BOXX Insurance - Revision history

Wikilah admin at 15:47, 8 March 2026

2026-03-08T15:47:49Z

← Older revision		Revision as of 23:47, 8 March 2026
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	== See also ==		== See also ==
	* [[Cyber insurtech MGAs and underwriting agencies]]		* [[Cyber insurtech MGAs and underwriting agencies]]

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	== References ==		== References ==

PlumBot: Bot: Added 'See also' section for Cyber insurtech MGAs.

2026-03-08T15:46:37Z

Bot: Added 'See also' section for Cyber insurtech MGAs.

← Older revision		Revision as of 23:46, 8 March 2026
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	\|}		\|}

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			== See also ==
			* [[Cyber insurtech MGAs and underwriting agencies]]
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	== References ==		== References ==

Wikilah admin at 14:19, 8 March 2026

2026-03-08T14:19:38Z

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	\| distribution = Insurance brokers<br/>Partner/affinity channels (banking, insurance, retail/e-commerce, mobile operator/telco)<br/>App-based policy management		\| distribution = Insurance brokers<br/>Partner/affinity channels (banking, insurance, retail/e-commerce, mobile operator/telco)<br/>App-based policy management
	\| geographic_markets = Canada<br/>United States<br/>Spain<br/>Switzerland<br/>Dubai<br/>India		\| geographic_markets = Canada<br/>United States<br/>Spain<br/>Switzerland<br/>Dubai<br/>India
	\| num_customers = close to one million (~~{{As~~ ~~of\|~~2025~~\|07}}~~)		\| num_customers = close to one million (July 2025)
	\| competitors = At-Bay<br/>Coalition<br/>Corvus Insurance<br/>Cowbell<br/>Resilience<br/>Stoïk<br/>Eye Security		\| competitors = At-Bay<br/>Coalition<br/>Corvus Insurance<br/>Cowbell<br/>Resilience<br/>Stoïk<br/>Eye Security
	\| market_share_rank =		\| market_share_rank =
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	! scope="col" style="text-align:center" \| Event		! scope="col" style="text-align:center" \| Event
	\|-		\|-
	\| 2018 \|\| Company launched.<ref name="boxx-seriesa"/>		\| {{Start date\|2018}} \|\| Company launched.<ref name="boxx-seriesa"/>
	\|-		\|-
	\| 2020 \|\| Founders discuss building a cyber-focused insurtech with a broker-centric digital platform experience.<ref name="keymedia"/>		\| {{Start date\|2020}} \|\| Founders discuss building a cyber-focused insurtech with a broker-centric digital platform experience.<ref name="keymedia"/>
	\|-		\|-
	\| 2021-09-22 \|\| Series A of US$10M announced; investors include Zurich, Cyber Mentor Fund, and SixThirty Ventures.<ref name="boxx-seriesa"/>		\| {{Start date\|2021\|09\|22}} \|\| Series A of US$10M announced; investors include Zurich, Cyber Mentor Fund, and SixThirty Ventures.<ref name="boxx-seriesa"/>
	\|-		\|-
	\| 2021-10-01 \|\| U.S. expansion announced; Hilario Itriago appointed President of BOXX USA.<ref name="boxx-usa"/>		\| {{Start date\|2021\|10\|01}} \|\| U.S. expansion announced; Hilario Itriago appointed President of BOXX USA.<ref name="boxx-usa"/>
	\|-		\|-
	\| 2022-11-08 \|\| Acquisition of Templarbit announced; founder joins BOXX Labs.<ref name="boxx-templarbit"/>		\| {{Start date\|2022\|11\|08}} \|\| Acquisition of Templarbit announced; founder joins BOXX Labs.<ref name="boxx-templarbit"/>
	\|-		\|-
	\| 2023-01-31 \|\| Series B of US$14.4M led by Zurich; company reports 250,000+ individuals and 10,000+ businesses protected; headcount reaches 36.<ref name="boxx-seriesb"/>		\| {{Start date\|2023\|01\|31}} \|\| Series B of US$14.4M led by Zurich; company reports 250,000+ individuals and 10,000+ businesses protected; headcount reaches 36.<ref name="boxx-seriesb"/>
	\|-		\|-
	\| 2024-01-30 \|\| Partnership with AXA to launch cyber risk prevention solution for small businesses, initially in Spain.<ref name="boxx-axa"/>		\| {{Start date\|2024\|01\|30}} \|\| Partnership with AXA to launch cyber risk prevention solution for small businesses, initially in Spain.<ref name="boxx-axa"/>
	\|-		\|-
	\| 2024-04-17 \|\| Cyberboxx Business 5.0 product release announced.<ref name="boxx-cb5-launch">{{cite web \|title=BOXX Insurance launches enhanced and updated Cyberboxx Business \|url=https://boxxinsurance.com/ca/en/newsroom/boxx-insurance-launches-enhanced-and-updated-cyberboxx-business/ \|publisher=BOXX Insurance \|date=17 April 2024 \|access-date=8 March 2026}}</ref>		\| {{Start date\|2024\|04\|17}} \|\| Cyberboxx Business 5.0 product release announced.<ref name="boxx-cb5-launch">{{cite web \|title=BOXX Insurance launches enhanced and updated Cyberboxx Business \|url=https://boxxinsurance.com/ca/en/newsroom/boxx-insurance-launches-enhanced-and-updated-cyberboxx-business/ \|publisher=BOXX Insurance \|date=17 April 2024 \|access-date=8 March 2026}}</ref>
	\|-		\|-
	\| 2024-05 \|\| Personal cyber product partnership with Zurich announced in Switzerland.<ref name="boxx-zurich-ch"/>		\| {{Start date\|2024\|05}} \|\| Personal cyber product partnership with Zurich announced in Switzerland.<ref name="boxx-zurich-ch"/>
	\|-		\|-
	\| 2025-07-03 \|\| Zurich completes acquisition of BOXX; BOXX states it will operate as a standalone entity post-transaction.<ref name="zurich2025"/><ref name="boxx-acquired"/>		\| {{Start date\|2025\|07\|03}} \|\| Zurich completes acquisition of BOXX; BOXX states it will operate as a standalone entity post-transaction.<ref name="zurich2025"/><ref name="boxx-acquired"/>
	\|}		\|}

