Measured Analytics and Insurance

🛡️ Measured Analytics and Insurance is a Delaware-incorporated cyber insurance managing general agent founded in 2018 and headquartered in Salt Lake City, Utah. The company operates under a delegated authority model, underwriting through capacity partners rather than an owned balance sheet, and distributes via exclusively licensed wholesale broker networks. Measured Insurance Agency, LLC holds a New York Department of Financial Services excess line broker listing under identifier 1701465, with a registered address at 250 East 200 South, Suite 1600, Salt Lake City, UT 84111.

Measured Analytics and Insurance
Measured Analytics and Insurance, Inc.
Corporate identity
Type	Private — cyber insurance MGA
License type	Excess line broker (New York)
Incorporation	Delaware
Founded	2018 (2018)
Headquarters	Salt Lake City, Utah
Domicile	United States
Licensed jurisdictions	United States
Regulator	New York Department of Financial Services (excess line broker listing)
Major shareholders	Signal Peak Ventures Origin Ventures Royal Street Ventures Silicon Valley Data Capital AV8 Ventures
Key people	Jack Vines, CEO and founder Vince McCarthy, President Steven Anderson, Chief Underwriting Officer Nick Little, Head of Insurance
Business & markets
Customer segments	Small and midsize businesses with revenue under $500 million
Lines of business	Cyber insurance
Main products & services	CyberGuard 2023 CyberGuard Central
Technology platform	AI-driven cyber underwriting platform with real-time security posture monitoring
Capacity providers	Canopius (A- Excellent, AM Best) SCOR
Distribution	Wholesale broker networks AWS Cyber Insurance Partner
Geographic markets	United States
Key financials
Last funding round	Second round led by Signal Peak Ventures, September 2021
Lead investors	Signal Peak Ventures
Capacity partner ratings	Canopius: A- (Excellent), AM Best

🎯 Target market. CyberGuard materials target organizations with revenues under $500 million, spanning the upper-SME to mid-market spectrum. Product positioning includes primary and excess capability with limits of $500,000 to $5,000,000. All classes are considered, though an unfavorable appetite exists for crypto-exposed businesses, public administration, education, gambling, managed service providers, payment processors, social networks, and title agencies.

📋 CyberGuard 2023 coverage. The product provides first-party coverages including breach investigation costs, cyber extortion with no coinsurance, data and system restoration including bricking, business interruption including system failure and contingent business interruption, reputational harm, crisis communication, cryptojacking, and cybercrime. Third-party coverages include privacy and cybersecurity liability, digital media liability, regulatory liability, and PCI liability. Full limits apply to all insuring clauses except cybercrime (capped at $300,000) and contingent system failure (capped at 50% of aggregate).

⚖️ War and terrorism. The policy includes affirmative terrorism coverage and non-attribution-based war language, indicating a war exclusion framing that is not purely attribution-dependent. Claims handling and breach response are provided by Canopius, and all insureds receive virtual CISO consultancy and active threat monitoring as embedded services.

🏦 Capacity and distribution. Canopius (rated A- Excellent by AM Best) joined SCOR as a long-standing capacity provider to expand cyber insurance solutions for SMBs in the United States. Distribution operates through wholesale broker channels plus an AWS cloud ecosystem route, where Measured runs a quoting solution driven by AWS Security Hub posture assessments. The company achieved the AWS Cyber Insurance Competency in November 2023.

🤝 Technology partnerships. Strategic alliances integrate security telemetry with insurance pricing: Sophos offers premium reductions of up to 25% for MDR/endpoint customers, SecurityScorecard links security ratings to premium incentives, KnowBe4 provides discounted training and premium credits for strong human risk practices, and Tenable contributes vulnerability data. These partnerships create a data-integrated underwriting model that blends risk selection with active mitigation.

👤 Leadership. CEO and founder Jack Vines previously worked at Verisk, where he identified gaps in real-time security posture monitoring for cyber insurance. Vince McCarthy serves as President, Steven Anderson as Chief Underwriting Officer, Nick Little as Head of Insurance, and Zach Atya as Director of Insurance.

💰 Funding. The company closed a second round of funding in September 2021, led by Signal Peak Ventures and joined by Origin Ventures, Royal Street Ventures, Silicon Valley Data Capital, and AV8 Ventures. The amount raised was not publicly stated. Capacity-partnership communications reference a profitable growth positioning, but no GWP, loss ratio, revenue, or headcount metrics have been disclosed.

⚠️ Risk factors. Key structural risks include capacity dependency on Canopius and SCOR, cyber aggregation exposure through business interruption and contingent coverages, operational execution risk tied to continuous monitoring and data pipeline reliability, multi-state regulatory compliance obligations, and go-to-market concentration across broker and ecosystem partner channels. Observable strategic pillars center on analytics-driven underwriting, security-telemetry partnerships, bundled risk mitigation services, and scalable capacity arrangements.

