Definition:Onda

🌐 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.

🏗️ 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.

🖥️ 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.

Related concepts:

• Definition:Cyber insurance
• Definition:Managing general agent (MGA)
• Definition:Coverholder
• Definition:Surplus lines
• Definition:Underwriting capacity
• Definition:Cyber risk