Stoïk is a cyber insurtech company that combines insurance coverage with a cybersecurity prevention platform to help businesses manage their exposure to cyber risks. By offering automated underwriting and 24/7 expert support, Stoïk enables companies to mitigate daily threats while ensuring financial protection against incidents like ransomware and social engineering fraud.
Funding
$27.2M raised to dateRaised 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.
Founders
Product
Problem
Many small and medium-sized businesses (SMBs) lack the resources and expertise to effectively manage their cybersecurity risks, leaving them vulnerable to costly cyberattacks like ransomware and social engineering fraud. Traditional cyber insurance focuses solely on financial compensation after an incident, neglecting proactive measures to prevent attacks from occurring in the first place.
Solution
Stoïk offers a combined cyber insurance and cybersecurity platform designed to help SMBs actively manage and mitigate their cyber risk exposure. The platform provides comprehensive insurance coverage to transfer risk and receive compensation in the event of a claim, coupled with continuous protection through the Stoïk Protect prevention platform and 24/7 support from cybersecurity experts. This integrated approach enables companies to both reduce their day-to-day risk and ensure financial protection against cyber incidents. Stoïk's solution is tailored for insurance brokers, providing them with the tools to support their clients in the face of evolving cyber threats through simplified underwriting, ongoing prevention, and optimized claims management.
Target Audience
Stoïk targets small and medium-sized businesses (SMBs) seeking comprehensive cyber risk management solutions, as well as insurance brokers looking to offer their clients robust cyber insurance and prevention services.
Features
- 100% online underwriting experience accessible through the Broker Platform for fast and automated policy issuance.
- Stoïk Protect platform offering active prevention measures to reduce daily cyber risks.
- 24/7 access to a dedicated team of cybersecurity experts assisting policyholders affected by cyberattacks.
- Comprehensive cyber insurance coverage with clear and transparent terms.
- Support for SMBs with turnover up to 750 million euros and coverage limits up to 10 million euros.