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2026-03-09T05:29:25Z

Created page with "{{Infobox company | name = Eye Security | legal_name = Eye Security B.V. | logo = Logo of Eye Security.svg | logo_size = | logo_alt = Eye Security logo | logo_caption = | type = Private — integrated cyber risk platform | exchange = | ticker = | isin = | lei = | license_type..."

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{{Infobox company
| name = Eye Security
| legal_name = Eye Security B.V.
| logo = Logo of Eye Security.svg
| logo_size =
| logo_alt = Eye Security logo
| logo_caption =
| type = Private — integrated cyber risk platform
| exchange =
| ticker =
| isin =
| lei =
| license_type = Authorized agent (sub-authorized agent for business non-life insurance)
| npn =
| coverholder_ref =
| incorporation =
| founded = {{Start date and age|2020}}
| headquarter = The Hague, Netherlands
| domicile = Netherlands
| insurance_jurisdictions = Netherlands Belgium Germany France Luxembourg Austria Ireland
| regulator = Netherlands Authority for the Financial Markets (AFM)
| ultimate_parent =
| shareholders = TIN Capital Bessemer Venture Partners J.P. Morgan Growth Equity Partners
| key_people = Job Kuijpers, CEO & Co-founder Piet Kerkhofs, CTO & Co-founder Vincent van de Ven, COO & Co-founder Ze'ev Rozov, Chief Business Officer Charlotte Meara, CFO Kenneth Otto, CUO (Eye Underwriting) Ronan Gerety, Chief Insurance Officer Maarten de Jonge, Head of Cyber Insurance Development Arjan Halma, Managing Director (Eye Underwriting) Christopher Lohmann, Non-Executive Board Member
| num_employees = 100+ professionals (March 2024)
| customer_segments = Mid-market enterprises with annual revenue up to EUR 250 million
| lines_of_business = Cyber insurance (business non-life)
| segments = Cybersecurity services Cyber insurance underwriting
| products = Managed XDR Eye Portal Eye Anti-Spoofing Tool (EAST) Cyber insurance
| technology_platform = Best-of-breed integrations (Microsoft, CrowdStrike, Google)
| capacity_providers = Hiscox S.A. (from May 2022) Chubb European Group SE (from December 2023) Lloyd's Insurance Company S.A. (from February 2023) Markel Insurance SE (from June 2024)
| distribution = Broker network Partner programs (brokers/risk advisors, MSPs)
| geographic_markets = Netherlands Belgium Germany France Luxembourg Austria Ireland
| num_customers = 650+ customers, 60 partners (June 2025)
| competitors =
| 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 = EUR 57.5 million (cumulative, per secondary reporting)
| last_round = Series B, EUR 36 million, March 2024
| last_valuation =
| lead_investors = TIN Capital (Seed) Bessemer Venture Partners (Series A) J.P. Morgan Growth Equity Partners (Series B)
| capital_structure =
| ifsr =
| capacity_partner_ratings =
| ratings =
| footnotes =
}}

{{Summary:Eye Security|5}}

{{More details}}

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== Corporate profile ==

🔒 '''Integrated proposition.''' Eye Security is a European cybersecurity provider that bundles managed security operations and incident response with cyber insurance, marketed as an integrated "secure and insure" proposition for mid-sized enterprises.<ref name="about">{{cite web |title=About Eye Security |url=https://www.eye.security/about |publisher=Eye Security |access-date=2026-03-09}}</ref> The company's privacy notice identifies the data controller as Eye Security B.V., located in The Hague, Netherlands.<ref name="privacy">{{cite web |title=Privacy Notice |url=https://www.eye.security/privacy |publisher=Eye Security |access-date=2026-03-09}}</ref><ref name="seriesb">{{cite web |title=Eye Security secures 36 million in Series B funding |url=https://www.eye.security/press/eye-security-secures-36-million-in-series-b-funding |publisher=Eye Security |date=March 2024 |access-date=2026-03-09}}</ref>

