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🌳 Baobab Insurance is a Berlin-based insurtech managing general agent specializing in cyber insurance, e-crime, and IT liability, operating as a Lloyd's coverholder with delegated underwriting authority. The company distributes through brokers across Germany, Austria, and the Benelux, serving customer segments ranging from SMEs to industrial clients with annual revenue up to €1B. Baobab has raised €20.1M in total venture funding through a June 2025 Series A led by Viola FinTech and eCAPITAL Entrepreneurial Partners, and employs approximately 30 people. Its AI-native underwriting platform integrates continuous monitoring, weekly scanning, and bundled prevention services with cyber insurance placement across multiple carriers including Zurich Insurance Europe AG, ERGO, Liberty Specialty Markets, and several Lloyd's syndicates.

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-|1 = {{#if:{{{bullet|}}}|* }}Berlin-based cyber insurtech MGA, broker-distributed, AI-native underwriting, SME-to-industrial, €20.1M raised, multi-carrier Lloyd's coverholder
+|1 = {{#if:{{{bullet|}}}|* }}Berlin-based cyber [[Definition:Insurtech |insurtech]] [[Definition:Managing general agent (MGA) |MGA]], broker-distributed, AI-native underwriting, [[Definition:Small and medium-sized enterprise (SME) |SME]]-to-industrial, €20.1M raised, multi-carrier Lloyd's [[Definition:Coverholder |coverholder]]
-|2 = {{#if:{{{bullet|}}}|* }}Baobab Insurance is a Berlin-domiciled technology-enabled cyber MGA and Lloyd's coverholder distributing through brokers across Germany, Austria, and the Benelux, with AI-native underwriting for SME through industrial clients up to €1B revenue and €20.1M in total venture funding through a June 2025 Series A.
+|2 = {{#if:{{{bullet|}}}|* }}Baobab Insurance is a Berlin-domiciled technology-enabled cyber [[Definition:Managing general agent (MGA) |MGA]] and Lloyd's [[Definition:Coverholder |coverholder]] distributing through [[Definition:Insurance broker |brokers]] across Germany, Austria, and the Benelux, with AI-native underwriting for [[Definition:Small and medium-sized enterprise (SME) |SME]] through industrial clients up to €1B revenue and €20.1M in total [[Definition:Venture capital |venture funding]] through a June 2025 [[Definition:Series A |Series A]].
-|3 = {{#if:{{{bullet|}}}|* }}🌳 '''Baobab Insurance''' is a Berlin-based insurtech managing general agent specializing in cyber insurance, e-crime, and IT liability, operating as a Lloyd's coverholder with delegated underwriting authority. The company distributes through brokers across Germany, Austria, and the Benelux, serving customer segments ranging from SMEs to industrial clients with annual revenue up to €1B. Baobab has raised €20.1M in total venture funding through a June 2025 Series A led by Viola FinTech and eCAPITAL Entrepreneurial Partners, and employs approximately 30 people. Its AI-native underwriting platform integrates continuous monitoring, weekly scanning, and bundled prevention services with cyber insurance placement across multiple carriers including Zurich Insurance Europe AG, ERGO, Liberty Specialty Markets, and several Lloyd's syndicates.
+|3 = {{#if:{{{bullet|}}}|* }}🌳 '''Baobab Insurance''' is a Berlin-based [[Definition:Insurtech |insurtech]] [[Definition:Managing general agent (MGA) |managing general agent]] specializing in [[Definition:Cyber insurance |cyber insurance]], [[Definition:E-crime insurance |e-crime]], and [[Definition:IT liability insurance |IT liability]], operating as a Lloyd's [[Definition:Coverholder |coverholder]] with [[Definition:Delegated underwriting authority |delegated underwriting authority]]. The company distributes through [[Definition:Insurance broker |brokers]] across Germany, Austria, and the Benelux, serving customer segments ranging from [[Definition:Small and medium-sized enterprise (SME) |SMEs]] to industrial clients with annual revenue up to €1B. Baobab has raised €20.1M in total [[Definition:Venture capital |venture funding]] through a June 2025 [[Definition:Series A |Series A]] led by [[Definition:Viola FinTech |Viola FinTech]] and [[Definition:eCAPITAL Entrepreneurial Partners |eCAPITAL Entrepreneurial Partners]], and employs approximately 30 people. Its AI-native underwriting platform integrates [[Definition:Continuous monitoring |continuous monitoring]], weekly scanning, and bundled prevention services with cyber insurance placement across multiple [[Definition:Insurance carrier |carriers]] including [[Definition:Zurich Insurance Group |Zurich Insurance Europe AG]], [[Definition:ERGO Group |ERGO]], [[Definition:Liberty Specialty Markets |Liberty Specialty Markets]], and several [[Definition:Lloyd's syndicate |Lloyd's syndicates]].
