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🌐 Onda is a multi-jurisdictional cyber MGA platform founded in 2022, operating across the United Kingdom, France, and the United States through distinct regional distribution entities. The company distributes broker-facing cyber insurance for businesses with annual revenue up to $/£/€ 1 billion and maximum limits of $/£/€ 5 million, backed by capacity from Everest and Canopius (via Lloyd's) in Europe and Crum & Forster Specialty Insurance Company in the U.S. Onda's proprietary Navigator platform provides continuous cyber risk assessment, supply-chain oversight, and detection and auto-alert functionality, while the Threat Lab consulting service delivers threat intelligence to European clients.

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-|1 = {{#if:{{{bullet|}}}|* }}UK/France/U.S. broker-facing cyber MGA platform, Lloyd's coverholder, mid-market focus up to $/£/€ 1B revenue, Navigator insurability platform
+|1 = {{#if:{{{bullet|}}}|* }}UK/France/U.S. [[Definition:Insurance broker |broker-facing]] [[Definition:Managing general agent (MGA) |cyber MGA]] platform, [[Definition:Coverholder |Lloyd's coverholder]], [[Definition:Mid-market insurance |mid-market]] focus up to $/£/€ 1B revenue, Navigator [[Definition:Insurability |insurability]] platform
-|2 = {{#if:{{{bullet|}}}|* }}Onda is a multi-jurisdictional cyber MGA founded in 2022 operating as a Lloyd's coverholder across the UK, France, and the United States, distributing broker-facing cyber insurance for businesses with revenue up to $/£/€ 1 billion through its proprietary Navigator platform and capacity from Everest, Canopius, and Crum & Forster.
+|2 = {{#if:{{{bullet|}}}|* }}Onda is a multi-jurisdictional [[Definition:Managing general agent (MGA) |cyber MGA]] founded in 2022 operating as a [[Definition:Coverholder |Lloyd's coverholder]] across the UK, France, and the United States, distributing [[Definition:Insurance broker |broker-facing]] [[Definition:Cyber insurance |cyber insurance]] for businesses with revenue up to $/£/€ 1 billion through its proprietary Navigator platform and capacity from [[Definition:Everest Re Group |Everest]], Canopius, and [[Definition:Crum & Forster |Crum & Forster]].
-|3 = {{#if:{{{bullet|}}}|* }}🌐 '''Onda''' is a multi-jurisdictional cyber MGA platform founded in 2022, operating across the United Kingdom, France, and the United States through distinct regional distribution entities. The company distributes broker-facing cyber insurance for businesses with annual revenue up to $/£/€ 1 billion and maximum limits of $/£/€ 5 million, backed by capacity from Everest and Canopius (via Lloyd's) in Europe and Crum & Forster Specialty Insurance Company in the U.S. Onda's proprietary Navigator platform provides continuous cyber risk assessment, supply-chain oversight, and detection and auto-alert functionality, while the Threat Lab consulting service delivers threat intelligence to European clients.
+|3 = {{#if:{{{bullet|}}}|* }}🌐 '''Onda''' is a multi-jurisdictional [[Definition:Managing general agent (MGA) |cyber MGA]] platform founded in 2022, operating across the United Kingdom, France, and the United States through distinct regional distribution entities. The company distributes [[Definition:Insurance broker |broker-facing]] [[Definition:Cyber insurance |cyber insurance]] for businesses with annual revenue up to $/£/€ 1 billion and maximum limits of $/£/€ 5 million, backed by capacity from [[Definition:Everest Re Group |Everest]] and Canopius (via Lloyd's) in Europe and [[Definition:Crum & Forster |Crum & Forster Specialty Insurance Company]] in the U.S. Onda's proprietary Navigator platform provides continuous [[Definition:Cyber risk |cyber risk]] assessment, [[Definition:Supply chain risk |supply-chain oversight]], and detection and auto-alert functionality, while the Threat Lab consulting service delivers [[Definition:Threat intelligence |threat intelligence]] to European clients.