🏢 '''Group structure.''' Insurance activities are structured through separate legal entities. EYE Underwriting B.V. functions as an authorized agent (delegated authority style) for commercial non-life insurance products.<ref name="launch">{{cite web |title=Eye Security launches insurance solution for SMEs |url=https://www.eye.security/press/eye-security-launches-insurance-solution-for-smes |publisher=Eye Security |date=May 2022 |access-date=2026-03-09}}</ref> Eye Insure B.V. operates as an unbound intermediary within the broader group. Eye Insure is the mediation entity of Eye Control and uses the delegated authority of Eye Underwriting for non-life placements.<ref name="insure">{{cite web |title=Eye Insure |url=https://www.eye.security/nl/eye-insure |publisher=Eye Security |access-date=2026-03-09}}</ref>

📋 '''Dutch regulatory status.''' The Netherlands Authority for the Financial Markets (AFM) register entry for Eye Underwriting shows authorization as a (sub-)authorized agent for business non-life insurance, with a start date of 03 May 2022, registered at Saturnusstraat 60 Unit 54, 2516AH, 's-Gravenhage (KvK: 85399027; registration number: 12048757).<ref name="afm">{{cite web |title=Eye Underwriting B.V. — AFM Register |url=https://www.afm.nl/nl-nl/sector/registers/vergunningenregisters/financiele-dienstverleners/details?id=A31A52CD-A885-EC11-A2EC-005056BB4E9F |publisher=Netherlands Authority for the Financial Markets |access-date=2026-03-09}}</ref> The AFM entry also lists outgoing European passports for Eye Underwriting as (sub-)authorized agent for business non-life insurance into multiple EEA countries including Belgium, Germany, France, Ireland, Luxembourg, and Austria, with specific start dates by country.<ref name="afm"/>

🌍 '''Lloyd's and carrier relationships.''' Eye Underwriting appears in the AFM register as an authorized agent of multiple carriers, including Lloyd's Insurance Company S.A. (relationship start date 10 February 2023), supporting a delegated authority model via carrier principals.<ref name="afm"/> No evidence in the reviewed primary materials indicates that Eye Security itself is a licensed insurance carrier; disclosed insurance activity operates via Eye Underwriting (authorized agent) and Eye Insure (intermediary).<ref name="afm"/>

📍 '''Operating locations.''' Eye Security's contact page lists offices in The Hague (Netherlands), Duisburg (Germany), and Oostkamp (Belgium).<ref name="contact">{{cite web |title=Contact |url=https://www.eye.security/contact |publisher=Eye Security |access-date=2026-03-09}}</ref>

📊 '''Scale indicators.''' Customer count disclosures vary by date and context: a June 2025 press release cites over 650 customers, 60 partners, and five offices,<ref name="cbo">{{cite web |title=Eye Security strengthens leadership team with appointment of Ze'ev Rozov as CBO |url=https://www.eye.security/press/eye-security-strengthens-leadership-team-with-appointment-of-zeev-rozov-as-cbo |publisher=Eye Security |date=June 2025 |access-date=2026-03-09}}</ref> while a logistics industry page claims 700+ customers and over 110,000 endpoints under protection.<ref name="logistics">{{cite web |title=Cybersecurity for Transport and Logistics |url=https://www.eye.security/cybersecurity-for-transport-and-logistics-protect-your-bottom-line |publisher=Eye Security |access-date=2026-03-09}}</ref> Headcount grew from over 70 employees in late 2022 to over 100 professionals across three countries by March 2024.<ref name="seriesa">{{cite web |title=Insurtech Eye Security secures EUR 17M from Bessemer Venture Partners |url=https://www.eye.security/press/insurtech-eye-security-secures-17m-from-bessemer-venture-partners |publisher=Eye Security |date=November 2022 |access-date=2026-03-09}}</ref><ref name="seriesb"/>

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== Leadership and governance ==

👥 '''Founders.''' Eye Security was set up in 2020 by Job Kuijpers (CEO), Piet Kerkhofs (CTO), and Vincent van de Ven (COO).<ref name="launch"/> Company materials repeatedly tie the founders' backgrounds to Dutch national intelligence and security services, explicitly naming the General Intelligence and Security Service (AIVD) and the Military Intelligence and Security Service (MIVD).<ref name="launch"/> Kuijpers spent 14 years at AIVD leading cybersecurity.<ref name="about"/>