-|4 = {{#if:{{{bullet|}}}|* }}🌳 '''Baobab Insurance''' is a Berlin-domiciled insurtech managing general agent registered under German law as an insurance agent (§ 34d GewO) and appointed as a Lloyd's coverholder, specializing in cyber insurance, e-crime, and IT liability products. The company distributes through brokers across Germany, Austria, and the Benelux, targeting customer segments from SMEs (up to €200M revenue) through mid-market and upper industrial clients (up to €1B revenue via the SCOR Syndicate at Lloyd's). Baobab has raised €20.1M in total venture funding through a June 2025 Series A and employs approximately 30 people.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🤖 '''Underwriting and technology.''' Baobab positions its underwriting as AI-native and data-first, combining automated underwriting and dynamic pricing with continuous monitoring and a machine-learning risk model co-financed by Investitionsbank Berlin and the European Regional Development Fund. The flagship CyberSafe product covers first-party exposures including business interruption, data recovery, hardware damage, and cyber fraud, alongside third-party network security, privacy, and media liability. Bundled prevention services — weekly scanning, phishing simulation training, awareness programs, and a DIN SPEC 27076 cyber risk check — differentiate the offering from conventional cyber policies.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💼 '''Capacity and competitive positioning.''' Baobab places risk across multiple carriers and Lloyd's syndicates, including Zurich Insurance Europe AG, ERGO, Liberty Specialty Markets, Tokio Marine Kiln, Talbot Underwriting, Argenta Syndicate Management, and the SCOR Syndicate at Lloyd's. The January 2026 SCOR partnership extends CyberSafe underwriting capacity to companies with annual revenue up to €1B, signaling a deliberate upmarket trajectory from the company's SME origins. Within the European cyber MGA ecosystem, Baobab most closely compares to integrated models such as Coalition and At-Bay in the US and Stoïk and Eye Security in Europe.
+|4 = {{#if:{{{bullet|}}}|* }}🌳 '''Baobab Insurance''' is a Berlin-domiciled [[Definition:Insurtech |insurtech]] [[Definition:Managing general agent (MGA) |managing general agent]] registered under German law as an [[Definition:Insurance agent |insurance agent]] (§ 34d GewO) and appointed as a Lloyd's [[Definition:Coverholder |coverholder]], specializing in [[Definition:Cyber insurance |cyber insurance]], [[Definition:E-crime insurance |e-crime]], and [[Definition:IT liability insurance |IT liability]] products. The company distributes through [[Definition:Insurance broker |brokers]] across Germany, Austria, and the Benelux, targeting customer segments from [[Definition:Small and medium-sized enterprise (SME) |SMEs]] (up to €200M revenue) through mid-market and upper industrial clients (up to €1B revenue via the [[Definition:SCOR Syndicate at Lloyd's |SCOR Syndicate at Lloyd's]]). Baobab has raised €20.1M in total [[Definition:Venture capital |venture funding]] through a June 2025 [[Definition:Series A |Series A]] and employs approximately 30 people.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🤖 '''Underwriting and technology.''' Baobab positions its underwriting as AI-native and data-first, combining automated underwriting and [[Definition:Dynamic pricing |dynamic pricing]] with [[Definition:Continuous monitoring |continuous monitoring]] and a machine-learning [[Definition:Risk model |risk model]] co-financed by Investitionsbank Berlin and the European Regional Development Fund. The flagship CyberSafe product covers [[Definition:First-party coverage |first-party]] exposures including [[Definition:Business interruption insurance |business interruption]], [[Definition:Data recovery coverage |data recovery]], hardware damage, and [[Definition:Cyber fraud |cyber fraud]], alongside [[Definition:Third-party coverage |third-party]] network security, privacy, and [[Definition:Media liability |media liability]]. Bundled prevention services — weekly scanning, [[Definition:Phishing simulation |phishing simulation]] training, awareness programs, and a DIN SPEC 27076 cyber risk check — differentiate the offering from conventional cyber policies.