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Cyber Insurance | Top Companies Providing Cyber Insurance Solutions

Define: Cyber insurance?

Cyber-insurance is a specialty lines insurance product intended to protect businesses, and individuals providing services for such businesses, from Internet-based risks, and more generally from risks relating to information technology infrastructure, information privacy, information governance liability, and activities related thereto. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not specifically defined in traditional insurance products. Coverage provided by cyber-insurance policies may include first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data, or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.

(Source)

Top Cyber Insurance Companies and Solutions

This article showcases Threat.Technology’s top picks for the best insurance solutions. We selected these companies for exceptional performance in one of these categories:

  • Innovation
    • Innovative ideas
    • Innovative route to market
    • Innovative product
  • Growth
    • Exceptional growth
    • Exceptional growth strategy
  • Management
  • Societal impact

Data sourced from Crunchbase and SemRush.

At-Bay

At-Bay

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At-Bay provides cyber insurance for the digital age that empowers you to embrace technology fearlessly. The company was founded with the intent to provide insurance products and services that enable companies to innovate despite the recurrent threat of cyber risk.

They continuously analyze, model and predict cyber risk, to create the best coverage for clients, and partner with brokers to deliver a comprehensive risk management program.. .

Cowbell Cyber

Cowbell Cyber

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Cowbell Cyber delivers the first vertically-integrated cyber insurance solution, making cyber insurance 2.0 a reality. Cowbell combines outside-in and inside-out risk assessment with AI-powered cyber risk modeling and underwriting to issue customizable cyber policies written on the industry’s most robust and admitted cyber coverage forms.

Policyholders benefit from a transparent buying experience, a policy tailored to their unique needs, and value on day one with recommendations to remediate identified risks.. .

Coalition

Coalition

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Coalition is the provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Coalition provides companies with up to USD $15 million of cyber and technology insurance coverage in all 50 states and the District of Columbia, as well as CAD $20M of coverage across all 10 provinces in Canada.

Coalition’s cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber attacks.. .

Cover Genius

Cover Genius

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Cover Genius provides an insurance distribution platform designed to protect the customers of e-commerce companies. Its products feature integrated end-to-end insurance and warranty capabilities and offer dynamic product recommendations and pricing optimization, while also undertaking the payment of a customer’s claim in real-time, enabling customers to access increased protection against any uncertainty.

The company was founded in 2014 and is headquartered in Sydney, Australia.. .

Superscript

Superscript

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Superscript provides business insurance designed specifically to meet the fast-changing needs of small businesses. Underpinned by proprietary technology, expertise in emerging risks and threats, and partnerships with some of the world’s biggest underwriters, it delivers bespoke, subscription-based insurance cover for all types of risk.

Superscript shapes business protection around businesses’ individual needs, from essential cover through to complex risks. It delivers a personalised customer experience that supports the ever-evolving needs of small to medium-sized businesses.

Superscript was originally founded as Digital Risks in 2015 and is based in London, England.. .

Pitzi

Pitzi

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Pitzi is the leading Brazilian insurtech, using cutting edge CX design and an innovative supply chain to transform how Brazilians interact with insurance products. Pitzi powers many of the largest smartphone insurance programs in Brazil in partnership with leading insurance companies, protecting more than 1 million Brazilian consumers.

Pitzi is backed by top venture investors including Thrive Capital, Kaszek Ventures, QED and DCM Ventures, and is headquartered in São Paulo, Brazil.. .

Zeguro

Zeguro

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Zeguro is a cyber insurance startup focusing on helping small businesses mitigate their cyber risks.

Omocom

Omocom

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On demand micro insurance for circular economy platforms

Envelop Risk Analytics

Envelop Risk Analytics

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Envelop Risk is a global specialty cyber insurance firm.

AI Insurance

AI Insurance

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AI Insurance builds claims management software for small insurance companies. By introducing digital workflows and predictive analytics into a 300-year-old space, AI Insurance is changing how claims are handled.