🧭 '''Group leadership.''' The website lists a leadership team comprising CEO Job Kuijpers, CTO Piet Kerkhofs, COO Vincent van de Ven, Chief Business Officer Ze'ev Rozov, and CFO Charlotte Meara.<ref name="about"/> Insurance leadership disclosed in a July 2025 press release includes Eye Underwriting CUO Kenneth Otto, Chief Insurance Officer Ronan Gerety, Head of Cyber Insurance Development Maarten de Jonge, and Eye Underwriting Managing Director Arjan Halma.<ref name="cuo">{{cite web |title=Eye Underwriting appoints Kenneth Otto as Chief Underwriting Officer |url=https://www.eye.security/press/eye-underwriting-appoints-kennet-otto-as-chief-underwriting-officer |publisher=Eye Security |date=July 2025 |access-date=2026-03-09}}</ref>

🏛️ '''Board composition.''' A February 2023 press release states the board comprised Job Kuijpers, Vincent van de Ven, Piet Kerkhofs, Alex Ferrara, and Christopher Lohmann.<ref name="lohmann">{{cite web |title=Eye Security appoints Christopher Lohmann as Non-Executive Board Member |url=https://www.eye.security/press/eye-security-appoints-christopher-lohmann-as-non-executive-board-member |publisher=Eye Security |date=February 2023 |access-date=2026-03-09}}</ref> Lohmann's background spans senior insurance roles starting at Allianz, with later positions at Gothaer and Talanx, as well as the CEO role at HDI Deutschland AG and collaboration with Perseus (a Talanx company).<ref name="lohmann"/>

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== Business model ==

💡 '''Operating thesis.''' Eye Security's core thesis holds that insurability improves when the insured's control environment is measurably upgraded and monitored, enabling faster underwriting and potentially more stable loss performance. Cyber insurance is available only in combination with the company's cybersecurity solution, reflecting the explicitly embedded "security plus insurance" packaging.<ref name="launch"/>

🖥️ '''Security services.''' The Managed XDR offering centers on a 24/7 security operations capability with integrated tooling and a customer-facing portal. Disclosed components include a 24/7 Security Operations Center with continuous monitoring of endpoints and cloud environments, incident response support with 24/7 availability by phone, email, and on-site, and Attack Surface Management with proactive scanning and threat hunting framed as continuous monitoring for vulnerabilities.<ref name="xdr">{{cite web |title=Managed XDR |url=https://www.eye.security/solutions/managed-xdr |publisher=Eye Security |access-date=2026-03-09}}</ref> The Eye Portal provides endpoint and MFA coverage visibility plus recommendations, and a named anti-spoofing capability, the Eye Anti-Spoofing Tool (EAST), targets spoofed Microsoft login pages.<ref name="xdr"/>

🔗 '''Technology integrations.''' The company partners with technology providers rather than building all tooling in-house, describing a "best-of-breed" approach.<ref name="integrations">{{cite web |title=Integrations |url=https://www.eye.security/integrations |publisher=Eye Security |access-date=2026-03-09}}</ref> The Managed XDR page displays integration logos including Microsoft, CrowdStrike, and Google.<ref name="xdr"/>

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== Customer segments and underwriting ==

🎯 '''Segment evolution.''' Eye Security's customer positioning broadened over time from SME language in 2022 to an explicit mid-market focus from 2024 onward.<ref name="launch"/> The cyber insurance distribution site states the policy is designed for organizations with annual revenue up to EUR 250 million, with two quotation forms splitting applicants into bands: up to EUR 50 million and EUR 50 million to EUR 250 million.<ref name="uwsite">{{cite web |title=Eye Underwriting — Cyber Insurance |url=https://underwriting.eye.security/eye-underwriting |publisher=Eye Underwriting |access-date=2026-03-09}}</ref><ref name="form50">{{cite web |title=Underwriting form for companies with annual revenue till 50 million |url=https://underwriting.eye.security/hubfs/Underwriting%20form%20for%20companies%20with%20annual%20revenue%20till%2050MIL.pdf |publisher=Eye Underwriting |access-date=2026-03-09}}</ref><ref name="form250">{{cite web |title=Underwriting form for companies with annual revenue 50 till 250 million |url=https://underwriting.eye.security/hubfs/Underwriting%20form%20for%20companies%20with%20annual%20revenue%2050%20till%20250MIL.pdf |publisher=Eye Underwriting |access-date=2026-03-09}}</ref>

