DynaRisk, a London, UK-based Cyber-InsureTech company, closed its seed round raising over $7m.
The company intends to use the funds to expand geographically and develop new products to widen its reach.
Led by CEO Andrew Martin, DynaRisk is an intelligence led Cyber-Insuretech provider for both personal and commercial business lines.
The company helps MGAs, MGUs, and (re)insurers become more profitable by providing risk management tools and data to improve loss ratios while deepening insured engagement. Its solutions can be white labelled for partners and support multiple languages. APIs are also available to integrate the company’s solutions into clients’ policy administration, sales, underwriting and risk management systems.
The solutions are both included with cyber insurance policies and sold without insurance via agents and managed service providers. The products are deployed in 8 markets around the world protecting 10,000s of consumers and over 4,000 businesses. Clients include Chubb, Canopius, Hiscox, Ascot and BOXX Insurance.
FinSMEs
01/06/2022