They put the tools of the big companies in the hands of the small ones so that claims close faster, insureds get paid faster, and insurers save money.. .

Etherisc

Etherisc

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Etherisc is developing a protocol for decentralized insurance applications.

Shebaotong

Shebaotong

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Shebaotong provides social security, provident fund, commercial insurance, salary services, labor cost optimization and other services.

Amplify Intelligence

Amplify Intelligence

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Amplify Intelligence takes a data driven approach to reduce Cyber Insurance losses. Rapid growth in Cyber Insurance claims are choking the growing $30B market with up to $15B of losses.

The Amplify Intelligence Cyber Safety Service is included with cyber insurance policies, and produces targeted data enabling the identification of profitable customers, reducing the frequency of claims, and reducing the costs of claims.. .

Bike-ID

Bike-ID

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Bike-ID offers a free international bicycle registry, security marking kit, and insurance for bicycles. With security label and trace signs bearing the registration number of the bike, the database can help identify its owner, even if the number of the frame is removed.

Bike-ID was launched by Meeri Klausen and Risto Klausen in 2014 and is based in Berlin, Germany.. .

Incito

Incito

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Incito builds and provides business Insurance for small businesses and independent professionals.

John Hancock

John Hancock

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John Hancock’s core retail products in the U.S. focus on providing financial solutions at every stage of our clients’ lives.

Our product suite includes life insurance, mutual funds, 401(k) plans, long-term care (LTC) insurance, and annuities. We distribute our products primarily through licensed financial advisors, and through John Hancock Financial Network, a national network of independent firms..

Safely

Safely

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Safely. Trust insured.

Safely answers the two most pressing questions in the vacation home rental industry: Who is staying in my house? What happens when something goes wrong? Combining a rigorous guest verification program with the most comprehensive insurance available, Safely gives property managers and homeowners peace of mind that their homes are safe and protected.. .

Indra

Indra

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Indra provides information technology offerings for finance, insurance, public administration, airports, defense, healthcare, media, telecom, security, energy, and infrastructure end markets. Its product capabilities include analytics, cloud computing, enterprise resource planning, networks and communications, electoral processes, bus technology, subway technology, and sustainability solutions.

The firm generates revenue in Europe, Africa, the Middle East, the Americas, and Asia-Pacific.. .

Bewica

Bewica

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Bewica helps small businesses be more cyber secure with automated risk assessments, management and cyber insurance

CyberPolicy

CyberPolicy

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CyberPolicy is your Trusted Advisor for Cyber Insurance. With curated choice and competitive rates from leading insurance carriers, They are committed to helping you find the right cyber coverage to protect your business against cyber attacks.

From creating a Cyber Plan, selecting cybersecurity tools, to purchasing the right policy, their team of licensed Advisors are here to offer objective advice and all the help you need. CyberPolicy, Inc is a wholly owned subsidiary of CoverHound, Inc.

CyberPolicy is distributed by CoverHound, Inc. acting as a Managing General Agency (MGA).

Founded in 2010, CoverHound is a San Francisco-based insuretech company backed by Chubb (formerly the ACE Group), one of the largest global insurance companies, American Family Ventures, RRE Ventures, Blumberg Capital and others. CoverHound delivers online platforms for comparing and purchasing P&C insurance, built to deliver fast, accurate and actionable rates from leading US carriers..

Swapsafe

Swapsafe

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Swapsafe is a company that provides insurance approved key boxes. It provides technology solutions in particular for security, which seeks to solve the disadvantages and problems related to the exchange of physical keys.

Its key exchange cabinets are security classified boxes that enable the self-service exchange of keys for customers to exchange physical keys in a secure and innovative manner. Swapsafe was founded in 2015 and is headquartered in Aarhus, Midtjylland..

helden.de

helden.de

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helden.de stands for sophisticated, fair and digital insurance products.

