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2026-03-09T05:31:29Z

Created page with "{{Infobox company | name = Measured Analytics and Insurance | legal_name = Measured Analytics and Insurance, Inc. | logo = Logo of Measured Analytics and Insurance.svg | logo_size = | logo_alt = Logo of Measured Analytics and Insurance | logo_caption = | type = Private — cyber insurance MGA | exchange = | ticker = |..."

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{{Infobox company
| name = Measured Analytics and Insurance
| legal_name = Measured Analytics and Insurance, Inc.
| logo = Logo of Measured Analytics and Insurance.svg
| logo_size =
| logo_alt = Logo of Measured Analytics and Insurance
| logo_caption =
| type = Private — cyber insurance MGA
| exchange =
| ticker =
| isin =
| lei =
| license_type = Excess line broker (New York)
| npn =
| coverholder_ref =
| incorporation = Delaware
| founded = {{Start date and age|2018}}
| headquarter = Salt Lake City, Utah
| domicile = United States
| insurance_jurisdictions = United States
| regulator = New York Department of Financial Services (excess line broker listing)
| ultimate_parent =
| shareholders = Signal Peak Ventures Origin Ventures Royal Street Ventures Silicon Valley Data Capital AV8 Ventures
| key_people = Jack Vines, CEO and founder Vince McCarthy, President Steven Anderson, Chief Underwriting Officer Nick Little, Head of Insurance
| num_employees =
| customer_segments = Small and midsize businesses with revenue under $500 million
| lines_of_business = Cyber insurance
| segments =
| products = CyberGuard 2023 CyberGuard Central
| technology_platform = AI-driven cyber underwriting platform with real-time security posture monitoring
| capacity_providers = Canopius (A- Excellent, AM Best) SCOR
| distribution = Wholesale broker networks AWS Cyber Insurance Partner
| geographic_markets = United States
| num_customers =
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| last_round = Second round led by Signal Peak Ventures, September 2021
| last_valuation =
| lead_investors = Signal Peak Ventures
| capital_structure =
| ifsr =
| capacity_partner_ratings = Canopius: A- (Excellent), AM Best
| ratings =
| footnotes =
}}

{{Summary:Measured Analytics and Insurance|5}}

{{More details}}

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== Corporate profile ==

🏢 '''Operating identity.''' Measured Analytics and Insurance operates publicly under the brand names "Measured Analytics and Insurance" and "Measured Insurance" across partnership announcements and press releases.<ref name="gnw-funding">{{cite web |title=Measured Analytics and Insurance Raises New Funding to Launch Data-Driven Cyber Insurance and Expand Strategic Partnerships |url=https://www.globenewswire.com/news-release/2021/09/16/2298175/0/en/Measured-Analytics-and-Insurance-Raises-New-Funding-to-Launch-Data-Driven-Cyber-Insurance-and-Expand-Strategic-Partnerships.html |publisher=GlobeNewswire |date=16 September 2021 |access-date=2026-03-09}}</ref> The company is legally incorporated in Delaware as Measured Analytics and Insurance, Inc., as confirmed by U.S. court filings and Lloyd's coverholder records.<ref name="lloyds-coverholders">{{cite web |title=Coverholders |url=https://www.lloyds.com/market-resources/delegated-authorities/coverholders |publisher=Lloyd's of London |access-date=2026-03-09}}</ref> Multiple company-sourced releases identify Salt Lake City, Utah, as the primary headquarters and operating location.<ref name="sophos-fireside">{{cite web |title=Fireside Chat with Measured Insurance |url=https://www.sophos.com/en-us/blog/fireside-chat-with-measured-insurance |publisher=Sophos |access-date=2026-03-09}}</ref>

📋 '''MGA operating model.''' Measured describes itself as a cyber insurance managing general agent, underwriting via capacity providers rather than maintaining an owned balance sheet. This structure is consistent with a delegated authority model in which the MGA exercises binding authority on behalf of insurer partners.<ref name="cyberguard-pdf">{{cite web |title=Measured CyberGuard 2023 |url=https://s3.amazonaws.com/marketing.measuredinsurance.com/Measured_Cyberguard_2023.pdf |publisher=Measured Analytics and Insurance |access-date=2026-03-09}}</ref>