📄 '''Policy limits.''' The sub-EUR 50 million revenue application offers insured sums from EUR 100,000 up to EUR 5,000,000, while the EUR 50–250 million revenue application offers insured sums from EUR 1,000,000 up to EUR 5,000,000.<ref name="form50"/><ref name="form250"/>

🔐 '''Underwriting gating.''' Cyber insurance is contingent on maintaining the cybersecurity control set and acting on remediation prompts. Application forms include control attestations consistent with cyber hygiene gating, including MFA requirements for remote access and email systems, backup immutability and encryption, patching responsiveness expectations, and segregation of end-of-life systems. The sub-EUR 50 million form includes an explicit commitment to act on critical patches within two working days.<ref name="form50"/>

🏭 '''Customer mix indicators.''' The company is trusted by hundreds of customers across sectors including manufacturing, healthcare, financial services, IT, and automotive.<ref name="seriesb"/> The logistics vertical page claims 700+ customers and 110,000+ endpoints under protection, aligning with a multi-site, endpoint-heavy segment.<ref name="logistics"/> Named logistics references include Jan de Rijk Logistics and Van der Most Transport.<ref name="logistics"/> Verticals explicitly referenced in company materials include logistics, manufacturing, healthcare, and professional services.<ref name="logistics"/>

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== Cyber insurance product ==

📑 '''Policy forms.''' One set of public policy conditions is titled "CyberClear by Hiscox" (HCC-2022/01), indicating use of a Hiscox-linked wording for at least one product configuration in the Netherlands.<ref name="cyberclear">{{cite web |title=Polisvoorwaarden CyberClear by Hiscox (HCC-2022/01) |url=https://www.eye.security/hubfs/Polisvoorwaarden%20HCC-202201.pdf |publisher=Eye Security / Hiscox |access-date=2026-03-09}}</ref> A separate "Eye Underwriting" cyber insurance policy conditions document is also published, indicating either a modified wording or an alternative configuration under the Eye Underwriting brand.<ref name="eyeuw">{{cite web |title=Polisvoorwaarden Eye Underwriting |url=https://www.eye.security/hubfs/Polisvoorwaarden_Eye%20Underwriting.pdf |publisher=Eye Underwriting |access-date=2026-03-09}}</ref> Eye Insure describes the placement approach as using the delegated authority of Eye Underwriting for non-life policies, supported by carrier powers.<ref name="insure"/>

⏱️ '''Trigger mechanics.''' The policy conditions repeatedly condition coverage on events and claims during the policy term and define a claim in terms of written demands first made against the insured within the relevant jurisdiction, supporting a claims-made style structure combined with first-party loss cover discovered during the policy term.<ref name="cyberclear"/>

🛡️ '''First-party coverages.''' Based on the published wording, standard first-party coverages include breach response and incident costs (forensic services, external legal costs, notification, call center, credit monitoring, and dark web monitoring), cyber extortion and ransom payment loss, data restoration costs (with exclusions against betterment beyond pre-incident level), business interruption including lost income and increased labor costs (with a six-month indemnity period in the Eye Underwriting wording), reputation protection including PR and crisis management costs, supplier breach coverage, and human error coverage.<ref name="cyberclear"/><ref name="eyeuw"/> Optional cover includes IT service provider interruption. The Eye Underwriting wording adds damage to stock and inventory as an additional first-party element.<ref name="eyeuw"/>

⚖️ '''Third-party coverages.''' Published conditions include privacy liability, privacy and GDPR investigations, PCI liability and PCI fines/assessments, and online liability and network security incident-related liabilities.<ref name="cyberclear"/> Regulatory defense costs are described in the product's coverage summary page.<ref name="uwsite"/>

