British cyber risk management firm Dynamic A $ 4 million fund has been announced today to accelerate product innovation and fuel international expansion.
The round was led by the YFM Equity Partners (YFM).
Commenting on investment, Andrew MartinDinerisk’s CEO says: “Brokers, MGA and (re) insurers are rushing to tap the fast growing cyber insurance market because cyber risk is now one of the stressful challenges for global customers and SMEs. While working with Global Banks, I found that the larger corporations were using the expensive and complex enterprise-level software and services and wanted to put them in more people in the hands of more peopleThe
“Dinerisk bridges gaps for the insurance sector, helping them to protect their ethics with industrial-activist threat detectives, including cyber event services as well as risk management and underwriting software. YFM quickly understood our view of our view and their support would be critical because we scale worldwide and continue to develop our platform to meet the growing demandThe “
Dinerisk was founded by a former banking cyber-insurance expert and self-educated hacker-Andrew Martin in Dinerisk 2016, who believed that more equipment and data needed to help tap the fast growing cyber insurance and cyber support market in the insurance industry.
According to him, there is a lack of simple and accessible cyberquacy solutions supported by advanced threat detectives for individuals, families and SMEs in the market.
Dinerisk is a cyber detective sauser that enables the insurer to detect, monitor and reduce the policy holder cyber risk. Its platform combines predictional analysis, global threat data and multilingual 24/7 support to reduce cyber insurance claims and improve customer retaining.
As the demand for cyber insurance and digital risk alleviation, this round will help to expand its activities across the EMEA, North America and the Asia-Pacific, scaling its commercial and technical activities.
Meanwhile, the business has appointed its board serial entrepreneur Phil Jaidler, whose track records include the establishment and operating of successful insuratec business.
Today, Dinerisk Threatens Sasser works with insurance, brokers and MGAs to help the person and business with their necessary tools to empower themselves with a suit of intelligence, portfolio-level observations and helpline services. It embeddes its cyber -risky solutions on insurance offers, its software provides weakness scanning, Dark Web Monitoring, Cyber Security Score, Training and Education and Appropriate Remedy.
Dinerisk solutions are reported to help brokers, underwriters and claim parties to increase premiums, enrich underwriting, increase the busyness of policy holders and prevent cyber-attacks.
Matt Gordon-SmithInvestment Director of YFM Equity Partners, added: “Dinerisk has created a fascinating platform and a client base in one of the rapid growing sections of the market. As the cyber threat increases, the insurers and brokers under pressure to add their policy holders to more value are ideally located in the detective platforms and services of dinerisk. They increase their international footprints and continue the leadership of the innovation in cyber risk management as we are delighted to back Andrew and his teamThe “
Dinerisk currently supports more than 25 insurance customers worldwide, about 2.4 million customers and 800,000 SME cover.
Recent clients win include Bezley’s Turkey Reflammation Team, Arthur J Galgar, Riyoic and SCOR, who joined existing insurance companies including Chub, SPB UK and Ireland, ambitious insurance advisers, Riz Canada and Boxx Inc.
[publish_date
