Insurance Business names BOXX to the prestigious Global 5-Star Technology and Software Providers of 2024 list

BOXX Insurance prides itself on being a unique and innovative global cyber protection and insurance provider that strives to make the world digitally safer for businesses, individuals, and families.

Headquartered in Canada with offices in Toronto, Miami, Zurich, Dubai, and Mumbai, the privately held company has earned recognition for helping clients and partners predict and prevent cyber threats. IB named BOXX to the prestigious Global 5-Star Technology and Software Providers of 2024 list.

Unlike traditional insurers, BOXX distinguishes itself in the industry through its predict, prevent, and insure approach, enabling companies and consumers to stay ahead of cyber threats. By leveraging its cutting-edge technology solutions and Cyberboxx product range, the company stands at the forefront of:

• Making its cyber insurance and security solutions easy and accessible for brokers, consumers, and partners across multiple distribution channels.
• Offering personalized customer service with real underwriters and claims teams
• Providing around-the-clock support from its Hackbusters™ team, composed of cyber security experts who help contain cyber incidents and respond to breaches “Every day, we’re improving the digital health of clients worldwide who rely on BOXX’s solutions and services to predict, prevent, and insure them against cyber threats,” says Vishal Kundi.

BOXX’s cultural pillars of embracing what makes it different, possessing grit, and promoting a respectful environment underscore its mission of making the world a digitally safer place. An experienced executive team with deep roots in the insurance industry globally, have enabled BOXX to get access to key distribution channels and lock in capacity from leading global insurers such as Zurich and Lloyd’s.

By focusing on the under-protected and under-insured, BOXX recognized that small- and medium-sized enterprises and consumers spend significant time online without adequate digital safety tools and awareness. This strategic focus, coupled with accessible tools have guided its high growth and success.

BOXX leverages technology for insights regarding cyber security, emphasizing a personalized approach to client management. “We are constantly listening to our clients to ensure we are addressing their concerns,” says Vishal Kundi. “We are nimble and agile, and we can respond to customer needs and implement them quickly.” One example is the company’s investment in developing BOXX Attack Surface Management which leverages its proprietary data to identify, predict, and prevent digital threats. Additionally, BOXX have developed an assistance-led solution to complement its Cyberboxx Business™ and Cyberboxx Home™ products. Cyberboxx Assist™ is an innovative approach to protecting small businesses that can’t access cyber insurance. The product protects SMEs against the rising threats of cyberattacks by providing a combination of cyber protection, prevention, and recovery solutions.

Since 2021, BOXX has grown from 11 to 50 employees globally. Its client base and revenues have also grown substantially, with expansion to three continents, including North America, Europe, and India. It has also undertaken Series A and Series B fundraisers valued at USD 24.8 million to support client and employee growth.

BOXX is committed to continuing to enhance and evolve its insurance products and cyber solutions for under-protected segments, with various innovations including:

• A personalized experience that provides consumers and businesses with access to real-time cybersecurity tools and support to keep them ahead of digital threats; in addition to their cyber insurance coverages.
• A repeatable and scalable underwriting and quoting platform that can be deployed cost-effectively for partner versioning.
• Enhanced cyber protection solutions for businesses and consumers including services and support served through mobile and web-based app solutions. Existing partnerships for these tools already exist with global players like Zurich, AXA and Housing.com.

This article was originally published by Insurance Business Magazine on July 4th, 2024.