Coastal Insurance Underwriters Acquires Assets of Florida Tech Company Cybercom

Coastal Insurance Underwriters, Inc., a Ponte Vedra Beach Florida based MGU and program administrator, acquired the assets of Cybercom International Corp. on Jan. 2, 2020.

Cybercom International Corporation, Inc. (CIC) was established in 1997 as a custom software development company in Ponte Vedra Beach, FL. During the past 23 years, Cybercom has been building enterprise-level applications for a number of vertical markets, including insurance, e-commerce, industrial, medical, and manufacturing.

Cybercom’s capabilities include new product development, existing product support, analytical reporting, document generation, third-party integration and workflow automation. In the insurance marketplace, Cybercom has built tools for a number of coverage lines, including Property, General Liability, Crime, Directors & Officers, Umbrella, Commercial Auto Liability, and more.

Cybercom has maintained a strong relationship with Coastal for over 15 years. Coast said what started out as a simplified rating engine has transformed into a full lifecycle policy system for both personal and commercial lines products.

The companies work together to continue to advance in automation and enhance Coastal’s proprietary policy lifecycle management system.

Erez Wolf, president and founder of Cybercom International Corporation Wolf will become Coastal’s chief technology officer and president of Cybercom Technology, LLC.

Coastal Insurance Underwriters, Inc., founded in 2007, is a program administrator specializing in designing, creating, and managing insurance products for a variety of business classes, including condominium associations, homeowner associations and golf and country clubs.

Coastal focuses on community association products with over 8,000 homeowners and condominium associations currently insured.

Topics InsurTech Mergers & Acquisitions Florida Tech Underwriting