-|4 = {{#if:{{{bullet|}}}|* }}🌐 '''Onda''' is a multi-jurisdictional cyber MGA platform founded in 2022, operating across the United Kingdom, France, and the United States through distinct regional distribution entities: CKRe Limited (FCA-regulated) in the UK, Onda SAS (ORIAS/ACPR-supervised) in France, and Onda Insurance Services, Inc. (NPN 21439548) in the U.S. The company markets two primary products — Onda + for SMEs and lower mid-market and Onda X for mid-market businesses — with maximum limits of $/£/€ 5 million for policyholders with annual revenue up to $/£/€ 1 billion.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🏗️ '''Capacity structure.''' European underwriting capacity is provided through Lloyd's coverholder status, with Everest underwriting the Onda X mid-market product and Canopius Group providing renewed SME capacity in the UK and France. In the United States, insurance is issued by Crum & Forster Specialty Insurance Company (NAIC 44520) under a surplus lines framework. Onda operates exclusively as a broker-facing distributor and does not solicit insurance directly from the public.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🖥️ '''Technology and services.''' Onda's proprietary Navigator platform delivers multi-dimensional cyber risk assessments, continuous monitoring, live threat intelligence, and supply-chain oversight, with detection and auto-alert functionality built into every policy. Strategic partnerships with Panorays for real-time cyber risk assessment and Five Sigma for claims management platforming support the company's scaling and workflow automation priorities. The Threat Lab consulting service, built on internal telemetry monitoring systems developed by Onda AI, Inc., provides business threat intelligence exclusively to European clients.
+|4 = {{#if:{{{bullet|}}}|* }}🌐 '''Onda''' is a multi-jurisdictional [[Definition:Managing general agent (MGA) |cyber MGA]] platform founded in 2022, operating across the United Kingdom, France, and the United States through distinct regional distribution entities: CKRe Limited ([[Definition:Financial Conduct Authority (FCA) |FCA]]-regulated) in the UK, Onda SAS ([[Definition:ORIAS |ORIAS]]/[[Definition:ACPR |ACPR]]-supervised) in France, and Onda Insurance Services, Inc. (NPN 21439548) in the U.S. The company markets two [[Definition:Primary insurance |primary]] products — Onda + for [[Definition:Small and medium-sized enterprises (SMEs) |SMEs]] and lower [[Definition:Mid-market insurance |mid-market]] and Onda X for mid-market businesses — with maximum limits of $/£/€ 5 million for [[Definition:Policyholder |policyholders]] with annual revenue up to $/£/€ 1 billion.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🏗️ '''Capacity structure.''' European [[Definition:Underwriting capacity |underwriting capacity]] is provided through [[Definition:Coverholder |Lloyd's coverholder]] status, with [[Definition:Everest Re Group |Everest]] underwriting the Onda X mid-market product and [[Definition:Canopius Group |Canopius Group]] providing renewed SME capacity in the UK and France. In the United States, insurance is issued by [[Definition:Crum & Forster |Crum & Forster Specialty Insurance Company]] (NAIC 44520) under a [[Definition:Surplus lines |surplus lines]] framework. Onda operates exclusively as a [[Definition:Insurance broker |broker-facing]] distributor and does not solicit insurance directly from the public.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🖥️ '''Technology and services.''' Onda's proprietary Navigator platform delivers multi-dimensional [[Definition:Cyber risk |cyber risk]] assessments, [[Definition:Continuous monitoring |continuous monitoring]], live [[Definition:Threat intelligence |threat intelligence]], and [[Definition:Supply chain risk |supply-chain oversight]], with detection and auto-alert functionality built into every policy. Strategic partnerships with [[Definition:Panorays |Panorays]] for real-time cyber risk assessment and [[Definition:Five Sigma |Five Sigma]] for [[Definition:Claims management |claims management]] platforming support the company's scaling and workflow automation priorities. The Threat Lab consulting service, built on internal telemetry monitoring systems developed by Onda AI, Inc., provides business threat intelligence exclusively to European clients.
