DynaRisk raises over $7M in seed funding

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DynaRisk CEO Andrew Martin

DynaRisk, a London, UK-based Cyber-InsureTech company, closed its seed round raising over $7m.

The funds will be used by the company to expand its geographic reach and to develop new products.

Led by CEO Andrew Martin, DynaRisk is an intelligence led Cyber-Insuretech provider for both personal and commercial business lines.

MGAs, MGUs and (re)insurers can become more profitable through the provision of risk management tools and data that improve loss ratios and deepen insured engagement. Its solutions can also be white-labeled and available in multiple languages. APIs are also available to integrate the company’s solutions into clients’ policy administration, sales, underwriting and risk management systems.

Both the solutions can be purchased without insurance through agents or managed service providers and included in cyber-insurance policies. The products are used in eight markets worldwide, protecting thousands of consumers and more than 4,000 businesses. Chubb Insurance, Canopius Insurance, Hiscox Insurance, Ascot Insurance, and BOXX Insurance are just a few of the many clients.

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