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💼 '''Capacity and competitive positioning.''' Baobab places risk across multiple [[Definition:Insurance carrier |carriers]] and [[Definition:Lloyd's syndicate |Lloyd's syndicates]], including [[Definition:Zurich Insurance Group |Zurich Insurance Europe AG]], [[Definition:ERGO Group |ERGO]], [[Definition:Liberty Specialty Markets |Liberty Specialty Markets]], [[Definition:Tokio Marine Kiln |Tokio Marine Kiln]], [[Definition:Talbot Underwriting |Talbot Underwriting]], [[Definition:Argenta Syndicate Management |Argenta Syndicate Management]], and the SCOR Syndicate at Lloyd's. The January 2026 SCOR partnership extends CyberSafe underwriting capacity to companies with annual revenue up to €1B, signaling a deliberate upmarket trajectory from the company's SME origins. Within the European cyber MGA ecosystem, Baobab most closely compares to integrated models such as [[Definition:Coalition (insurtech) |Coalition]] and [[Definition:At-Bay |At-Bay]] in the US and [[Definition:Stoïk |Stoïk]] and [[Definition:Eye Security |Eye Security]] in Europe.
-|5 = {{#if:{{{bullet|}}}|* }}🌳 '''Baobab Insurance''' is a Berlin-domiciled insurtech managing general agent (Baobab Insurance GmbH) registered under German law as an insurance agent (§ 34d GewO) at IHK Berlin and appointed as a Lloyd's coverholder acting on behalf of Lloyd's Insurance Company S.A. The company was founded in 2021 by Vincenz Klemm (CEO) and Anton Foth (CTO), and operates from its Berlin headquarters with a branch in Rotterdam, Netherlands. Baobab specializes in cyber insurance, e-crime, and IT liability products distributed through brokers across Germany, Austria, and the Benelux.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🤖 '''AI-native underwriting.''' Baobab frames its underwriting as AI-native and data-first, combining automated underwriting, dynamic pricing, and continuous portfolio management with a machine-learning risk model co-financed by Investitionsbank Berlin and the European Regional Development Fund. The platform integrates continuous monitoring, weekly scanning, and vulnerability notification as core components of the customer experience. Investor communications and partner announcements consistently emphasize this technology-driven approach as a key differentiator.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🛡️ '''Product suite.''' The flagship CyberSafe product covers first-party exposures including business interruption (including cloud failure), data and system recovery, hardware damage, crisis communications, cyber fraud, and BYOD incidents, alongside third-party coverages spanning network security liability, privacy liability, media liability, PCI-DSS penalties, IP rights infringement, and contractual penalties. Embedded breach response services include forensic investigation, notification support, crisis management, and 24/7 emergency hotline access. Adjacent products include an e-crime insurance jointly launched with Liberty Specialty Markets (limits up to €5M) and an IT pecuniary loss liability cover with sums insured up to €15M.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🎯 '''Customer segments.''' Baobab's disclosed revenue thresholds indicate a product and authority trajectory progressing from SME-focused underwriting (companies up to €200M turnover) through mid-market (up to €500M via Lloyd's coverholder status) to upper industrial clients (up to €1B via the SCOR Syndicate at Lloyd's). This upmarket expansion is reinforced by capacity announcements emphasizing industrial clients and the upper industrial sector. Actual customer mix by band, policy count, and GWP contribution by segment are not publicly disclosed.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}📊 '''Distribution and expansion.''' Broker distribution is structurally central, supported by a broker portal with digital application and quotation flows, customer scanning views, risk visualization, and cyber expert support for broker meetings. Baobab launched in Germany in September 2022, expanded to Austria in March 2023, and became active in the Benelux as of November 2025. Multiple EEA supervisory listings evidence cross-border intermediary status across Lithuania, Estonia, and the Netherlands.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🏦 '''Capacity providers.''' Baobab places risk across multiple carriers and Lloyd's syndicates, identifying Zurich Insurance Europe AG as the primary risk carrier for its cyber offering, with additional relationships including ERGO, Liberty Specialty Markets, Tokio Marine Kiln, Talbot Underwriting, and Argenta Syndicate Management. The January 2026 SCOR partnership via the SCOR Syndicate at Lloyd's extends CyberSafe underwriting capacity to companies with annual revenue up to €1B in Germany and Austria. Quota share, excess of loss details, binder terms, and per-risk aggregate capacity are not publicly disclosed.