London-based DynaRisk has raised $4.7 million in a funding round to accelerate product innovation and fuel the international expansion of its cyber risk management solutions for the insurance sector.
The company plans to use the new funding to help expand its operations across the Europe, Middle East and Africa (EMEA), North America and Asia-Pacific regions, it said in a Monday (July 28) press release.
DynaRisk was founded in 2016 to provide the insurance industry with accessible cybersecurity solutions for individuals, families, and small and medium-sized businesses (SMBs), according to the release.
The company helps the insurance industry protect policyholders with threat intelligence-backed risk management and underwriting software as well as cyber incident response services, DynaRisk CEO Andrew Martin said in the release.
When embedded into insurance offerings, these cyber-risk solutions help insurance industry professionals enhance their premiums, underwriting and policyholder engagement while reducing claims and loss ratios, per the release.
DynaRisk currently supports more than 25 insurance customers worldwide that cover about 2.4 million consumers and 800,000 SMBs,…