-|5 = {{#if:{{{bullet|}}}|* }}🌐 '''Onda''' is a multi-jurisdictional cyber MGA platform founded in 2022, providing broker-facing cyber insurance across the United Kingdom, France, and the United States. The company operates through distinct regional distribution entities supported by a separate U.S. technology entity, Onda AI, Inc., and holds Lloyd's coverholder status in Europe while using carrier paper from Crum & Forster Specialty Insurance Company in the United States. As of December 2023, Onda reported a headcount of 32 employees.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🏢 '''Entity structure.''' The operating entity map includes Onda Insurance Services, Inc. (Maryland-domiciled U.S. licensed producer and surplus lines broker, NPN 21439548), Onda SAS (Paris-headquartered France distributor, ORIAS 22005524, ACPR-supervised), CKRe Limited (FCA-authorized UK distribution partner, FRN 308735, Companies registration 03600683), and Onda AI, Inc. (Delaware-registered technology developer, Registered File 6827922). This multi-entity architecture enables jurisdictional compliance while centralizing technology and analytics through a single platform.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}👤 '''Leadership team.''' Alex Jomaa serves as Chief Underwriting Officer with prior senior cyber underwriting experience at Tokio Marine Kiln and Insurance Insider cyber rankings recognition, while Patrick Cannon serves as Chief Claims Officer with prior Head of Cyber Claims experience at Tokio Marine Kiln and claims leadership at Marsh. Gillian Harvey leads compliance as Group Head of Compliance with experience spanning Chubb, CFC Underwriting, HDI Global Specialty, and AmTrust Europe, and Kate Schulze serves as Head of Legal with prior experience at the U.S. Department of Justice and the SEC.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💼 '''Product architecture.''' Onda markets two primary cyber products: Onda + targeting SMEs and lower mid-market businesses with annual revenue up to £100 million (UK) and limits up to £5 million, and Onda X targeting mid-market businesses with annual revenue from £100 million to £1 billion with aggregate limits up to £5 million for primary or excess placements. In the United States, Onda X covers businesses with annual revenues between $50 million and $1 billion. Evidenced coverage elements include ransomware and cyber extortion with negotiation and payment facilitation, social engineering, system business interruption, data breaches, and reputational harm cover.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🏗️ '''Capacity providers.''' European underwriting capacity operates through Lloyd's, with Everest underwriting the Onda X mid-market product and Canopius Group providing renewed SME capacity in the UK and France. In the United States, Crum & Forster Specialty Insurance Company (NAIC 44520), a non-admitted surplus lines insurer domiciled in Delaware, serves as the issuing carrier. Onda explicitly notes the surplus lines status and the absence of guaranty-fund protection for U.S. policyholders.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🖥️ '''Technology platform.''' Navigator is Onda's proprietary cyber risk and insurability management platform, offering multi-dimensional risk assessments, continuous monitoring, live threat intelligence, and supply-chain oversight, with detection and auto-alert functionality built into every policy. The Threat Lab consulting service, available exclusively to European clients, is built using proprietary threat analytics and internal telemetry monitoring systems developed by Onda AI, Inc., supplemented by monthly reports and analyst briefings.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🤝 '''Strategic partnerships.''' Onda announced a two-year partnership with Panorays in October 2024 to integrate real-time cyber risk assessment, enabling a cyber risk engine combining internal network data, external attack surface data, and threat intelligence to reduce dependency on lengthy application forms. In November 2024, Five Sigma announced that Onda selected its Clive claims management platform to support multi-currency, configurable workflows for international scaling. Onda's UK complaints procedure routing to Lloyd's Insurance Company S.A. in Brussels indicates Lloyd's Europe's structural role in European program governance.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}⚠️ '''Risk factors.''' Key risks include capacity dependency given reliance on Everest, Canopius, and Crum & Forster; regulatory complexity spanning three jurisdictions with distinct supervisory frameworks; aggregation and correlation risk intrinsic to cyber portfolios serving mid-market insureds with interconnected ecosystems; and operational dependency on third-party technology integrations including Panorays and Five Sigma. Key-person concentration risk is elevated given the prominent role of underwriting and claims leadership in broker confidence without disclosed broader governance depth.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🧭 '''Strategy and milestones.''' Onda's strategy emphasizes simplifying cyber placement via technology, replacing lengthy forms with real-time risk data, and providing continuous risk insights alongside insurance protection, with three execution priorities: broadening mid-market relevance through Onda X, strengthening risk signal quality via telemetry and third-party integrations, and industrializing claims operations through platform automation. Key milestones include the October 2023 UK launch, the February 2024 London market entry as a Lloyd's-backed MGA, the March 2025 Onda X mid-market product launch underwritten by Everest, and the October 2025 U.S. launch with Crum & Forster backing.
