Summary:Stoïk: Difference between revisions

|2 = {{#if:{{{bullet|}}}|* }}Stoïk is a Paris-headquartered cyber-focused [[Definition:Managing general agent (MGA) |MGA]] and [[Definition:Insurance distribution |insurance distribution platform]] combining [[Definition:Delegated underwriting authority |delegated underwriting]], embedded prevention via Stoïk Protect, and in-house [[Definition:Computer emergency response team (CERT) |CERT]] [[Definition:Incident response |incident response]] across six European markets, reaching approximately €50 million in [[Definition:Gross written premium (GWP) |GWP]] in 2025 on roughly €69.8 million in cumulative equity funding.

|3 = {{#if:{{{bullet|}}}|* }}🏢 '''Stoïk''' is a Paris-based cyber-focused [[Definition:Managing general agent (MGA) |managing general agent]] founded in June 2021 that integrates insurance [[Definition:Delegated underwriting authority |underwriting delegation]], embedded prevention and detection, and in-house [[Definition:Incident response |incident response]] under a single platform. Operating across France, Germany, Austria, Spain, Luxembourg, and Belgium, the company protects more than 10,000 companies through a broker-centric distribution model with over 2,000 partners. Stoïk reached approximately €50 million in [[Definition:Gross written premium (GWP) |gross written premium]] in 2025 and has raised roughly €69.8 million across five equity rounds, backed by investors including [[Definition:Andreessen Horowitz |Andreessen Horowitz]], Alven, [[Definition:Munich Re Ventures |Munich Re Ventures]], and Opera Tech Ventures.

|4 = {{#if:{{{bullet|}}}|* }}🏢 '''Stoïk''' is a Paris-based cyber-focused [[Definition:Managing general agent (MGA) |managing general agent]] founded in June 2021 that integrates insurance [[Definition:Delegated underwriting authority |underwriting delegation]], embedded prevention and detection, and in-house [[Definition:Incident response |incident response]]. The company operates across six European markets — France, Germany, Austria, Spain, Luxembourg, and Belgium — and protects more than 10,000 companies through over 2,000 [[Definition:Insurance broker |broker partners]]. Capacity is provided by [[Definition:Tokio Marine |Tokio Marine Europe S.A.]], [[Definition:Axeria IARD |Axeria IARD]], and [[Definition:Swiss Re |Swiss Re]].{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💰 '''Funding.''' Stoïk has raised approximately €69.8 million across five equity rounds from January 2022 through January 2026, with investors including [[Definition:Andreessen Horowitz |Andreessen Horowitz]], Alven, [[Definition:Munich Re Ventures |Munich Re Ventures]], Opera Tech Ventures (BNP Paribas [[Definition:Corporate venture capital |corporate VC]]), and [[Definition:Tokio Marine HCC |Tokio Marine HCC International]]. The January 2026 [[Definition:Series C |Series C]] of €20 million, co-led by Impala and Opera Tech Ventures, funds planned headcount growth from 130 to 200 employees and continued European expansion.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🛡️ '''Product.''' The platform bundles [[Definition:Cyber insurance |cyber insurance]] covering [[Definition:Business interruption insurance |business interruption]], [[Definition:Cyber fraud |cyber fraud]], [[Definition:Crisis management |crisis management]], and [[Definition:Third-party liability |third-party liability]] with Stoïk Protect (external and internal [[Definition:Vulnerability scanning |vulnerability scanning]], [[Definition:Phishing simulation |phishing]] simulation]]) and Stoïk MDR ([[Definition:Managed detection and response (MDR) |managed detection and response]] built on [[Definition:CrowdStrike |CrowdStrike]] [[Definition:Endpoint detection and response (EDR) |CrowdStrike EDR]]). Gross written premium reached approximately €50 million in 2025, with [[Definition:Net revenue |net revenue]] growing over 200 percent year-over-year, while the company onboards around 600 new companies each month.

