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Stoïk partners with Tokio Marine HCC International to expand cyber insurance offerings

Oct 15, 2024•over 1 year ago

Contract Type

partnership

United StatesInsurance

Description

Stoïk, a leading French cyber insurance company, has announced a new partnership with Tokio Marine HCC International, a specialty insurance group based in Houston, Texas, to enhance its cyber insurance offerings. The partnership aims to strengthen Stoïk's position in the European cyber insurance space, with plans for distribution expansion and team growth.

Company Information

Company

Stoïk

Location

United States

About

So the company just announced that it plans to expand to Germany as its second country with Franziska Geier heading the team there. The company also raised another $10.7 million (€10 million) to help with this market expansion. The company can compensate for loss of revenue (gross operating margin) during an incident. The company doesn’t sell its insurance product on its website anymore.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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