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	== Glossary ==

	📖 '''Managing general agent (MGA).''' An intermediary with delegated authority from an insurer to perform underwriting functions, often including pricing, binding, and policy administration, and in some cases claims management.<ref name="boxx-company"/>

	📗 '''Coverholder.''' A Lloyd's delegated authority arrangement in which a firm is authorised by a Lloyd's managing agent to enter into insurance contracts on behalf of Lloyd's syndicates under a binding authority agreement.<ref name="lloyds">{{cite web \|title=Lloyd's — Delegated Authorities: Coverholders \|url=https://www.lloyds.com/market-resources/delegated-authorities/coverholders \|publisher=Lloyd's of London \|access-date=8 March 2026}}</ref>

	📘 '''Binding authority.''' The contract enabling a coverholder to bind risks on behalf of the capacity provider, subject to agreed underwriting guidelines and controls.<ref name="lloyds"/>

	📙 '''Claims-made and reported.''' A coverage trigger requiring that a claim be first made and typically reported during the policy period or any applicable extended reporting period.<ref name="boxx-cyber-policy"/>

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Wikilah admin at 14:02, 8 March 2026

2026-03-08T14:02:29Z

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	\| name = BOXX Insurance		\| name = BOXX Insurance
	\| legal_name = BOXX Insurance Inc.		\| legal_name = BOXX Insurance Inc.
	\| logo =		\| logo = Logo of BOXX Insurance.svg
	\| logo_size =		\| logo_size =
	\| logo_alt =		\| logo_alt =