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💰 '''Funding.''' Baobab has raised €20.1M in total venture funding across pre-seed (€3.5M, January 2022, led by Project A Ventures), seed (January 2023, led by Augmentum Fintech), and Series A (€12M, June 2025, led by Viola FinTech and eCAPITAL Entrepreneurial Partners). Series A proceeds were positioned for building an active risk mitigation platform, team growth, and expansion to additional EU markets within 12 months. Around the Series A, headcount stood at approximately 30 employees.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🔍 '''Competitive positioning.''' Within the cyber MGA ecosystem, Baobab most closely resembles an integrated European model combining broker-led distribution and embedded cyber services, comparable to Coalition and At-Bay in the US and Stoïk and Eye Security in Europe. The company's distinct signal is its progression to higher revenue bands via Lloyd's-related authority and the SCOR partnership. Investor communications describe loss ratios significantly below market average, though quantitative GWP, policy count, and financial metrics are not publicly disclosed.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}⚠️ '''Risk factors.''' Key risks include capacity dependency (premium concentration on undisclosed carrier splits), systemic cyber aggregation as eligibility bands expand to €1B revenue, regulatory and conduct risk in cross-border operations, competitive pressure from well-capitalized peers and incumbent carriers, and execution risk as post-Series A expansion plans require scaling underwriting, claims, security services, and multi-jurisdiction regulatory compliance simultaneously.
+|5 = {{#if:{{{bullet|}}}|* }}🌳 '''Baobab Insurance''' is a Berlin-domiciled [[Definition:Insurtech |insurtech]] [[Definition:Managing general agent (MGA) |managing general agent]] (Baobab Insurance GmbH) registered under German law as an [[Definition:Insurance agent |insurance agent]] (§ 34d GewO) at IHK Berlin and appointed as a Lloyd's [[Definition:Coverholder |coverholder]] acting on behalf of [[Definition:Lloyd's Insurance Company S.A. |Lloyd's Insurance Company S.A.]] The company was founded in 2021 by Vincenz Klemm (CEO) and Anton Foth (CTO), and operates from its Berlin headquarters with a branch in Rotterdam, Netherlands. Baobab specializes in [[Definition:Cyber insurance |cyber insurance]], [[Definition:E-crime insurance |e-crime]], and [[Definition:IT liability insurance |IT liability]] products distributed through [[Definition:Insurance broker |brokers]] across Germany, Austria, and the Benelux.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🤖 '''AI-native underwriting.''' Baobab frames its underwriting as AI-native and data-first, combining automated underwriting, [[Definition:Dynamic pricing |dynamic pricing]], and continuous portfolio management with a machine-learning [[Definition:Risk model |risk model]] co-financed by Investitionsbank Berlin and the European Regional Development Fund. The platform integrates [[Definition:Continuous monitoring |continuous monitoring]], weekly scanning, and vulnerability notification as core components of the customer experience. Investor communications and partner announcements consistently emphasize this technology-driven approach as a key differentiator.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🛡️ '''Product suite.''' The flagship CyberSafe product covers [[Definition:First-party coverage |first-party]] exposures including [[Definition:Business interruption insurance |business interruption]] (including cloud failure), data and system recovery, hardware damage, [[Definition:Crisis communications coverage |crisis communications]], [[Definition:Cyber fraud |cyber fraud]], and BYOD incidents, alongside [[Definition:Third-party coverage |third-party]] coverages spanning [[Definition:Network security liability |network security liability]], [[Definition:Privacy liability |privacy liability]], [[Definition:Media liability |media liability]], [[Definition:PCI-DSS |PCI-DSS]] penalties, IP rights infringement, and contractual penalties. Embedded [[Definition:Breach response |breach response]] services include [[Definition:Forensic investigation (cyber) |forensic investigation]], notification support, crisis management, and 24/7 emergency hotline access. Adjacent products include an e-crime insurance jointly launched with [[Definition:Liberty Specialty Markets |Liberty Specialty Markets]] (limits up to €5M) and an IT pecuniary loss liability cover with sums insured up to €15M.