💳 '''Cyber fraud.''' The published conditions include a dedicated section covering electronic theft, telephone fraud, social engineering, and fraudulent use of electronic identity.<ref name="cyberclear"/>

🚑 '''Breach response services.''' The insurance offering embeds coordinated incident response including IT, forensics, legal, PR, and ransom negotiation, coordinated by an incident response manager.<ref name="underwriting">{{cite web |title=Eye Underwriting — Cyber Insurance Distribution |url=https://underwriting.eye.security/ |publisher=Eye Underwriting |access-date=2026-03-09}}</ref> Policy conditions define breach response costs to explicitly include forensics, legal, notification, call center services, credit monitoring, and PR/crisis support.<ref name="cyberclear"/>

🚫 '''Exclusions.''' The CyberClear wording excludes outage of services provided by internet, telecom, and utility providers and references failures associated with satellites or satellite constellations (Kessler syndrome).<ref name="cyberclear"/> Bodily injury and material property damage exclusions are present, as are exclusions for known circumstances before inception.<ref name="cyberclear"/> The wording references a Netherlands terrorism clause framework tied to Nederlandse Herverzekeringsmaatschappij voor Terrorismeschaden N.V. (NHT).<ref name="cyberclear"/>

📐 '''Coverage differentiation.''' Differentiation is evidenced through the underwriting intake design: distinct application forms for sub-EUR 50 million versus EUR 50–250 million revenue bands feature different minimum insured sums (EUR 100,000 for the smaller band; EUR 1 million minimum for the larger band), with both capped at EUR 5 million maximum.<ref name="form50"/><ref name="form250"/>

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== Distribution and geographic expansion ==

🤝 '''Advised channel.''' Eye Security's cyber insurance is sold via an advised channel rather than direct-to-business, offered through a broker network with marketing that emphasizes advisory by a risk advisor or broking agent.<ref name="underwriting"/> The company operates partner programs targeting brokers, risk advisors, and managed service providers.<ref name="integrations"/>

📢 '''Named partners.''' Strategic and distribution partners include Wilink (strategic partnership, June 2023),<ref name="wilink">{{cite web |title=Eye Security and Wilink join forces to strengthen cyber security |url=https://www.eye.security/press/eye-security-and-wilink-join-forces-to-strengthen-cyber-security |publisher=Eye Security |date=June 2023 |access-date=2026-03-09}}</ref> Protection Unit (exclusive partnership covering Belgium, France, and Luxembourg),<ref name="protection">{{cite web |title=Protection Unit announces an exclusive partnership with Eye Security |url=https://www.eye.security/press/protection-unit-announces-an-exclusive-partnership-with-eye-security |publisher=Eye Security |date=April 2023 |access-date=2026-03-09}}</ref> and Aon Belgium, referenced as a collaborator in the 2022 insurance launch announcement.<ref name="launch"/>

🗺️ '''Geographic footprint.''' The 2022 baseline footprint encompassed the Netherlands, Belgium, and Germany.<ref name="seriesa"/> The AFM register shows Eye Underwriting's cross-border passporting into Belgium and Germany from 10 May 2022 and later additions of France and Luxembourg with May 2024 start dates.<ref name="afm"/> The March 2024 Series B press release states intent to deepen presence in the Netherlands, Germany, and Belgium and expand into select European countries in 2024.<ref name="seriesb"/>

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== Funding and financial signals ==