🔍 '''Regulatory footprint.''' A New York Department of Financial Services published excess line broker listing includes Measured Insurance Agency, LLC, with identifier 1701465 and a registered address at 250 East 200 South, Suite 1600, Salt Lake City, UT 84111.<ref name="nydfs-broker">{{cite web |title=Excess Line Broker List |url=https://www.dfs.ny.gov/system/files/documents/2022/01/Ex_Broker_list_12_31_2021.xls |publisher=New York Department of Financial Services |date=January 2022 |access-date=2026-03-09}}</ref> An external press-distribution item referenced "coverholder status" with Lloyd's of London, although this could not be corroborated from an authoritative Lloyd's directory entry.<ref name="ein-cyberguard">{{cite web |title=Measured Insurance Launches CyberGuard, Secures Coverholder Status with Lloyd's of London |url=https://www.einpresswire.com/article/546875110/measured-insurance-launches-cyberguard-secures-coverholder-status-with-lloyd-s-of-london |publisher=EIN Presswire |access-date=2026-03-09}}</ref>

📐 '''Scale indicators.''' Measured's stated underwriting appetite targets organizations with revenue below $500 million, and limits offered range from $500,000 to $5,000,000 across primary and excess layers.<ref name="cyberguard-pdf"/>

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== Business model ==

🎯 '''Core proposition.''' Measured positions itself as an analytics- and AI-driven cyber underwriting platform paired with cyber insurance, delivered through capacity providers and broker distribution channels. CyberGuard materials explicitly target organizations with revenues under $500 million, a boundary that functionally spans upper-SME to mid-market segments.<ref name="cyberguard-pdf"/>

🔗 '''Distribution signals.''' Several indicators point to a broker-led commercial program aligned to SMB and mid-market placements. Distribution operates through exclusively licensed wholesale broker networks, and product positioning includes primary and excess capability up to $5 million in limits, consistent with larger SMB and mid-market account sizes.<ref name="gnw-funding"/> Partnerships emphasize small and midsize businesses as the core customer segment.<ref name="prn-canopius">{{cite web |title=Measured Insurance Partners with Canopius and Long-Time Backer SCOR to Expand Critical Cyber Insurance Solutions for Small and Midsize Businesses in the U.S. |url=https://www.prnewswire.com/news-releases/measured-insurance-partners-with-canopius-and-long-time-backer-scor-to-expand-critical-cyber-insurance-solutions-for-small-and-midsize-businesses-in-the-us-301856125.html |publisher=PR Newswire |date=June 2023 |access-date=2026-03-09}}</ref>

🚫 '''Vertical appetite.''' CyberGuard 2023 highlights state that all classes are considered, but identify an unfavorable appetite for crypto-exposed businesses, public administration, education, gambling, managed service providers, payment processors, social networks, and title agencies.<ref name="cyberguard-pdf"/>

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== Product and coverage ==

🛡️ '''CyberGuard 2023.''' Measured's named product offering is CyberGuard 2023, launched with limits between $500,000 and $5,000,000. Claims handling and breach response services are provided by Canopius, indicating material dependence on carrier operational infrastructure.<ref name="cyberguard-pdf"/><ref name="canopius-pr">{{cite web |title=Canopius Partners with Measured Insurance to Enhance Cyber Insurance Solutions for Small and Midsize Businesses in the U.S. |url=https://www.canopius.com/press-releases/canopius-partners-with-measured-insurance-to-enhance-cyber-insurance-solutions-for-small-and-midsize-businesses-in-the-u-s/ |publisher=Canopius |date=June 2023 |access-date=2026-03-09}}</ref>

💻 '''First-party coverages.''' The product features insuring clauses for breach investigation costs, cyber extortion (with no coinsurance), data restoration, system restoration including bricking, business interruption including system failure, contingent business interruption including system failure, reputational harm, crisis communication costs, and cryptojacking. A cybercrime module covers specified fraud vectors including fraudulent data entry, instruction, transfer, invoice manipulation, and telecommunications fraud.<ref name="cyberguard-pdf"/>

