Envelop Risk, a London-based cyber insurance analytics firm, announced the launch of a cyber managing general agent (MGA).
Envelop Risk provides cyber underwriting to re/insurers and partners with cyber security firms to deliver custom cyber insurance products for their customers.
The company said its cyber risk insights are driven by a proprietary, artificial intelligence-based simulation model, which enables more-accurate policy and portfolio pricing, while reducing risk exposure.
“Envelop Risk’s founding management team combines decades of insurance industry expertise with sophisticated cyber software and artificial intelligence-based analytics,” the company said in a statement.
“We are excited to launch new insurance offerings that address gaps in the rapidly-growing and increasingly complex world of cyber insurance,” said CEO Jonathan Spry.
“Our innovative, proprietary technology allows us to better determine risk and therefore price accurately. With the close of an initial seed funding round, we are in a position to expand and build upon our extraordinary team,” he added.
Envelop’s cyber analytics combine artificial intelligence; security analytics;…