{| class="wikitable sortable" width:100% style="font-size:0.85em"
|+ 💰 Eye Security venture funding rounds, EUR, 2022–2024
! scope="col" style="text-align:center" | Round
! scope="col" style="text-align:center" | Date announced
! scope="col" style="text-align:right; width:7em" | Amount raised
! scope="col" style="text-align:center" | Lead investor(s)
! scope="col" style="text-align:center" | Notable co-investors
! scope="col" style="text-align:right; width:8em" | Cumulative funding
|-
| Seed / pre-Series A || April 2022 || style="text-align:right" | EUR 4.5M || TIN Capital (Dutch Security TechFund) || — || style="text-align:right" | EUR 4.5M<ref name="launch"/>
|-
| Series A || November 2022 || style="text-align:right" | EUR 17M || Bessemer Venture Partners || — || style="text-align:right" | EUR 21.5M<ref name="seriesa"/>
|-
| style="background:#f8f9fa" | '''Series B''' || style="background:#f8f9fa" | '''March 2024''' || style="background:#f8f9fa; text-align:right" | '''EUR 36M''' || style="background:#f8f9fa" | '''J.P. Morgan Growth Equity Partners''' || style="background:#f8f9fa" | '''Bessemer Venture Partners; TIN Capital''' || style="background:#f8f9fa; text-align:right" | '''EUR 57.5M'''<ref name="fintech">{{cite web |title=J.P. Morgan leads EUR 36M Series B raise for Dutch start-up Eye Security |url=https://www.fintechfutures.com/fintech-start-ups/jp-morgan-leads-36m-series-b-raise-for-dutch-start-up-eye-security |publisher=Fintech Futures |date=March 2024 |access-date=2026-03-09}}</ref>
|}

📝 '''Funding narrative.''' The Series A press release frames Eye Security as a subscription-based cybersecurity plus cyber insurance company, noting the round was the second investment following the TIN Capital investment earlier in 2022.<ref name="seriesa"/> The Series B press release describes a mid-market focus and a plan to expand geographically while deepening existing markets.<ref name="seriesb"/> Headcount expanded from over 70 employees in late 2022 to over 100 professionals by March 2024, consistent with a scaling phase post-Series A.<ref name="seriesa"/><ref name="seriesb"/> The EUR 57.5 million cumulative figure is reported by a secondary outlet and is treated as contextual rather than a primary filing disclosure.<ref name="fintech"/>

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== Capacity and carrier relationships ==

🏦 '''Carrier principals.''' The AFM register lists Eye Underwriting as an authorized agent of multiple carrier principals with relationship start dates: Hiscox S.A. (16 May 2022), Chubb European Group SE (01 December 2023), Lloyd's Insurance Company S.A. (10 February 2023), and Markel Insurance SE (15 June 2024).<ref name="afm"/> This multi-carrier principal set reduces single-carrier dependency risk relative to a single-front model.<ref name="afm"/>

🤲 '''Strategic partnerships beyond capacity.''' A 2023 partnership announcement describes the model as enabling an insurance broker partner to leverage Eye Security's prevention and incident response expertise to help clients meet underwriting and security requirements and access insurance.<ref name="wilink"/> A 2023 Belgium-focused partnership announcement explicitly references deployment of CrowdStrike EDR by Eye Security within a partner-delivered package, reinforcing the "tooling plus SOC plus insurance" bundle.<ref name="protection"/>

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== Competitive positioning and strategy ==

🧩 '''Ecosystem positioning.''' Eye Security fits a European "integrated cyber risk platform" pattern: direct control of insured cybersecurity posture through bundled MDR/XDR, incident response, and continuous monitoring; delegated authority style insurance distribution via an authorized agent entity with multi-carrier principals; and advised distribution via broker network combined with partner programs for security distribution.<ref name="xdr"/><ref name="afm"/><ref name="underwriting"/>

🔄 '''Risk data feedback loop.''' The underwriting workflow explicitly embeds cybersecurity control attestations and operational commitments (MFA, immutable backups, rapid patching response expectations), indicating a structured risk selection posture designed to improve portfolio quality and reduce adverse selection.<ref name="form50"/>

🔗 '''Switching cost.''' Scale claims emphasize large endpoint coverage and a portal that surfaces actionable security metrics and recommendations, creating service stickiness once deployed as an always-on security layer.<ref name="logistics"/> Broker channel sales are described as a key growth strategy, with insurance industry networks at the board level adding distribution leverage.<ref name="lohmann"/>