📊 '''Sublimits.''' Full limits apply to all insuring clauses except cybercrime, which is capped at $300,000, and contingent system failure, which is capped at 50% of the aggregate.<ref name="cyberguard-pdf"/>

⚖️ '''Third-party coverages.''' Liability coverages include privacy and cybersecurity liability, digital media liability, regulatory liability, and PCI liability. The product provides affirmative terrorism coverage and features non-attribution-based war language, indicating a war exclusion framing that is not purely attribution-dependent.<ref name="cyberguard-pdf"/>

🩺 '''Embedded services.''' All CyberGuard insureds receive virtual CISO consultancy services and active threat monitoring and alerting as standard embedded risk-mitigation features.<ref name="cyberguard-pdf"/>

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== Distribution and partnerships ==

📡 '''Distribution architecture.''' Measured distributes through exclusively licensed wholesale broker networks and accepts broker submissions and appointments through its product platform.<ref name="gnw-funding"/> A cloud ecosystem distribution route operates through Amazon Web Services, where Measured runs a quoting solution that assesses AWS environments via AWS Security Hub as part of the AWS cyber insurance partner framework.<ref name="prn-aws">{{cite web |title=Measured Analytics and Insurance Achieves the AWS Cyber Insurance Competency |url=https://www.prnewswire.com/news-releases/measured-analytics-and-insurance-achieves-the-aws-cyber-insurance-competency-302002102.html |publisher=PR Newswire |date=November 2023 |access-date=2026-03-09}}</ref>

🌐 '''Geographic focus.''' Partnership releases and product positioning indicate a United States-focused operating region. An investor blog contains directional commentary suggesting expectations of broader geographic growth over time, but no documented regulatory expansion plan has been disclosed.<ref name="av8-interview">{{cite web |title=Jack Vines, CEO of Measured Analytics and Insurance: The State of Cybersecurity and Cyber Insurance |url=https://av8.vc/post/jack-vines-ceo-of-measured-analytics-and-insurance-the-state-of-cybersecurity-and-cyber-insurance/ |publisher=AV8 Ventures |access-date=2026-03-09}}</ref>

🏦 '''Capacity providers.''' Measured publicly announced a capacity partnership in which Canopius joined SCOR as a long-standing capacity provider, expanding cyber insurance solutions for SMBs in the United States.<ref name="prn-canopius"/> Product highlights reference Canopius's A- (Excellent) AM Best rating, and Canopius provides claims handling and breach response services for the CyberGuard 2023 product.<ref name="cyberguard-pdf"/>

🤝 '''Technology partnerships.''' Measured maintains several strategic partnerships that integrate security telemetry with insurance pricing:

* Sophos: premium reduction of up to 25% for customers using Sophos MDR or endpoint products.<ref name="sophos-fireside"/>
* SecurityScorecard: insurance premium incentives linked to security ratings.<ref name="ssc-partnership">{{cite web |title=SecurityScorecard Joins Forces with Measured Analytics and Insurance to Deliver Industry-First Cyber Insurance Discounts for Top Security Ratings |url=https://securityscorecard.com/company/press/securityscorecard-joins-forces-with-measured-analytics-and-insurance-to-deliver-industry-first-cyber-insurance-discounts-for-top-security-ratings/ |publisher=SecurityScorecard |date=13 September 2023 |access-date=2026-03-09}}</ref>
* KnowBe4: discounted access to training products for insureds and premium discounts for KnowBe4 customers demonstrating strong human risk practices.<ref name="prn-knowbe4">{{cite web |title=Measured Analytics and Insurance Partners with KnowBe4 to Enhance Cybersecurity Training and Insurance Solutions |url=https://www.prnewswire.com/news-releases/measured-analytics-and-insurance-partners-with-knowbe4-to-enhance-cybersecurity-training-and-insurance-solutions-302056857.html |publisher=PR Newswire |date=8 February 2024 |access-date=2026-03-09}}</ref>
* Tenable: cited as a partner in investor materials and third-party solution collateral.<ref name="av8-interview"/>
* Amazon Web Services: AWS Cyber Insurance Competency achieved, with AWS Security Hub-driven posture assessment integrated into the quoting workflow.<ref name="prn-aws"/>