The following sections provide further details.

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Corporate profile

🏢 Operating identity. Measured Analytics and Insurance operates publicly under the brand names "Measured Analytics and Insurance" and "Measured Insurance" across partnership announcements and press releases. The company is legally incorporated in Delaware as Measured Analytics and Insurance, Inc., as confirmed by U.S. court filings and Lloyd's coverholder records. Multiple company-sourced releases identify Salt Lake City, Utah, as the primary headquarters and operating location.

📋 MGA operating model. Measured describes itself as a cyber insurance managing general agent, underwriting via capacity providers rather than maintaining an owned balance sheet. This structure is consistent with a delegated authority model in which the MGA exercises binding authority on behalf of insurer partners.

🔍 Regulatory footprint. A New York Department of Financial Services published excess line broker listing includes Measured Insurance Agency, LLC, with identifier 1701465 and a registered address at 250 East 200 South, Suite 1600, Salt Lake City, UT 84111. An external press-distribution item referenced "coverholder status" with Lloyd's of London, although this could not be corroborated from an authoritative Lloyd's directory entry.

📐 Scale indicators. Measured's stated underwriting appetite targets organizations with revenue below $500 million, and limits offered range from $500,000 to $5,000,000 across primary and excess layers.

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Business model

🎯 Core proposition. Measured positions itself as an analytics- and AI-driven cyber underwriting platform paired with cyber insurance, delivered through capacity providers and broker distribution channels. CyberGuard materials explicitly target organizations with revenues under $500 million, a boundary that functionally spans upper-SME to mid-market segments.

🔗 Distribution signals. Several indicators point to a broker-led commercial program aligned to SMB and mid-market placements. Distribution operates through exclusively licensed wholesale broker networks, and product positioning includes primary and excess capability up to $5 million in limits, consistent with larger SMB and mid-market account sizes. Partnerships emphasize small and midsize businesses as the core customer segment.

🚫 Vertical appetite. CyberGuard 2023 highlights state that all classes are considered, but identify an unfavorable appetite for crypto-exposed businesses, public administration, education, gambling, managed service providers, payment processors, social networks, and title agencies.

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Product and coverage

🛡️ CyberGuard 2023. Measured's named product offering is CyberGuard 2023, launched with limits between $500,000 and $5,000,000. Claims handling and breach response services are provided by Canopius, indicating material dependence on carrier operational infrastructure.

💻 First-party coverages. The product features insuring clauses for breach investigation costs, cyber extortion (with no coinsurance), data restoration, system restoration including bricking, business interruption including system failure, contingent business interruption including system failure, reputational harm, crisis communication costs, and cryptojacking. A cybercrime module covers specified fraud vectors including fraudulent data entry, instruction, transfer, invoice manipulation, and telecommunications fraud.

📊 Sublimits. Full limits apply to all insuring clauses except cybercrime, which is capped at $300,000, and contingent system failure, which is capped at 50% of the aggregate.

⚖️ Third-party coverages. Liability coverages include privacy and cybersecurity liability, digital media liability, regulatory liability, and PCI liability. The product provides affirmative terrorism coverage and features non-attribution-based war language, indicating a war exclusion framing that is not purely attribution-dependent.

🩺 Embedded services. All CyberGuard insureds receive virtual CISO consultancy services and active threat monitoring and alerting as standard embedded risk-mitigation features.

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Distribution and partnerships

📡 Distribution architecture. Measured distributes through exclusively licensed wholesale broker networks and accepts broker submissions and appointments through its product platform. A cloud ecosystem distribution route operates through Amazon Web Services, where Measured runs a quoting solution that assesses AWS environments via AWS Security Hub as part of the AWS cyber insurance partner framework.

🌐 Geographic focus. Partnership releases and product positioning indicate a United States-focused operating region. An investor blog contains directional commentary suggesting expectations of broader geographic growth over time, but no documented regulatory expansion plan has been disclosed.

🏦 Capacity providers. Measured publicly announced a capacity partnership in which Canopius joined SCOR as a long-standing capacity provider, expanding cyber insurance solutions for SMBs in the United States. Product highlights reference Canopius's A- (Excellent) AM Best rating, and Canopius provides claims handling and breach response services for the CyberGuard 2023 product.