{| class="wikitable sortable" width:100% style="font-size:0.85em"
|+ 📊 Eye Security key performance indicators, latest disclosed figures
! scope="col" style="text-align:center" | Metric
! scope="col" style="text-align:right; width:8em" | Latest figure
! scope="col" style="text-align:right; width:8em" | Prior comparator
! scope="col" style="text-align:center" | Source
|-
| Customer count (security platform) || style="text-align:right" | 650+ || style="text-align:right" | — || June 2025 press release<ref name="cbo"/>
|-
| Partner count || style="text-align:right" | 60 || style="text-align:right" | — || June 2025 press release<ref name="cbo"/>
|-
| Headcount || style="text-align:right" | 100+ professionals || style="text-align:right" | 70+ (2022) || March 2024 press release<ref name="seriesb"/><ref name="seriesa"/>
|-
| Endpoints protected || style="text-align:right" | 110,000+ || style="text-align:right" | — || Logistics industry page<ref name="logistics"/>
|}

⚠️ '''Risk factors.''' Multiple carrier principals are listed in the AFM register, but concentration of written premium by carrier and binder renewal risk remain unknown; loss of any principal could impact underwriting continuity or pricing.<ref name="afm"/> The model depends on sustained control compliance such as MFA and patching responsiveness — if enforcement is weak or exceptions accumulate, the underwriting thesis can degrade.<ref name="form50"/> The CyberClear wording includes explicit exclusions tied to widespread infrastructure failures (ISP, utility, and satellite-related events), suggesting insurer sensitivity to systemic events.<ref name="cyberclear"/> The authorized agent and intermediary entities are subject to AFM conduct supervision, and cross-border passporting increases compliance complexity.<ref name="afm"/>

🚀 '''Strategy and outlook.''' The stated growth plan emphasizes deepening Netherlands, Germany, and Belgium while expanding into additional European markets.<ref name="seriesb"/> Leadership buildout in 2025 emphasizes maturing commercial operations and underwriting sophistication, evidenced by the CBO appointment and creation of insurance leadership roles such as CUO.<ref name="cbo"/><ref name="cuo"/> Eye Security explicitly positions itself to benefit from compliance tailwinds such as NIS2 implementation timelines, framing this as demand-driving context for mid-market firms.<ref name="seriesb"/>

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== Company timeline ==

{| class="wikitable" width:100% style="font-size:0.85em"
|+ 📅 Eye Security corporate milestones, 2020–2025
! scope="col" style="text-align:center; width:6em" | Date
! scope="col" style="text-align:center" | Event
|-
| 2020 || Company set up by Job Kuijpers, Vincent van de Ven, and Piet Kerkhofs.<ref name="launch"/>
|-
| May 2022 || Launch of cyber insurance solution via Eye Underwriting; collaboration with Hiscox and Aon cited; required licenses obtained and risk bearers secured.<ref name="launch"/>
|-
| May 2022 || AFM register start date for Eye Underwriting authorization as (sub-)authorized agent for business non-life insurance (03 May 2022).<ref name="afm"/>
|-
| November 2022 || Series A announced at EUR 17 million led by Bessemer Venture Partners; company states total 2022 funding of EUR 21.5 million and over 70 employees.<ref name="seriesa"/>
|-
| February 2023 || Board composition disclosed; Christopher Lohmann appointed as non-executive board member.<ref name="lohmann"/>
|-
| April 2023 || Exclusive partnership with Protection Unit for Belgium, France, and Luxembourg.<ref name="protection"/>
|-
| June 2023 || Strategic partnership with Wilink announced.<ref name="wilink"/>
|-
| March 2024 || Series B announced at EUR 36 million led by J.P. Morgan Growth Equity Partners (with Bessemer and TIN participation); over 100 professionals across three countries; intent to expand into additional European markets in 2024.<ref name="seriesb"/>
|-
| June 2025 || CBO appointment of Ze'ev Rozov announced; company discloses 650+ customers, 60 partners, and five offices; referenced as recommended APT response provider by Germany's Federal Office for Information Security.<ref name="cbo"/>
|-
| July 2025 || Kenneth Otto appointed CUO of Eye Underwriting; press release references insurance leadership roles and underwriting/portfolio management focus.<ref name="cuo"/>
|}

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

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== References ==
{{reflist}}

Eye Security - Revision history