LONDON–(BUSINESS WIRE)–BreachBits today announces it has received investment from Lloyd’s, the world’s leading insurance and reinsurance marketplace, through its central fund. This is Lloyd’s 3rd strategic innovation investment from among over 150 alumni of the Lloyd’s Lab. This investment follows BreachBits’ successful co-development project in Lloyd’s Lab cohort 13, which ran from September to December 2024.
BreachBits, founded by former US military cyber warfare veterans, is a cyber hacking innovation company that has co-developed two unique products tailored by and for the Lloyd’s market: The Cyber Questionnaire Validator and Cyber Pre-Claim Intervention. These automated solutions aim to improve the efficiency and accuracy of cyber risk underwriting while enhancing profitability for carriers and brokers.
Rosie Denée, Head of Innovation, Commercial Education and Engagement at Lloyd’s, commented: “BreachBits is revolutionising cyber risk assessment by providing insurers with key visibility into their clients’ security posture. Their time in the Lloyd’s Lab helped refine their approach from concept to market-ready solution, demonstrating…
