Resilience Cyber Insurance

Resilience Cyber Insurance

Cyber risk management and insurance solutions

About Resilience Cyber Insurance

Simplify's Rating
Why Resilience Cyber Insurance is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Cybersecurity

Financial Services

Company Size

201-500

Company Stage

Series D

Total Funding

$217M

Headquarters

St. Louis, Missouri

Founded

2016

Overview

Resilience Cyber provides a cyber risk management solution that combines cyber insurance with real-time data and analytics. Their platform helps businesses and insurers assess and manage cyber risks more effectively. The service includes features like loss prevention strategies, cyber risk quantification, and simulations of breaches and attacks. Unlike many competitors, Resilience Cyber focuses on integrating proactive risk management with insurance, allowing clients to enhance their cybersecurity measures while also preparing for potential incidents. The goal of Resilience Cyber is to help organizations achieve a state of cyber resilience, ensuring they are better equipped to handle cyber threats.

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Simplify's Take

What believers are saying

  • Increased demand for cyber insurance due to rising cyber threats.
  • Acquisition of BreachQuest enhances incident preparedness capabilities.
  • Expansion into UK and Europe with Tech E&O coverage taps new market segments.

What critics are saying

  • Emerging hacker groups like Scattered Spider target the insurance sector.
  • Financial instability of partners like IronNet could impact Resilience.
  • Complexity of Tech E&O underwriting in new markets may pose challenges.

What makes Resilience Cyber Insurance unique

  • Resilience integrates cybersecurity, insurance, and risk management into a single solution.
  • Founded by experts from US military and intelligence communities, enhancing credibility.
  • Offers SaaS platform with real-time data analytics for effective cyber risk management.

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Funding

Total Funding

$217M

Above

Industry Average

Funded Over

3 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$100M
Resilience Cyber Insurance

Benefits

Family Paid Leave

Paid Healthcare for Employees

401(k) Retirement Plan

401(k) Company Match

Professional Development Budget

Unlimited Paid Time Off

Employee Referral Bonus

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
PR Newswire
Apr 10th, 2025
Resilience Launches Tech Eo For Uk Eu Enterprises

Tech E&O available for clients with £50m/€25m+ in revenue as 72% of SMEs cite business interruption as leading concernCyber risk solutions now available to £/€10bn+ revenue businesses with large enterprises facing increasingly complex risksLONDON, April 10, 2025 /PRNewswire/ -- Resilience, the leading provider of cyber risk solutions, announces the introduction of its coverage for Technology Errors and Omissions (Tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances.Resilience now offers Tech E&O coverage for clients with more than £50 million or €25 million in annual revenue in the UK and Europe, respectively. Under this, Resilience provides protection for hardware, software, telecommunications providers, and web services, with limits up to £10 million or €10 million available for the UK and Europe, respectively, for both primary and excess placements.A Resilience survey of IT and security leaders in UK companies with greater than £100m in annual revenue in Q4 2024, in partnership with YouGov, found that business interruption was the primary concern for 72% of enterprises. Further, it was cited as the leading cause of claims for UK businesses, with 38% filing such claims. Tech E&O aims to address this, protecting technology companies from liability.Tech E&O supports clients in mitigating and covering liability arising from technology products and services and is a cornerstone of building cyber resilience. Resilience's solutions, which provide clients with financially-proven risk models, data-driven cyber action plans, and support from highly experienced underwriting and claims teams, make them uniquely equipped to manage complex Tech E&O risks.Resilience is also expanding capacity to clients with more than £10 billion or €10 billion in annual revenue, providing broker partners with more options in servicing clients' complex cyber risks, the company said this week.Large enterprises are more attuned to cyber risks. According to Resilience's 2024 UK survey, twice as many large firms compared to their smaller counterparts view vendor due diligence as effective, and large businesses are more likely to consider vendor outages a key concern

Coverage
Feb 20th, 2025
Resilience Extends Rsa Binding Authority To Write Via London

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PR Newswire
Feb 20th, 2025
Resilience Introduces London Wholesale Market Facility To Us Clients

US Businesses up to $10B in Revenue can now tap Capacity from Leading UK Insurer RSALONDON, Feb. 20, 2025 /PRNewswire/ -- Resilience , the leading cyber risk solutions company, has expanded its partnership with RSA to underwrite US-based risks on a surplus lines basis out of London. The initiative will complement Resilience's domestic operations and provide a solution for US clients who require or prefer to access cyber insurance capacity in London.Under Resilience's arrangement, US-based clients can benefit from:Wholesale appetite: Resilience has expanded the territorial limits of its binding authority with RSA to underwrite US-based risks for companies between $75M and $10B in revenue via the London market.Resilience has expanded the territorial limits of its binding authority with RSA to underwrite US-based risks for companies between and in revenue via the market. Local expertise with global reach: Resilience can support US-based firms with risk exposure in the UK and EU with local support for both Resilience Essential and Edge Solution.Resilience can support US-based firms with risk exposure in the UK and EU with local support for both Resilience Essential and Edge Solution. Complement US operations: UK wholesale offering will complement Resilience's US underwriting efforts by providing insurance for clients who require or seek capacity out of London ."We are pleased to expand our offering to service US-based companies who want to purchase cyber insurance via the London market. Along with Resilience's industry-leading integrated cybersecurity and cyber risk solutions, this new wholesale capacity will help our clients and broker partners build insurance towers efficiently, while also increasing the ability to deliver much-needed loss prevention solutions to clients," said George Kotsiopoulos, president of insurance for Resilience

PR Newswire
Jan 21st, 2025
Resilience Announces Organizational Promotions As Company Accelerates Growth

George Kotsiopoulos named President, InsuranceGavin Reed named Head of Underwriting for North AmericaSarah Thompson named Global Head of Sales StrategyJack Jenner named Managing Director, International InsuranceNEW YORK and LONDON, Jan. 21, 2025 /PRNewswire/ -- Resilience, the leading cyber risk company, today announced several promotions as its global growth continues to accelerate. Building on its industry-leading loss ratio, the expansion of its cyber risk management software, and its expanded appetite for its insurance offerings over the past year, these key leaders will help position the company's evolution in 2025 and beyond.Resilience has consolidated its core insurance operations under George Kotsiopoulos, who was named President, Insurance. George is a seasoned insurance executive who will lead Resilience's global underwriting strategy, capacity partnerships, and actuarial functions, in addition to his existing role leading global distribution and strategy.Gavin Reed has been named Head of Underwriting for North America. Gavin brings over 20 years of experience as a broker and underwriter in London and the US. In his three years at Resilience, he helped build the company's underwriting presence on the West Coast before co-leading the US Underwriting team.has been named Head of Underwriting for

PYMNTS
May 8th, 2024
Mgm Hackers Reportedly Targeting Banks And Insurers

Last year, a group called Scattered Spider pulled off a massive hack targeting casinos. Now, this mysterious collective has apparently turned its attention to the banking and insurance sectors, cybersecurity researchers told Bloomberg News Wednesday (May 8). Since late last month, Scattered Spider has targeted 29 companies and successfully compromised the systems of at least two insurers, according to Resilience Cyber Insurance Solutions, a cybersecurity risk company that has monitored the group’s movements

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Resilience Cyber Insurance is Hiring for 12 Jobs on Simplify!

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