Wikilah admin at 13:57, 8 March 2026

2026-03-08T13:57:55Z

← Older revision		Revision as of 21:57, 8 March 2026
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			{{Infobox company
			\| name = BOXX Insurance
			\| legal_name = BOXX Insurance Inc.
			\| logo =
			\| logo_size =
			\| logo_alt =
			\| logo_caption =
			\| type = Private — insurtech MGA, Lloyd's coverholder
			\| exchange =
			\| ticker =
			\| isin =
			\| lei =
			\| license_type = Managing general agent (MGA)<br/>Lloyd's coverholder<br/>U.S. insurance producer
			\| npn = 20139876
			\| coverholder_ref =
			\| incorporation =
			\| founded = {{Start date and age\|2018}}
			\| headquarter = Toronto
			\| domicile =
			\| insurance_jurisdictions = Canada<br/>United States<br/>Europe (selective)
			\| regulator =
			\| ultimate_parent = Zurich Insurance Group
			\| shareholders = Zurich Insurance Group
			\| key_people = Vishal Kundi (CEO, Co-founder)<br/>Mike Senechal (Co-founder)<br/>Neil Morrison (Board Chair)<br/>Jonathan Weekes (President, Canada)<br/>Philip Baker (Chief Underwriting Officer)<br/>Steve Penney (CTO)<br/>Neal Jardine (Chief Cyber Intelligence and Claims Officer)<br/>Jack Brooks (Head of Hackbusters and Virtual CISO)
			\| num_employees = 36
			\| customer_segments = SME commercial cyber<br/>Consumer/personal cyber<br/>Affinity partners
			\| lines_of_business = Cyber insurance<br/>Tech E&O<br/>Media liability<br/>Financial crime
			\| segments = Business<br/>Household<br/>Partner/affinity
			\| products = Cyberboxx Business 5.0<br/>Cyberboxx Home<br/>Tech E&O by BOXX<br/>Cyberboxx Assist
			\| technology_platform = Templarbit (cyber threat intelligence, acquired {{Start date\|2022\|11\|08}})
			\| capacity_providers = Certain Lloyd's Underwriters<br/>Boiler Inspection and Insurance Company of Canada (Munich Re)<br/>Hartford Steam Boiler
			\| distribution = Insurance brokers<br/>Partner/affinity channels (banking, insurance, retail/e-commerce, mobile operator/telco)<br/>App-based policy management
			\| geographic_markets = Canada<br/>United States<br/>Spain<br/>Switzerland<br/>Dubai<br/>India
			\| num_customers = close to one million ({{As of\|2025\|07}})
			\| competitors = At-Bay<br/>Coalition<br/>Corvus Insurance<br/>Cowbell<br/>Resilience<br/>Stoïk<br/>Eye Security
			\| market_share_rank =
			\| financial_year =
			\| market_cap =
			\| revenue =
			\| insurance_revenue =
			\| operating_income =
			\| ebitda =
			\| net_income =
			\| gwp =
			\| nwp =
			\| loss_ratio =
			\| combined_ratio =
			\| commission_rate =
			\| total_assets =
			\| invested_assets =
			\| technical_reserves =
			\| csm =
			\| net_debt =
			\| equity =
			\| operating_margin =
			\| solvency_ratio =
			\| roe =
			\| total_funding = US$24.5 million
			\| last_round = Series B, US$14.4M, {{Start date\|2023\|01\|31}}
			\| last_valuation =
			\| lead_investors = Zurich Insurance Group<br/>Zurich Insurance Company Ltd
			\| capital_structure =
			\| ifsr =
			\| capacity_partner_ratings = A- or better
			\| ratings =
			\| footnotes =
			}}

	{{Summary:BOXX Insurance\|5\|Bullet=yes}}		{{Summary:BOXX Insurance\|5\|Bullet=yes}}

Wikilah admin at 11:37, 8 March 2026

2026-03-08T11:37:03Z

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	{{Summary:BOXX Insurance\|5\|Bullet=yes}}		{{Summary:BOXX Insurance\|5\|Bullet=yes}}

			{{More details}}

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Wikilah admin at 11:32, 8 March 2026

2026-03-08T11:32:50Z

← Older revision		Revision as of 19:32, 8 March 2026
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			{{Summary:BOXX Insurance\|5\|Bullet=yes}}

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	== Corporate and regulatory profile ==		== Corporate and regulatory profile ==

Wikilah admin at 11:06, 8 March 2026

2026-03-08T11:06:39Z

← Older revision		Revision as of 19:06, 8 March 2026
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	{\| class="wikitable sortable" style="width:100%; font-size:0.85em"		{\| class="wikitable sortable" style="width:100%; font-size:0.85em"
		⚫	\|+ 💵 BOXX Insurance — venture funding rounds (USD millions)<ref name="boxx-seriesa"/><ref name="boxx-seriesb"/><ref name="zurich2021">{{cite web \|title=Zurich Insurance Group announces global collaboration with BOXX Insurance \|url=https://www.zurich.com/media/news-releases/2021/2021-0922-01 \|publisher=Zurich Insurance Group \|date=22 September 2021 \|access-date=8 March 2026}}</ref>
	\|+ 💵 BOXX Insurance — venture funding rounds (USD millions)
	! scope="col" style="text-align:center" \| Round		! scope="col" style="text-align:center" \| Round
	! scope="col" style="text-align:center" \| Date		! scope="col" style="text-align:center" \| Date
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	\| Series B \|\| 2023-01-31 \|\| style="text-align:right" \| US$14.4M \|\| Zurich Insurance Company Ltd \|\| — \|\| style="text-align:right" \| US$24.5M		\| Series B \|\| 2023-01-31 \|\| style="text-align:right" \| US$14.4M \|\| Zurich Insurance Company Ltd \|\| — \|\| style="text-align:right" \| US$24.5M
	\|}		\|}
⚫	<ref name="boxx-seriesa"/><ref name="boxx-seriesb"/><ref name="zurich2021">{{cite web \|title=Zurich Insurance Group announces global collaboration with BOXX Insurance \|url=https://www.zurich.com/media/news-releases/2021/2021-0922-01 \|publisher=Zurich Insurance Group \|date=22 September 2021 \|access-date=8 March 2026}}</ref>

