Insight and Intelligence on the London & International Insurance Markets 24 Apr 2018
Cyber underwriter Envelop Risk launches
- 16 April 2018
Envelop Risk, a data analytics-led underwriting platform for cyber (re)insurance products, has launched today under the leadership of Jonathan Spry.
The start-up uses an MGA-type model but will also partner with cyber security firms to create products which fill gaps in currently available cyber coverage.
Envelop Risk, which has closed an initial seed funding round, said it has a proprietary, artificial intelligence-based simulation model that allows it to better evaluate cyber exposure and make portfolio pricing more accurate.
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