Definition:Emergence Insurance

🛡️ Emergence Insurance is a Sydney-headquartered cyber insurance managing general agency and Lloyd's coverholder operating across Australia and New Zealand. Founded in March 2015 with strategic investment from Steadfast Group Limited and Hollard Insurance, the company writes policies under binding authority from Lloyd's underwriters led by Markel Syndicate 3000. Steadfast disclosed a 33.33% ownership interest as of FY2016.

📦 Products. The product suite spans SME to enterprise segments: Cyber Event Protection (CEP-005.1) offers limits of $250,000 to $10 million with worldwide territorial limits and 100% Lloyd's security, while Cyber Enterprise Solution (CES-003) targets businesses with more than $250 million in revenue. Both products employ a hybrid trigger structure combining discovery-and-notification for first-party covers with claims-made-and-reported framing for liability. Embedded incident response services do not erode the policy aggregate and carry no excess.

📬 Distribution and differentiation. Policies are available exclusively through insurance brokers, with a default commission of 15% and a selectable range of 0% to 25%. Policyholders receive bundled cybersecurity services at no extra cost, including vCISO advisory, real-time threat notifications, dark web monitoring, and internet-facing infrastructure scanning. The strategic trajectory has expanded from SME-first positioning at launch to an explicit enterprise offering supported by in-house underwriting, claims, incident response, and technology functions.

Related concepts:

• Definition:Cyber insurance
• Definition:Managing general agent (MGA)
• Definition:Lloyd's coverholder
• Definition:Binding authority
• Definition:Claims-made policy
• Definition:Cyber aggregation risk