USIS

USIS

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USIS is an information and security services company serving human resources, insurance, government agencies, and National Security

State Auto Insurance

State Auto Insurance

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In 1921, State Automobile Mutual Insurance Company was founded. With three employees and a rented room in downtown Columbus, Ohio, Bob Pein set forth to tackle the inequities in the insurance industry.

From the very beginning, State Auto advocated the independent agency system as the best approach to serving the needs of its policyholders. To this day, as hometown neighbors, local independent agents continue to provide efficient, professional and more personalized service than that of their competitors..

ThreatInformer

ThreatInformer

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ThreatInformer provide cyber risk intelligence to the insurance industry. Combining threat data, security assessments and environmental factors, ThreatInformer’s cloud SaaS platform delivers the complete cyber risk picture.

ThreatInformer brings together a team with cyber insurance, incident response, threat intelligence and platform development experience. With a relentless focus on the cyber insurance industry they are providing insights to transform the way risks are placed and written..

NSure.ai Payment Assurance

NSure.ai Payment Assurance

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NSure.ai uses an advanced AI technology to provide merchants with insurance-backed protection against digital gift-card fraud. The company offers unparalleled performance with an unprecedented pricing model.

It is able to cut false positives, maintaining manual review to 1% and less while keeping CB rates below 50 basis points. With NSure.ai, users will increase their revenue, deliver the best customer experience, and improve loyalty.

It is headquartered in Tel Aviv, Israel.. .

Cyber Boxer

Cyber Boxer

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Cyber Boxer an insurance data management and analytics company.

Cyberfense

Cyberfense

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Cyberfense is a multinational InsurTech software company with offices in London, New York, and Paris that is focused cyber risk management and risk transfer. It houses a core platform that adopts the company namesake; the Cyberfense platform, hosts a series of products that serve a bridge between enterprises looking to assess cyber risks in a non-invasive way while creating a market for risk management service providers remedy problems.

Cyberfense serves as a sales tool for insurance brokers to engage complex and small supply-chains of enterprises while seamlessly offering the services to manage the risks that are ultimately transferred via insurance premium.. .

Kivu

Kivu

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Kivu is a cyber security firm trusted by top cyber insurance providers, law firms, and enterprise clients across the globe.

Surance.io

Surance.io

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Surance.io is a provider of personal cyber protection and insurance service. Its risk prediction model and expertise in cybersecurity enable the insurer to execute “plug & play” processes of digital sales, automatic underwriting, and digital claims processing on cyber insurance for IoT.

Surance.io was founded in 2017 and is based in Tel Aviv.. .

CyberDot Inc.

CyberDot Inc.

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Technology enabled cyber insurance brokerage.

Parassure, Inc.

Parassure, Inc.

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Cyber security is the #1 risk on buyers minds, especially for Cloud, Software, and Services. Parassure provides an easy to integrate service to help you protect your customers from the inevitable data breach.

Parassure is a channel-only, subscription-based insurance/technology company that helps Service Providers protect their customers. We bundle monitoring and cyber insurance into an easy to use and affordable security package to help you grow your security services..

CyQuant

CyQuant

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CyQuant provides the re/insurance market an innovative and precise tool to quantify, monitor, and mitigate cyber risk.Their approach is based on knowledge from ETH and the University of Zurich, combined with extensive experience in IT security, modelling, and underwriting. CyQuant’s platform bridges cyber insurance and cybersecurity and improves cyber resilience for businesses of any size.

Bringing the technology (Machine Learning) to where the risks are growing (cybersecurity), which promises to fulfil savings for both company and insurer. CyQuant is a platform that helps SMEs and corporates to tackle the topic of cybersecurity.

It provides comprehensive assessment tools, learning tools, and product recommendations in the areas of human behaviour, IT security, and insurance to avoid them to go bust (if they are properly insured). .

Frasco, Inc.

Frasco, Inc.

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Frasco® Investigative Services provides expert investigative and SIU services to the insurance, third-party, self-insured and legal industries, as well as to many domestic and international public and private employers. Established in 1964, Frasco brings over four decades of industry expertise in conducting investigations.

