Insurtech Zeguro has launched its platform designed to help small and midsize companies manage cyber threats in multiple ways.
The San Francisco-based managing general agency describes itself as an “end-to-end cyber safety platform and insurance provider.” Its new platform includes employee training, web app monitoring and customizable security policies, along with cyber insurance coverage it says can be tailored to an organization’s own risk profile.
Zeguro raised $5 million in seed financing last November from insurance industry investors including Munich Re (HSB Ventures/Hartford Steam Boiler) and QBE. Other investors include Mosaik Partners, Healthy Ventures, Social Capital, Plug and Play, and Sparkland Capital.
Zeguro co-founder and CEO Sidd Gavirneni told Carrier Management that Zeguro uses technology to understand a client’s risk, help the client decrease that risk and then offers insurance to meet diverse risk profiles. The platform can help “keep smaller companies in compliance with data regulations and contractual obligations.” He maintains that Zeguro is unique among Insurtechs because it ties in “the security posture of a business with cyber insurance, drastically impacting premiums for the price-sensitive small business.”
Hartford Steam Boiler and QBE are partnering with Zeguro to provide cyber insurance.
Looking ahead, Gavirneni said that the company will continue adding more features to its platform and also work on improving cyber insurance underwriting using its “unique security data.”
Potential customers can try the service through a free trial.
Zeguro expects to seek “more funding and resources” as it focuses on growth in the coming months, he said.
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