Envelop Risk
Envelop Risk is a reinsurance underwriting firm specializing in cyber and emerging risks, combining AI, data-driven underwriting, and human expertise. They provide underwriting, structuring, and expertise to model, forecast, and manage complex risks globally. Their business model includes treaty reinsurance underwriting, platform and white-label solutions for insurers, and structuring Insurance Linked Securities (ILS) products. Envelop Risk offers multiple business areas including reinsurance underwriting, cyber partnership platforms, capital markets access, and risk solutions. Their proprietary AI system, CyberTooth, forecasts losses dynamically, supported by a team of data scientists, underwriters, and cyber threat intelligence experts. The company has written over $1 billion in gross written premium since 2018 and works with many of the world's largest insurance firms, positioning itself as a leader in cyber risk transfer and capital management.
Envelop Risk
Envelop Risk is a reinsurance underwriting firm specializing in cyber and emerging risks, combining AI, data-driven underwriting, and human expertise. They provide underwriting, structuring, and expertise to model, forecast, and manage complex risks globally. Their business model includes treaty reinsurance underwriting, platform and white-label solutions for insurers, and structuring Insurance Linked Securities (ILS) products. Envelop Risk offers multiple business areas including reinsurance underwriting, cyber partnership platforms, capital markets access, and risk solutions. Their proprietary AI system, CyberTooth, forecasts losses dynamically, supported by a team of data scientists, underwriters, and cyber threat intelligence experts. The company has written over $1 billion in gross written premium since 2018 and works with many of the world's largest insurance firms, positioning itself as a leader in cyber risk transfer and capital management.
TL;DR
Focus: Reinsurance underwriting for cyber and emerging risks
Proprietary tech: AI-driven underwriting platform (CyberTooth referenced)
Scale: Reported > $1B gross written premium since 2018
Recent major round: $130M Series B led by SoftBank Vision Fund 2 (announced 2021)
Company Overview
Problem Domain
Modeling, forecasting and transferring complex cyber and emerging insurance risks.
Founded
2016
Industry
Reinsurance / Insurance Technology
Tech Stack
Funding Track Record
$130,000,000
Announced $130M Series B with planned close October 2021
c. $6,000,000
Series A led by AI-specialist investor Alpha Intelligence Capital with additional support from MS Amlin and Dymon Asia Ventures
Investor Signal
“Participation from large strategic and growth investors including SoftBank Vision Fund 2 and AI-focused and insurance investors (Alpha Intelligence Capital, MS Amlin, Dymon Asia Ventures) signals institutional backing and strategic interest in AI-driven insurance solutions.”