Definition:Cogitanda
🏢 Cogitanda is a Germany-origin cyber insurance MGA (Assekuradeur) founded in 2016 that operates under delegated authority, placing cyber coverage with multiple external risk carriers while providing end-to-end claims management and cyber risk prevention services. The company's pre-insolvency group comprised five German entities spanning underwriting, claims, prevention, and managed services. Following the sudden death of founder Jörg Wälder in 2023 and subsequent economic distress, the group entered insolvency in November 2024 and was acquired via asset deal by DGC AG in March 2025, with the brand retained and operations continuing from Flensburg.
📦 Products and capacity. The legacy product family centers on Cyber Pro+, a modular offering with five coverage groups spanning reputational harm, cybercrime losses, data and system restoration, business interruption, and liability. Post-acquisition, the CYBERPROTECTION product was launched with digital application workflows, tiered structuring (Smart, Advanced, Extended), and a built-in risk assessment check. Capacity is provided by SV SparkassenVersicherung and Württembergische Versicherung for domestic business, and by Everest Insurance and IQUW for an expanded mid-market segment covering clients with revenues up to €250 million and policy limits up to €7.5 million.
⚠️ Risks and outlook. Key risk factors include strong dependency on third-party capacity providers, systemic cyber aggregation exposure, war exclusion and attribution dispute risk, and post-insolvency integration challenges under a new group governance model. Historical key-person risk was sharply demonstrated by the founder's death as a direct precursor to insolvency. Cogitanda's post-acquisition strategy centers on its combined cybersecurity and insurance proposition, leveraging DGC's security operations infrastructure and a digitized underwriting workflow to rebuild and grow the business.
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