The 2022 Insurtech List recognizes At-Bay as top cyber insurance provider worldwide
SAN FRANCISCO — JUNE 15, 2022 — At-Bay, the cyber insurance provider for the digital age, was today recognized by CB Insights as one of the 50 most promising insurtech startups from around the world. More than 2,000 companies were considered for the list, which is based on key metrics including development activity, market potential, and tech novelty.
As a modern insurance provider that liberates businesses from digital risk, At-Bay takes a differentiated approach to technology and risk management that has helped it achieve a ransomware claims frequency that is five times lower than the industry average.
At-Bay provides to every policyholder its proprietary active risk monitoring service, which is fully built and managed by a team of in-house technicians and security experts who help to monitor the attack surfaces of every customer and remediate new risk exposures when they occur.
At-Bay was previously recognized as one of the Top 250 leaders in Fintech by CB Insights in 2021 and has continued to build momentum in the market with new partnerships with Microsoft and Cloudflare. Currently valued at $1.35 billion following a $205 million Series D round, At-Bay’s gross written premium (GWP) surpassed $240 million in 2021 — a 600% increase over the previous year.
The complete 2022 CB Insights Insurtech 50 list can be found here.
At-Bay is the cyber insurance provider for the digital age. By combining world-class technology with industry-leading insurance expertise, At-Bay was designed from the ground up to empower businesses to thrive in the digital world. At-Bay is backed by Acrew Capital, Glilot Capital, the HSB fund of Munich Re Ventures, Icon Ventures, ION Crossover Partners, Khosla Ventures, Lightspeed Venture Partners, M12, entrepreneur Shlomo Kramer, and Qumra Capital. www.at-bay.com