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== Leadership ==

👤 '''Founder and CEO.''' Jack Vines serves as CEO and founder, identified in multiple company and partner communications.<ref name="gnw-funding"/><ref name="cyberguard-pdf"/> Prior to founding Measured, Vines worked at Verisk, where he identified gaps in the cyber insurance landscape related to real-time security posture monitoring.<ref name="av8-interview"/>

👥 '''Senior leadership.''' Vince McCarthy serves as President, quoted publicly in CyberGuard 2023 launch communications.<ref name="prn-cyberguard2023">{{cite web |title=Measured Analytics and Insurance Unveils CyberGuard 2023, Its Cutting-Edge AI-Driven Cyber Insurance Product |url=https://www.prnewswire.com/news-releases/measured-analytics-and-insurance-unveils-cyberguard-2023-its-cutting-edge-ai-driven-cyber-insurance-product-for-robust-protection-of-small-and-midsize-enterprises-smes-301941638.html |publisher=PR Newswire |date=September 2023 |access-date=2026-03-09}}</ref><ref name="gnw-cyberguard">{{cite web |title=Measured Analytics and Insurance Launches CyberGuard Central |url=https://www.globenewswire.com/news-release/2021/11/16/2335086/0/en/Measured-Analytics-and-Insurance-Launches-CyberGuard-Central.html |publisher=GlobeNewswire |date=16 November 2021 |access-date=2026-03-09}}</ref> Steven Anderson holds the role of Chief Underwriting Officer, announced via a GlobeNewswire hiring release.<ref name="gnw-team">{{cite web |title=Measured Analytics and Insurance Expands Insurance Team |url=https://www.globenewswire.com/news-release/2021/11/09/2330005/0/en/Measured-Analytics-and-Insurance-expands-insurance-team-with-senior-leadership-operations-and-underwriting-hires.html |publisher=GlobeNewswire |date=9 November 2021 |access-date=2026-03-09}}</ref> Nick Little is identified as Head of Insurance in the CyberGuard 2023 launch release, and Zach Atya was named Director of Insurance in a 2021 senior leadership hire announcement.<ref name="prn-cyberguard2023"/><ref name="gnw-team"/>

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== Funding and financial performance ==

💰 '''Funding.''' Measured announced the closing of a second round of funding in September 2021, led by Signal Peak Ventures and joined by Origin Ventures, Royal Street Ventures, Silicon Valley Data Capital, and AV8 Ventures. The amount raised was not publicly stated.<ref name="gnw-funding"/><ref name="av8-investment">{{cite web |title=Announcing AV8's Investment in Measured Insurance |url=https://av8.vc/post/announcing-av8s-investment-in-measured-insurance/ |publisher=AV8 Ventures |access-date=2026-03-09}}</ref>

{| class="wikitable sortable" width="100%" style="font-size:0.85em"
|+ 💵 Measured Analytics and Insurance, equity funding rounds, cumulative (USD)
! scope="col" style="text-align:center" | Round
! scope="col" style="text-align:center; width:7em" | Date
! scope="col" style="text-align:right; width:7em" | Amount
! scope="col" style="text-align:center" | Lead investor
! scope="col" style="text-align:center" | Co-investors
|-
| Second round of funding
| style="text-align:right" | Sep 2021
| style="text-align:right" | —
| Signal Peak Ventures
| Origin Ventures; Royal Street Ventures; Silicon Valley Data Capital; AV8 Ventures
|}

📈 '''Financial indicators.''' Capacity-partnership communications reference a "profitable growth" positioning, but no GWP, loss ratio, revenue, net income, policy count, or headcount metrics have been publicly disclosed.<ref name="prn-canopius"/>

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== Competitive positioning ==

🧭 '''Market positioning.''' Measured aligns with a data-integrated cyber MGA model characterized by capacity-backed underwriting through Canopius and SCOR, embedded security posture signals from partner telemetry (AWS Security Hub, SecurityScorecard, Sophos MDR/endpoint, Tenable), and a value proposition blending underwriting with risk mitigation services including virtual CISO, active monitoring, and tool enablement via CyberGuard Central.<ref name="prn-canopius"/><ref name="cyberguard-pdf"/><ref name="prn-aws"/>