|5 = {{#if:{{{bullet|}}}|* }}🏢 '''Stoïk''' is a Paris-based cyber-focused [[Definition:Managing general agent (MGA) |managing general agent]] founded on 1 June 2021 that integrates insurance [[Definition:Delegated underwriting authority |underwriting delegation]], embedded prevention and detection, and in-house [[Definition:Incident response |incident response]] under a single platform. Registered as a simplified joint stock company (SAS) under RCS Paris number 900 293 887, the company positions itself as Europe's first cyber MGA. Capacity is provided by [[Definition:Tokio Marine |Tokio Marine Europe S.A.]] (A+, S&P), [[Definition:Axeria IARD |Axeria IARD]] (A-, [[Definition:AM Best |AM Best]]), and [[Definition:Swiss Re |Swiss Re]].{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🌍 '''European footprint.''' Stoïk operates across six markets — France, Germany, Austria, Spain, Luxembourg, and Belgium — with offices in Paris, Munich, Madrid, and Vienna. The Spanish business is conducted through Stoik Iberia, S.L. under DGSFP MGA authorization, while Belgium was entered in September 2025 through the acquisition of [[Definition:CyberContract |CyberContract]], the company's first external growth operation.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}👥 '''Leadership.''' The company was co-founded by Jules Veyrat (President/CEO), Alexandre Andreini (Risk Director, former Wavestone consultant), Nicolas Sayer (Technical Director), and Philippe Mangematin (Insurance Director, [[Definition:Actuary |actuary]], former Swiss Re, [[Definition:Seyna |Seyna]] co-founder). Franziska Geier leads the German operations as Managing Director of Stoïk GmbH after a decade at [[Definition:Markel Corporation |Markel]], while Vincent Nguyen serves as Director of Cybersecurity.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💰 '''Funding.''' Stoïk has raised approximately €69.8 million across five equity rounds from January 2022 through January 2026. Key rounds include the June 2022 [[Definition:Series A |Series A]] of €11 million led by [[Definition:Andreessen Horowitz |Andreessen Horowitz]], the October 2024 [[Definition:Series B |Series B]] of €25 million led by Alven, and the January 2026 [[Definition:Series C |Series C]] of €20 million co-led by Impala and Opera Tech Ventures. Strategic insurance investors include [[Definition:Munich Re Ventures |Munich Re Ventures]] and [[Definition:Tokio Marine HCC |Tokio Marine HCC International]], which also serves as a [[Definition:Capacity |capacity]] partner.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}📊 '''Scale.''' The company protects more than 10,000 companies and works with over 2,000 [[Definition:Insurance broker |broker partners]], covering around 600 new companies each month. Gross written premium reached approximately €50 million in 2025, with [[Definition:Net revenue |net revenue]] growing over 200 percent year-over-year. Headcount exceeded 130 employees as of early 2026, with plans to scale to 200 within 12 months.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🛡️ '''Product and coverage.''' The insurance offering covers [[Definition:Business interruption insurance |business interruption]], [[Definition:Ransomware |cyber ransom]], [[Definition:Breach notification costs |notification costs]], [[Definition:Cyber fraud |cyber fraud]], [[Definition:Crisis management |crisis management]], and [[Definition:Third-party liability |third-party data liability]]. A June 2024 conditions update expanded covered triggers to include [[Definition:Human error |human error]], [[Definition:Social engineering fraud |social engineering fraud]], and malicious insider acts, while adding guarantees for administrative investigations, [[Definition:PCI DSS |PCI DSS]] sanctions, and post-attack IT improvement costs. Policyholders using Stoïk Protect receive a 25 percent [[Definition:Deductible |deductible]] reduction.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🔐 '''Cybersecurity services.''' Stoïk Protect, included in the insurance contract, provides weekly external [[Definition:Attack surface |attack surface]] audits, internal cloud and [[Definition:Active Directory |Active Directory]] configuration analysis, and [[Definition:Phishing simulation |phishing simulation]] simulation with ongoing training. Stoïk MDR pairs [[Definition:Managed detection and response (MDR)CrowdStrike |MDRCrowdStrike]] pairs [[Definition:Endpoint detection and response (EDR) |CrowdStrike EDR]] with continuous monitoring by in-house cyber experts, offering a 15 percent [[Definition:Premium |premium reduction]] upon implementation. [[Definition:Computer emergency response team (CERT) |CERT]]-Stoïk provides 24/7 incident response with defined triage, coordination, and resolution services.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🤝 '''Distribution and partnerships.''' Stoïk operates a broker-centric model with a fully digital broker platform supporting online quoting, underwriting, [[Definition:Policy administration |policy management]], and performance monitoring. The [[Definition:Underwriting appetite |underwriting appetite]] spans companies with turnover up to €1 billion and [[Definition:Coverage limit |coverage limits]] up to €10 million, with broad sector coverage excluding activities such as weapons, gambling, cryptocurrency, and airports.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🚀 '''Strategy.''' Disclosed priorities include continued European expansion with emphasis on Central and Southern Europe, increased investment in proprietary AI capabilities and AI agents, and product diversification through combined [[Definition:Professional liability insurance |professional liability]] plus cyber (Cyber Pro IT) and broker-distributed MDR. The CyberContract acquisition signals an appetite for inorganic market consolidation across the European [[Definition:Cyber insurance |cyber insurance]] landscape.