funded Andrei’s PhD-level research in risk & insurance, giving him an invaluable mix of hands-on industry knowledge and advanced research experience. The focus of his studies was how artificial intelligence could streamline complex risk assessments. Simultaneously, in his daily work, he witnessed the negative impacts of brokers who struggled under slow, disjointed systems.

The result was the conception of a faster, smarter alternative: RiskCube.

RiskCube: Breaking Through the Red Tape

RiskCube is an AI-powered platform designed to make securing coverage far more efficient. Instead of filling out multiple duplicate forms for each insurer and waiting weeks for quotes, brokers and insurance agents can use RiskCube to enter key details into a single interface, push that information to multiple underwriters simultaneously, and vastly accelerate what used to be a painfully slow back-and-forth. This allows for a better scaling of operations as manual efforts are greatly reduced.

It also means near-instant quotes instead of lengthy email chains, not to mention a wider range of coverage options — including alternative markets — right at an agent’s fingertips. And when brokers and independent agents are armed with this valuable information, they can offer unmatched insight into their client’s business, expedite the sales cycle, and increase their profits.

How It Works

First, brokers input basic information about their client’s business, such as its address, geographical data, and any special needs/hazards that may be at play. In an agricultural context, for example, brokers would identify climate risks that could impact the ability to grow certain crops, such as a winery’s grapes — this data point would then inform how much crop insurance their client would need.

Then, RiskCube analyzes this information in conjunction with data like flood zones and wildfire histories to create a custom risk profile. So, if a warehouse is located in an area that’s seen a recent uptick in brush fires, this is flagged and folded into the property’s overall rating. This not only shows which risks are most pressing but also helps explain why certain coverage options may be more suitable than others.

After generating this risk profile, RiskCube requests quotes from insurers (including those in alternative or specialized markets for higher-risk properties). Then, using the risk profile created by RiskCube, brokers can make an informed decision about which one is the best quote.

Finally, RiskCube remains contextually aware of evolving risks, allowing users to respond dynamically to changing conditions. For instance, brokers and insurance agents can be aware of heightened climate risks and even receive specific coverage suggestions that protect against a targeted danger.

The goal is to help brokers and businesses stay ahead of emerging threats rather than scramble once a disaster has already started.

Actionable Insights Beyond Insurance

This proactive approach to insurance goes a long way toward helping businesses prepare for emerging risks. By drawing on weather forecasts, regulatory updates, and market data, RiskCube can pinpoint trouble spots before they cause damage. So rather than waiting until a wildfire or a sudden premium hike to land on their doorsteps, companies can decide where to expand, where to shore up their facilities, and whether to consider specialized coverage options — such as parametric insurance that triggers predefined, automatic payouts under certain conditions.

This is especially valuable for industries that are heavily exposed to environmental disruptions. For example, if a food-and-beverage company relies on constant refrigeration, RiskCube can highlight regions that face an increased risk of extreme heat waves, giving the company the opportunity to either reinforce its cooling systems or choose a safer location. For a logistics provider, RiskCube can warn about upcoming storms that might close roads or affect critical shipping routes.

By weaving together this intelligence, Andrei’s platform helps businesses move past insurance as a mere regulatory requirement and toward a strategy that proactively mitigates risks in a world where disruptions can happen at any moment.

Accelerating the RiskCube Vision

A major turning point for Andrei and his vision was when RiskCube was accepted into a startup accelerator program, which gave Andrei a chance to refine his commercial strategy, expand his investor base, and rapidly scale.

Later, Andrei was a guest at the World Economic Forum’s annual meeting in Davos, Switzerland, where he spoke about how innovation in insurance can address the financial strain caused by climate change. This marked the first time that insurers had a prominent seat at a global gathering traditionally focused on macroeconomics and geopolitics.

Andrei plans to use these successes and their momentum to propel RiskCube forward and meet the growing demand for proactive, AI-powered insurance solutions.

Looking to the Future

From devastating wildfires to record-breaking floods, insurers are struggling to keep pace with the many risks facing modern businesses. RiskCube offers a glimpse into how technology can bridge this gap, providing real-time insights and coverage options that more effectively mitigate liabilities.

It’s part of Andrei Craciunescu’s vision of an insurance industry that’s quicker, more transparent, and ready to handle escalating unpredictability. For brokers, that means they can be more competitive and increase their profits thanks to reduced lead times and faster insurance acquisitions.

Follow Andrei on LinkedIn to learn more about how AI is reshaping insurance and helping businesses navigate an increasingly uncertain world.

BDG Media newsroom and editorial staff were not involved in the creation of this content.