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{{Infobox company
| name = BOXX Insurance
| legal_name = BOXX Insurance Inc.
| logo = Logo of BOXX Insurance.svg
| 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 (July 2025)
| 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 =
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| 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}}
 
{{More details}}
 
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== Corporate and regulatory profile ==
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{| 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" | Date
Line 35 ⟶ 107:
| 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"/>
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{| class="wikitable sortable" style="width:100%; font-size:0.85em"
|+ 🏡 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:right; width:7em" | Limit
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| 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"/>
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! scope="col" style="text-align:center" | Event
|-
| {{Start date|2018}} || Company launched.<ref name="boxx-seriesa"/>
|-
| {{Start date|2020}} || Founders discuss building a cyber-focused insurtech with a broker-centric digital platform experience.<ref name="keymedia"/>
|-
| {{Start date|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-|10-|01}} || U.S. expansion announced; Hilario Itriago appointed President of BOXX USA.<ref name="boxx-usa"/>
|-
| {{Start date|2022-|11-|08}} || Acquisition of Templarbit announced; founder joins BOXX Labs.<ref name="boxx-templarbit"/>
|-
| {{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"/>
|-
| {{Start date|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-|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-|05}} || Personal cyber product partnership with Zurich announced in Switzerland.<ref name="boxx-zurich-ch"/>
|-
| {{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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== GlossarySee also ==
* [[Cyber insurtech MGAs and underwriting agencies]]
 
📖 '''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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