Baobab Insurance has prevented losses amounting to over €10 million in the last three years and plans to expand into other European countries.
Organizations Involved
Allianz SE, Zurich, ERGO, Liberty Specialty Markets, Tokio Marine Kiln, Talbot, Argenta
Founders
Vincenz Klemm
Company Description
Baobab Insurance is Germany’s first integrated cyber insurance provider and risk mitigation provider, operating as a Managing General Agent for digital risks. Its product portfolio includes cyber insurance, an e-crime insurance product, and an IT liability policy for IT, software, technology, and telecommunications companies in Germany and Austria.
Market
Cybersecurity Insurance
Location
Berlin,
Germany
Coinvestors
Viola FinTech, eCapital, Augmentum Fintech, Project A Ventures