Frasco provides full-service investigations, whether your needs are local, national or at an international level from their corporate headquarters in Los Angeles, CA. Their services include: Surveillance; Statements; Workers’ Compensation; Liability; Disability; Scene Investigations; Backgrounds and Financials; Trial Services and Litigation Assistance; Activities Checks; Clinic Audits; Alive and Well Checks; Hospital and Pharmacy Checks; Subrogation and Fraud Investigations..

INSUREtrust

INSUREtrust

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INSUREtrust is a national insurance wholesaler that offers insurance coverage specifically designed for the digital age. The company also specialized in risk management for Cyber Liability, Technology Errors & Omissions, and Miscellaneous Professional Liability and works to help risk management professionals understand and access insurance products and risk resources that address emerging risks in these areas.

INSUREtrust also offers liability and risk management insurance to protect a business and its vital electronic information against hackers, viruses, and computer network breaches. They distribute these products through professional independent agents.

They develop, market, and underwrite an insurance policy covering the new commercial risks generated with using the Internet such as security and privacy breaches. INSUREtrust was founded in 1997 and is based in Norcross, GA, USA..

Piprate

Piprate

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Piprate gives companies in the (re)insurance space a way to share data that creates trust, accountability and transparency. We do this by providing blockchain-backed data wallets and APIs to enable secure transfer and complete data traceability between business partners.

Our solution makes insurance data sharing significantly more secure and efficient, and contributes to compliance initiatives.. .

Cincinnati Intermediaries

Cincinnati Intermediaries

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Cincinnati Intermediaries, a specialty wholesale brokerage and managing general underwriter (MGU) focused on risk management and insurance.

Inhance Technology

Inhance Technology

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Inhance Technology is headquartered in Ireland and is a market leader in mobile device anti-theft solutions. Operating globally from our headquarters in Cork and offices in Cambridge, MA we work with Insurance & Warranty companies, Telecom Operators, Consumer Electronics Retailers and OEMs, having developed a wide range of anti-theft and security solutions for smartphones, tablets & laptops.

We specialize in offering white label solutions to partners with a fully integrated enterprise level business solution including multi-language customer support, training and marketing support. We create a tangible, relevant product for consumers – enabling our clients to attract and retain mobile insurance customers and reduce the potential cost of fraudulent claims..

National Security Group

National Security Group

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The National Security Group, Inc. (NSG) is an insurance holding company.

The Company, through its three wholly owned subsidiaries, operates in two industry segments; property and casualty insurance, and life insurance. The property and casualty subsidiaries of the Company, National Security Fire and Casualty (NSFC), and Omega One Insurance Company (Omega), primarily write personal lines coverage, including dwelling fire and windstorm, homeowners, mobile homeowners, and personal non-standard automobile lines of insurance in 11 states.

The Company’s life insurance subsidiary, National Security Insurance Company (NSIC), offers a basic line of life and health and accident insurance products in six states. As of December 31, 2011, the Property and casualty insurance accounted for 88% of total revenues of the Company.

The independent agent distribution method accounted for 63.8% of total revenues in the life insurance segment as of December 31, 2011. .

Neos Ventures

Neos Ventures

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Neos Ventures provides home insurance that uses smart technology to protect the people and things the customer cares about. It offers alarm systems, indoor security cameras, smoke detection and fire prevention alarms, and flood and leak detectors.

The company also provides 24/7 monitoring and emergency assistance services. In addition, it offers an iOS mobile application to control the monitoring systems and detect leaks..

Territory Insurance Office

Territory Insurance Office

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TIO was established in 1979 to provide insurance options for those living in the Northern Territory. Their focus has not changed.

Headquartered in Darwin, their strength lies in their solid understanding of the conditions faced within the Territory year after year. Whether that be flood, cyclone or whatever else Mother Nature can throw their way, they live here too and they get it.

As a division of Allianz Australia Insurance Limited and part of the global Allianz Group, TIO is supported by the world’s largest insurer. They provide a comprehensive range of insurance products across both personal and business portfolios.