🏰 '''Competitive differentiation.''' Measured claims proprietary threat insights and inside-the-firewall data, emphasizing real-time posture monitoring as a data advantage. The AWS posture-assessment workflow indicates a productized underwriting experience tied to cloud control telemetry. Distribution combines wholesale broker networks with ecosystem partnerships through Sophos, SecurityScorecard, and KnowBe4. A multi-partner capacity arrangement with Canopius joining long-standing SCOR support reduces single-carrier dependency.<ref name="cyberguard-pdf"/><ref name="prn-aws"/><ref name="prn-canopius"/>

⚠️ '''Risk factors.''' Key structural risks include:

* Capacity dependency: the operating model depends on Canopius and SCOR, and any repricing, authority constraints, or non-renewal could impair growth.<ref name="prn-canopius"/>
* Cyber aggregation: business interruption, system failure, and contingent business interruption coverages create exposure channels for systemic events.<ref name="cyberguard-pdf"/>
* Operational execution: the value proposition relies on continuous monitoring, partner integrations, and fast remediation, with execution dependent on data pipelines and customer adoption of recommended controls.<ref name="gnw-cyberguard"/>
* Regulatory compliance: U.S. distribution via licensed brokers introduces multi-state licensing requirements, with at least one surplus lines register listing identified.<ref name="nydfs-broker"/>
* Go-to-market concentration: heavy emphasis on broker and ecosystem partner channels increases exposure to partner performance and program continuity.<ref name="sophos-fireside"/>

🔭 '''Strategic trajectory.''' Observable strategic pillars include analytics-driven underwriting, security-telemetry partnerships, bundled risk mitigation services, and scalable capacity partnerships.<ref name="prn-canopius"/>

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== Company timeline ==

{| class="wikitable sortable" width="100%" style="font-size:0.85em"
|+ 📅 Measured Analytics and Insurance, key corporate events, 2018–2024
! scope="col" style="text-align:center; width:7em" | Date
! scope="col" style="text-align:center" | Event
|-
| style="text-align:right" | 2018
| Company founded.<ref name="coverager">{{cite web |title=Measured Analytics and Insurance raises new funding |url=https://coverager.com/measured-analytics-and-insurance-raises-new-funding/ |publisher=Coverager |date=2021 |access-date=2026-03-09}}</ref>
|-
| style="text-align:right" | Sep 2021
| Second round of funding closed, led by Signal Peak Ventures with Origin Ventures, Royal Street Ventures, Silicon Valley Data Capital, and AV8 Ventures.<ref name="gnw-funding"/>
|-
| style="text-align:right" | Nov 2021
| Insurance team expansion announced; Steven Anderson named Chief Underwriting Officer and Zach Atya named Director of Insurance.<ref name="gnw-team"/>
|-
| style="text-align:right" | Nov 2021
| CyberGuard Central partner program launched for cybersecurity vendors, introducing a risk calculator and benchmarking tools.<ref name="gnw-cyberguard"/>
|-
| style="text-align:right" | Jun 2023
| Canopius capacity partnership announced, joining long-standing SCOR support for SMB cyber insurance expansion in the U.S.<ref name="prn-canopius"/>
|-
| style="text-align:right" | Sep 2023
| SecurityScorecard alliance announced, linking security ratings to insurance premium incentives.<ref name="ssc-partnership"/>
|-
| style="text-align:right" | Sep 2023
| CyberGuard 2023 product launched with revenue target of under $500 million and limits of $500,000–$5,000,000.<ref name="prn-cyberguard2023"/>
|-
| style="text-align:right" | Nov 2023
| AWS Cyber Insurance Competency achieved; AWS Security Hub-driven posture assessment integrated into quoting.<ref name="prn-aws"/>
|-
| style="text-align:right" | Feb 2024
| KnowBe4 partnership announced, linking cybersecurity training access and premium incentives.<ref name="prn-knowbe4"/>
|}

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

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== References ==
{{reflist}}

Measured Analytics and Insurance - Revision history