+|5 = {{#if:{{{bullet|}}}|* }}🌐 '''Onda''' is a multi-jurisdictional [[Definition:Managing general agent (MGA) |cyber MGA]] platform founded in 2022, providing [[Definition:Insurance broker |broker-facing]] [[Definition:Cyber insurance |cyber insurance]] across the United Kingdom, France, and the United States. The company operates through distinct regional distribution entities supported by a separate U.S. technology entity, Onda AI, Inc., and holds [[Definition:Coverholder |Lloyd's coverholder]] status in Europe while using [[Definition:Carrier paper |carrier paper]] from [[Definition:Crum & Forster |Crum & Forster Specialty Insurance Company]] in the United States. As of December 2023, Onda reported a headcount of 32 employees.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🏢 '''Entity structure.''' The operating entity map includes Onda Insurance Services, Inc. (Maryland-domiciled U.S. [[Definition:Insurance producer |licensed producer]] and [[Definition:Surplus lines broker |surplus lines broker]], NPN 21439548), Onda SAS (Paris-headquartered France distributor, [[Definition:ORIAS |ORIAS]] 22005524, [[Definition:ACPR |ACPR]]-supervised), CKRe Limited ([[Definition:Financial Conduct Authority (FCA) |FCA]]-authorized UK distribution partner, FRN 308735, Companies registration 03600683), and Onda AI, Inc. (Delaware-registered technology developer, Registered File 6827922). This multi-entity architecture enables jurisdictional compliance while centralizing technology and analytics through a single platform.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}👤 '''Leadership team.''' Alex Jomaa serves as Chief Underwriting Officer with prior senior cyber underwriting experience at [[Definition:Tokio Marine Kiln |Tokio Marine Kiln]] and Insurance Insider cyber rankings recognition, while Patrick Cannon serves as Chief Claims Officer with prior Head of Cyber Claims experience at Tokio Marine Kiln and claims leadership at [[Definition:Marsh McLennan |Marsh]]. Gillian Harvey leads compliance as Group Head of Compliance with experience spanning [[Definition:Chubb Limited |Chubb]], [[Definition:CFC Underwriting |CFC Underwriting]], [[Definition:HDI Global |HDI Global Specialty]], and [[Definition:AmTrust Financial Services |AmTrust Europe]], and Kate Schulze serves as Head of Legal with prior experience at the U.S. Department of Justice and the SEC.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}💼 '''Product architecture.''' Onda markets two [[Definition:Primary insurance |primary]] cyber products: Onda + targeting [[Definition:Small and medium-sized enterprises (SMEs) |SMEs]] and lower [[Definition:Mid-market insurance |mid-market]] businesses with annual revenue up to £100 million (UK) and limits up to £5 million, and Onda X targeting mid-market businesses with annual revenue from £100 million to £1 billion with aggregate limits up to £5 million for primary or [[Definition:Excess insurance |excess placements]]. In the United States, Onda X covers businesses with annual revenues between $50 million and $1 billion. Evidenced coverage elements include [[Definition:Ransomware |ransomware]] and [[Definition:Cyber extortion |cyber extortion]] with negotiation and payment facilitation, [[Definition:Social engineering fraud |social engineering]], [[Definition:Business interruption insurance |system business interruption]], [[Definition:Data breach |data breaches]], and [[Definition:Reputational harm insurance |reputational harm cover]].