Thomas Kang
CEO
Convergeins
Convergeins offers a cyber insurance platform that combines deep underwriting expertise with AI‑driven analytics and a proprietary data ecosystem to deliver precise risk selection and pricing. Its solution provides brokers and wholesale MGA partners with an intuitive quoting interface and the ConvergeElements™ policy, delivering comprehensive coverage for a wide range of cyber exposures to mid‑market U.S. companies.
- Artificial Intelligence
- Data & Analytics
- Insurance Technology
Updated 5 months ago
Funding
Raised to date
$5MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Funding rounds are not available yet.
Founders
Product
Problem
Businesses face increasingly sophisticated cyber threats that can cause costly data breaches, operational disruption, and reputational damage, yet many lack access to tailored insurance coverage that accurately reflects their specific risk profile.
Solution
Converge provides cyber insurance backed by deep underwriting expertise combined with AI-driven analytics and a proprietary data ecosystem. Their platform evaluates an organization’s current and projected cyber risk using advanced technology, enabling more precise risk selection and pricing. The resulting ConvergeElements™ policy offers comprehensive protection across a wide range of cyber exposures. Underwriters and brokers access an intuitive quoting interface that streamlines policy issuance while maintaining rigorous risk assessment standards. By partnering with capacity providers such as QBE and Obsidian, Converge can deliver scalable coverage to mid‑market companies across the United States.
Target Audience
Primary customers are insurance brokers and wholesale MGA partners serving mid‑market enterprises in the United States that require customized cyber risk coverage.
Features
- AI‑enhanced underwriting tools that analyze proprietary cyber risk data to inform policy terms and pricing
- Adversary‑focused risk modeling that assesses both current vulnerabilities and future threat evolution
- Comprehensive ConvergeElements™ policy covering a full spectrum of cyber incidents, including data breach, ransomware, business interruption, and liability
- User‑friendly quoting platform that automates data collection, risk scoring, and policy generation for brokers
- Integration with major capacity providers to offer flexible limits up to $5 billion in revenue for eligible clients
- SOC 2 Type I compliance ensuring secure handling of sensitive underwriting and policy data