This includes home, motor, marine, business, life, travel and workers compensation. They also manage the Motor Accidents Compensation Scheme on behalf of the Northern Territory Government.

Employing 170 staff, they are proud of their local claims and call centre, with important decisions about your insurance being made right here in the Territory. TIO is, and always will be, for Territorians..

Ensuprecio

Ensuprecio

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At Ensuprecio, they are a linked, dynamic, innovative and new Insurance Agency that started its activity in July 2014. Under the Ensuprecio.com brand and with the support of the first level insurers that are part of the portal they want to enhance the value of the client by offering the Best price and service bidding on your interests.

They want to be sure that you receive the best possible offer from the market by having all insurers participating in Ensuprecio.com make their best effort to have you as a satisfied customer. They want to satisfy your needs in an innovative way, with the best quality and security of service.

For this they offer easy and accessible tools so that the client and the insurance companies can manage the policies in an easy, fast way keeping a record of your bids and insurance.. .

CyberBee

CyberBee

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Drawing on over 150 years of insurance experience, we’ve developed CyberBee to meet the unique challenges of Cyber Risks. By providing advice and knowledge specific to your industry, we help facilitate what needs to be done to keep your business protected.

Our specialist insurer partners will act fast to reduce the damage and get you back up and running. You can count on us to support your business and reputation.

Be confident you have the control measures in place to protect your confidential data, systems and assets Cyber Risks and Real Bee Sure, Bee Safe, Bee Secure. .

Altipeak Security

Altipeak Security

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Altipeak Security is a cyber security startup that offers improved security to SMBs, corporates, banks, and insurance companies.

NEVIS

NEVIS

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NEVIS protects over 500 banking, insurance and government portals and secures over 80% of all e-banking transactions in Switzerland.

iUnlimited

iUnlimited

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Since 2004, iUnlimited Inc. has delivered quality investigative services and solutions to national and regional insurance carriers, third party administrators and employers.The team of iUnlimited is comprised of experienced investigation managers who oversee the staff of career field investigators.

Everyone on their team has the experience and most importantly, the desire to deliver an exceptional work product.. .

London Private Detectives

London Private Detectives

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London Private Detectives is an Insurance company located in 16 Old Queen St, London, England, United Kingdom.

Okun Financial Group, Inc.

Okun Financial Group, Inc.

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Okun Financial Group (OFG) a risk-based financial services firm, is recognized by their individual and corporate clients for guidance, effective implementation, and superior service. Dedicated to the highest ethical standards, OFG provides comprehensive financial and insurance services.

OFG is focused on helping clients achieve security, independence and building long-term relationships founded on mutual trust and respect.. .

Leader Team Insurance Broker

Leader Team Insurance Broker

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Leader Team Insurance Broker is an insurance brokerage company that specializes in risk management services. Its products and services include international products, risk consulting, damage consulting, and programs for employees.

The company was founded in 2006 and is headquartered in Bucharest, Romania.. .

Vision Teknology Ltd

Vision Teknology Ltd

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Vision Teknology Ltd is an SSAIB and Insurance approved family based business .

Endorel

Endorel

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Endorel offers premium business, private web and cloud hosting solutions for web designers, developers, and creative agencies. Insurance, CyberSecurity, CDN, Cloud Management.

Endorel provides hybrid cloud-based services that enable businesses to run their workload in a public or private cloud also with high security solutions. Endorel enable enterprises to capitalize on market opportunities presented by trends web and cloud while overcoming the challenges presented by security threats and the need to reach users globally.

The Endorel Intelligent Platform™ reaches globally and delivers locally, providing unmatched reliability, security and visibility into your online business.. .

This article was written by Benjamin Skute from Threat.Technology. The editor for this article was Tess Page. If your company is featured in this article and you want to have amendments made please contact us on: [email protected].

Alternatively you may write to us at: Threat.Technology/Fupping Ltd, First Floor, 61-63 Rochester Pl, London NW1 9JU.

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