🤝 Technology partnerships. Measured maintains several strategic partnerships that integrate security telemetry with insurance pricing:

• Sophos: premium reduction of up to 25% for customers using Sophos MDR or endpoint products.
• SecurityScorecard: insurance premium incentives linked to security ratings.
• KnowBe4: discounted access to training products for insureds and premium discounts for KnowBe4 customers demonstrating strong human risk practices.
• Tenable: cited as a partner in investor materials and third-party solution collateral.
• Amazon Web Services: AWS Cyber Insurance Competency achieved, with AWS Security Hub-driven posture assessment integrated into the quoting workflow.

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Leadership

👤 Founder and CEO. Jack Vines serves as CEO and founder, identified in multiple company and partner communications. Prior to founding Measured, Vines worked at Verisk, where he identified gaps in the cyber insurance landscape related to real-time security posture monitoring.

👥 Senior leadership. Vince McCarthy serves as President, quoted publicly in CyberGuard 2023 launch communications. Steven Anderson holds the role of Chief Underwriting Officer, announced via a GlobeNewswire hiring release. Nick Little is identified as Head of Insurance in the CyberGuard 2023 launch release, and Zach Atya was named Director of Insurance in a 2021 senior leadership hire announcement.

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Funding and financial performance

💰 Funding. Measured announced the closing of a second round of funding in September 2021, led by Signal Peak Ventures and joined by Origin Ventures, Royal Street Ventures, Silicon Valley Data Capital, and AV8 Ventures. The amount raised was not publicly stated.

💵 Measured Analytics and Insurance, equity funding rounds, cumulative (USD)

Round	Date	Amount	Lead investor	Co-investors
Second round of funding	Sep 2021	—	Signal Peak Ventures	Origin Ventures; Royal Street Ventures; Silicon Valley Data Capital; AV8 Ventures

📈 Financial indicators. Capacity-partnership communications reference a "profitable growth" positioning, but no GWP, loss ratio, revenue, net income, policy count, or headcount metrics have been publicly disclosed.

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Competitive positioning

🧭 Market positioning. Measured aligns with a data-integrated cyber MGA model characterized by capacity-backed underwriting through Canopius and SCOR, embedded security posture signals from partner telemetry (AWS Security Hub, SecurityScorecard, Sophos MDR/endpoint, Tenable), and a value proposition blending underwriting with risk mitigation services including virtual CISO, active monitoring, and tool enablement via CyberGuard Central.

🏰 Competitive differentiation. Measured claims proprietary threat insights and inside-the-firewall data, emphasizing real-time posture monitoring as a data advantage. The AWS posture-assessment workflow indicates a productized underwriting experience tied to cloud control telemetry. Distribution combines wholesale broker networks with ecosystem partnerships through Sophos, SecurityScorecard, and KnowBe4. A multi-partner capacity arrangement with Canopius joining long-standing SCOR support reduces single-carrier dependency.

⚠️ Risk factors. Key structural risks include:

• Capacity dependency: the operating model depends on Canopius and SCOR, and any repricing, authority constraints, or non-renewal could impair growth.
• Cyber aggregation: business interruption, system failure, and contingent business interruption coverages create exposure channels for systemic events.
• Operational execution: the value proposition relies on continuous monitoring, partner integrations, and fast remediation, with execution dependent on data pipelines and customer adoption of recommended controls.
• Regulatory compliance: U.S. distribution via licensed brokers introduces multi-state licensing requirements, with at least one surplus lines register listing identified.
• Go-to-market concentration: heavy emphasis on broker and ecosystem partner channels increases exposure to partner performance and program continuity.

🔭 Strategic trajectory. Observable strategic pillars include analytics-driven underwriting, security-telemetry partnerships, bundled risk mitigation services, and scalable capacity partnerships.

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Company timeline

📅 Measured Analytics and Insurance, key corporate events, 2018–2024

Date	Event
2018	Company founded.
Sep 2021	Second round of funding closed, led by Signal Peak Ventures with Origin Ventures, Royal Street Ventures, Silicon Valley Data Capital, and AV8 Ventures.
Nov 2021	Insurance team expansion announced; Steven Anderson named Chief Underwriting Officer and Zach Atya named Director of Insurance.
Nov 2021	CyberGuard Central partner program launched for cybersecurity vendors, introducing a risk calculator and benchmarking tools.
Jun 2023	Canopius capacity partnership announced, joining long-standing SCOR support for SMB cyber insurance expansion in the U.S.
Sep 2023	SecurityScorecard alliance announced, linking security ratings to insurance premium incentives.
Sep 2023	CyberGuard 2023 product launched with revenue target of under $500 million and limits of $500,000–$5,000,000.
Nov 2023	AWS Cyber Insurance Competency achieved; AWS Security Hub-driven posture assessment integrated into quoting.
Feb 2024	KnowBe4 partnership announced, linking cybersecurity training access and premium incentives.

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See also

• Cyber insurtech MGAs and underwriting agencies

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