Cyber-cover insurtech DynaRisk lays claim to seed round; has $7m to date
Cyber insurance data and analytics insurtech DynaRisk closed a seed funding round to bring its first-year funding to above $7 million as it works towards scale in operations across Europe and North America.
“Since founding, DynaRisk has been at the forefront of mitigating risk for personal and commercial cyber insurers, reinsurers and MGAs,” said CEO Andrew Martin. “Being able to offer our clients new ways to protect their policyholders in this increasingly fraught cyber landscape is central to our mission. We couldn't be happier to have the backing of our investors to continue growing our product suite.”
DynaRisk bills itself as a risk management tool and data provider for MGAs, MGUs, and (re)insurers in the cyber realm with “valuable data and insights on any company globally to help demonstrate the need for cyber insurance.”
The company claims current partnerships with the likes of Chubb, Canopius, Hiscox, Ascot and BOXX Insurance “to improve loss ratios while engaging insureds and streamlining renewals.”
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