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🎯 '''Customer segments.''' Baobab's disclosed revenue thresholds indicate a product and authority trajectory progressing from [[Definition:Small and medium-sized enterprise (SME) |SME]]-focused underwriting (companies up to €200M turnover) through mid-market (up to €500M via Lloyd's coverholder status) to upper industrial clients (up to €1B via the [[Definition:SCOR Syndicate at Lloyd's |SCOR Syndicate at Lloyd's]]). This upmarket expansion is reinforced by capacity announcements emphasizing industrial clients and the upper industrial sector. Actual customer mix by band, policy count, and [[Definition:Gross written premium (GWP) |GWP]] contribution by segment are not publicly disclosed.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}📊 '''Distribution and expansion.''' Broker distribution is structurally central, supported by a [[Definition:Broker portal |broker portal]] with digital application and quotation flows, customer scanning views, risk visualization, and cyber expert support for broker meetings. Baobab launched in Germany in September 2022, expanded to Austria in March 2023, and became active in the Benelux as of November 2025. Multiple EEA supervisory listings evidence [[Definition:Cross-border insurance |cross-border]] intermediary status across Lithuania, Estonia, and the Netherlands.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🏦 '''Capacity providers.''' Baobab places risk across multiple [[Definition:Insurance carrier |carriers]] and [[Definition:Lloyd's syndicate |Lloyd's syndicates]], identifying [[Definition:Zurich Insurance Group |Zurich Insurance Europe AG]] as the primary [[Definition:Risk carrier |risk carrier]] for its cyber offering, with additional relationships including [[Definition:ERGO Group |ERGO]], Liberty Specialty Markets, [[Definition:Tokio Marine Kiln |Tokio Marine Kiln]], [[Definition:Talbot Underwriting |Talbot Underwriting]], and [[Definition:Argenta Syndicate Management |Argenta Syndicate Management]]. The January 2026 SCOR partnership via the SCOR Syndicate at Lloyd's extends CyberSafe underwriting capacity to companies with annual revenue up to €1B in Germany and Austria. Quota share, [[Definition:Excess of loss |excess of loss]] details, [[Definition:Binder (insurance) |binder]] terms, and [[Definition:Per-risk |per-risk]] [[Definition:Aggregate capacity |aggregate capacity]] are not publicly disclosed.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💰 '''Funding.''' Baobab has raised €20.1M in total [[Definition:Venture capital |venture funding]] across [[Definition:Pre-seed funding |pre-seed]] (€3.5M, January 2022, led by [[Definition:Project A Ventures |Project A Ventures]]), [[Definition:Seed funding |seed]] (January 2023, led by [[Definition:Augmentum Fintech |Augmentum Fintech]]), and [[Definition:Series A |Series A]] (€12M, June 2025, led by [[Definition:Viola FinTech |Viola FinTech]] and [[Definition:eCAPITAL Entrepreneurial Partners |eCAPITAL Entrepreneurial Partners]]). Series A proceeds were positioned for building an active risk mitigation platform, team growth, and expansion to additional EU markets within 12 months. Around the Series A, headcount stood at approximately 30 employees.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🔍 '''Competitive positioning.''' Within the cyber MGA ecosystem, Baobab most closely resembles an integrated European model combining broker-led distribution and embedded cyber services, comparable to [[Definition:Coalition (insurtech) |Coalition]] and [[Definition:At-Bay |At-Bay]] in the US and [[Definition:Stoïk |Stoïk]] and [[Definition:Eye Security |Eye Security]] in Europe. The company's distinct signal is its progression to higher revenue bands via Lloyd's-related authority and the SCOR partnership. Investor communications describe [[Definition:Loss ratio |loss ratios]] significantly below market average, though quantitative GWP, policy count, and financial metrics are not publicly disclosed.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}⚠️ '''Risk factors.''' Key risks include capacity dependency (premium concentration on undisclosed carrier splits), systemic [[Definition:Cyber aggregation risk |cyber aggregation]] as eligibility bands expand to €1B revenue, regulatory and conduct risk in cross-border operations, competitive pressure from well-capitalized peers and incumbent carriers, and execution risk as post-Series A expansion plans require scaling underwriting, [[Definition:Insurance claim |claims]], security services, and multi-jurisdiction regulatory compliance simultaneously.
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