Boxx Insurance

Boxx’s business model is built on a proactive, prevention-first approach, diverging from the traditional reactive insurance model. It generates revenue by collecting premiums for its insurance products, from which it retains a fixed percentage to cover operational costs and development. The company distributes its policies primarily through a network of insurance brokers and partners, utilizing a dedicated broker portal to simplify the process of generating quotes and binding policies. The firm also forges corporate partnerships to create white-labeled or embedded cyber protection solutions, enabling other companies to offer these services to their customer base.

The company's flagship offering is the Cyberboxx™ platform, an all-in-one solution that integrates cyber insurance with cybersecurity tools and services. For businesses, this includes features like attack surface management, identity monitoring, threat intelligence, security policy templates, and access to a virtual Chief Information Security Officer (vCISO). For individuals and families, the Cyberboxx Home product provides coverage for identity theft, online fraud, cyberbullying, and ransomware, along with tools like credit monitoring and online safety training for children. A key component of its service is the 24/7 'Hackbusters' incident response team, which provides expert support to contain breaches and recover from attacks.

Since its inception, Boxx has achieved significant milestones, including being selected for Lloyd's of London's Lab and securing its status as a Lloyd's coverholder, which allows it to underwrite and issue policies globally. The company has raised a total of $24.5 million over two funding rounds, a Series A in 2021 and a Series B in 2023, with Zurich Insurance leading both rounds. In November 2022, Boxx acquired Templarbit, a cyber threat intelligence platform, to integrate its software into its product suite. The company has expanded its operations across North America, Europe, and India, protecting over 250,000 individuals and 10,000 businesses.