{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🏗️ '''Capacity providers.''' European [[Definition:Underwriting capacity |underwriting capacity]] operates through Lloyd's, with [[Definition:Everest Re Group |Everest]] underwriting the Onda X mid-market product and [[Definition:Canopius Group |Canopius Group]] providing renewed SME capacity in the UK and France. In the United States, Crum & Forster Specialty Insurance Company (NAIC 44520), a [[Definition:Non-admitted insurance |non-admitted]] [[Definition:Surplus lines |surplus lines]] insurer domiciled in Delaware, serves as the [[Definition:Issuing carrier |issuing carrier]]. Onda explicitly notes the surplus lines status and the absence of [[Definition:Guaranty fund |guaranty-fund]] protection for U.S. [[Definition:Policyholder |policyholders]].{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🖥️ '''Technology platform.''' Navigator is Onda's proprietary [[Definition:Cyber risk |cyber risk]] and [[Definition:Insurability |insurability]] management platform, offering multi-dimensional risk assessments, [[Definition:Continuous monitoring |continuous monitoring]], live [[Definition:Threat intelligence |threat intelligence]], and [[Definition:Supply chain risk |supply-chain oversight]], with detection and auto-alert functionality built into every policy. The Threat Lab consulting service, available exclusively to European clients, is built using proprietary threat analytics and internal telemetry monitoring systems developed by Onda AI, Inc., supplemented by monthly reports and analyst briefings.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🤝 '''Strategic partnerships.''' Onda announced a two-year partnership with [[Definition:Panorays |Panorays]] in October 2024 to integrate real-time cyber risk assessment, enabling a cyber risk engine combining internal network data, external [[Definition:Attack surface |attack surface]] data, and threat intelligence to reduce dependency on lengthy application forms. In November 2024, [[Definition:Five Sigma |Five Sigma]] announced that Onda selected its Clive [[Definition:Claims management |claims management]] platform to support multi-currency, configurable workflows for international scaling. Onda's UK complaints procedure routing to [[Definition:Lloyd's Insurance Company S.A. |Lloyd's Insurance Company S.A.]] in Brussels indicates Lloyd's Europe's structural role in European program governance.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}⚠️ '''Risk factors.''' Key risks include capacity dependency given reliance on Everest, Canopius, and Crum & Forster; regulatory complexity spanning three jurisdictions with distinct supervisory frameworks; [[Definition:Aggregation risk |aggregation and correlation risk]] intrinsic to cyber portfolios serving mid-market insureds with interconnected ecosystems; and operational dependency on third-party technology integrations including Panorays and Five Sigma. Key-person concentration risk is elevated given the prominent role of underwriting and claims leadership in broker confidence without disclosed broader governance depth.{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}||{{pb}}}}{{#if:{{{bullet|}}}|* }}🧭 '''Strategy and milestones.''' Onda's strategy emphasizes simplifying cyber placement via technology, replacing lengthy forms with real-time risk data, and providing continuous risk insights alongside insurance protection, with three execution priorities: broadening mid-market relevance through Onda X, strengthening risk signal quality via telemetry and third-party integrations, and industrializing claims operations through platform automation. Key milestones include the October 2023 UK launch, the February 2024 London market entry as a Lloyd's-backed MGA, the March 2025 Onda X mid-market product launch underwritten by Everest, and the October 2025 U.S. launch with Crum & Forster backing.
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