	🤝 '''Zurich collaboration arc.''' Zurich initially described its relationship with BOXX as a global collaboration emphasising integrated cybersecurity and insurance solutions for SMEs and consumers, announced in September 2021.<ref name="zurich2021"/> Zurich subsequently led the Series B in January 2023, and the relationship culminated in the full acquisition completed in July 2025.<ref name="zurich2025"/> Following the acquisition, BOXX's capital strategy is expected to be driven by Zurich group priorities rather than standalone venture financing.<ref name="zurich2025"/>		🤝 '''Zurich collaboration arc.''' Zurich initially described its relationship with BOXX as a global collaboration emphasising integrated cybersecurity and insurance solutions for SMEs and consumers, announced in September 2021.<ref name="zurich2021"/> Zurich subsequently led the Series B in January 2023, and the relationship culminated in the full acquisition completed in July 2025.<ref name="zurich2025"/> Following the acquisition, BOXX's capital strategy is expected to be driven by Zurich group priorities rather than standalone venture financing.<ref name="zurich2025"/>
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	{\| class="wikitable sortable" style="width:100%; font-size:0.85em"		{\| class="wikitable sortable" style="width:100%; font-size:0.85em"
	\|+ 🏡 BOXX Insurance — Cyberboxx Home illustrative policy limits (CAD)		\|+ 🏡 BOXX Insurance — Cyberboxx Home illustrative policy limits (CAD)<ref name="boxx-home-overview"/>
	! scope="col" style="text-align:center" \| Coverage module		! scope="col" style="text-align:center" \| Coverage module
	! scope="col" style="text-align:right; width:7em" \| Limit		! scope="col" style="text-align:right; width:7em" \| Limit
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	\| Home title recovery expenses \|\| style="text-align:right" \| $25,000		\| Home title recovery expenses \|\| style="text-align:right" \| $25,000
	\|}		\|}
	<ref name="boxx-home-overview"/>

	💼 '''Tech E&O by BOXX.''' The Tech E&O wording encompasses E&O, media, and cyber insurance, with third-party insuring agreements extending beyond pure cyber to include professional E&O, technology E&O, technology products liability, and technology discrimination liability.<ref name="boxx-eo-wording"/> The policy also contains first-party cyber modules (incident response, extortion, data recovery, business interruption variants) and financial crime modules including invoice manipulation and social engineering of key personnel.<ref name="boxx-eo-wording"/> A war and cyber operation endorsement in the Tech E&O specimen includes an attribution framework with an explicit carve-back for certain impacts on systems not physically located in an impacted state, signed on behalf of Certain Lloyd's Underwriters referencing a Unique Market Reference Number.<ref name="boxx-eo-wording"/>		💼 '''Tech E&O by BOXX.''' The Tech E&O wording encompasses E&O, media, and cyber insurance, with third-party insuring agreements extending beyond pure cyber to include professional E&O, technology E&O, technology products liability, and technology discrimination liability.<ref name="boxx-eo-wording"/> The policy also contains first-party cyber modules (incident response, extortion, data recovery, business interruption variants) and financial crime modules including invoice manipulation and social engineering of key personnel.<ref name="boxx-eo-wording"/> A war and cyber operation endorsement in the Tech E&O specimen includes an attribution framework with an explicit carve-back for certain impacts on systems not physically located in an impacted state, signed on behalf of Certain Lloyd's Underwriters referencing a Unique Market Reference Number.<ref name="boxx-eo-wording"/>

Wikilah admin at 10:56, 8 March 2026

2026-03-08T10:56:54Z

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Wikilah admin: Created page with "{{Section separator}} == Corporate and regulatory profile == === Identity, domicile, and operating status === 🏢 '''Corporate identity.''' BOXX Insurance Inc. is a Toronto-headquartered cyber insurtech founded in 2018.{{cite web |title=Zurich Insurance Group completes acquisition of BOXX Insurance |url=https://www.zurich.com/media/news-releases/2025/2025-0703-01 |publisher=Zurich Insurance Group |date=3 July 2025 |access-date=8 March 2026}}
2026-03-08T09:43:38Z

Created page with "{{Section separator}} == Corporate and regulatory profile == === Identity, domicile, and operating status === 🏢 '''Corporate identity.''' BOXX Insurance Inc. is a Toronto-headquartered cyber insurtech founded in 2018.<ref name="zurich2025">{{cite web |title=Zurich Insurance Group completes acquisition of BOXX Insurance |url=https://www.zurich.com/media/news-releases/2025/2025-0703-01 |publisher=Zurich Insurance Group |date=3 July 2025 |access-date=8 March 2026}}</re..."
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