Thesis: Cyber Insurance

CRV
Team CRV
Published in
1 min readSep 2, 2016

The world is under attack from cybercriminals. A terrorist, an anarchist, a nation state, a thief and a disgruntled insider all have different motivations to infiltrate your business and expose the secrets, with vastly different financial consequences. Moreover, each company’s risk protection is also highly variable — owning the latest security products may be a false sense of comfort.

Measuring risk is what the trillion dollar global insurance market has become surgically good at, allowing them to effectively underwrite and re-insure complex policies against that risk posture. However, that level of precision is still a massive void when it comes to the world of cyber insurance. The world’s largest cyber insurers today have more questions than answers on how to make this process more efficient. We see opportunity to quantify the end-to-end risk and unify the user experience for cyber insurance products.

Please contact Max Gazor if you are interested.

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CRV
Team CRV

CRV is a VC firm that invests in early-stage Seed and Series A startups. We’ve invested in over 600 startups including Airtable, DoorDash and Vercel.