Measured Analytics and Insurance
{{#invoke:infobox|infoboxTemplate|child= | bodyclass = vcard
| above =
| subheader = Measured Analytics and Insurance, Inc. | subheaderstyle = font-weight:bold; font-size:105%;
| image = {{#invoke:InfoboxImage|InfoboxImage|image=Logo of Measured Analytics and Insurance.svg|size=|sizedefault=frameless|alt=Logo of Measured Analytics and Insurance}} | caption =
| header1 = Corporate identity
| label2 = Type | data2 = Private — cyber insurance MGA | class2 = category
| label3 = Traded as | data3 =
| label4 = ISIN | data4 =
| label5 = LEI | data5 =
| label6 = Registration number | data6 =
| label7 = Regulated | data7 =
| label8 = License type | data8 = Excess line broker (New York)
| label9 = NPN | data9 =
| label10 = Coverholder reference | data10 =
| label11 = License number | data11 =
| label12 = Incorporation | data12 = Delaware
| label13 = Founded | data13 = 2018{{#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Start date and age with unknown parameter "_VALUE_"|showblankpositional=1| 1 | 2 | 3 | br | df | end | p | paren }}
| label14 = Headquarters | data14 = Salt Lake City, Utah | class14 = label
| label15 = Country | data15 =
| label16 = Domicile | data16 = United States
| label17 = Licensed jurisdictions | data17 = United States
| label18 = Regulator | data18 = New York Department of Financial Services (excess line broker listing)
| label19 = Ultimate parent | data19 =
| label20 = Major shareholders
| data20 = Signal Peak Ventures
Origin Ventures
Royal Street Ventures
Silicon Valley Data Capital
AV8 Ventures
| label21 = Group status | data21 =
| label22 = Key people
| data22 = Jack Vines, CEO and founder
Vince McCarthy, President
Steven Anderson, Chief Underwriting Officer
Nick Little, Head of Insurance
| label23 = Number of employees | data23 =
| header24 = Business & markets
| label25 = Operating status | data25 =
| label26 = Customer segments | data26 = Small and midsize businesses with revenue under $500 million
| label27 = Lines of business | data27 = Cyber insurance
| label28 = Business segments | data28 =
| label29 = Main products & services
| data29 = CyberGuard 2023
CyberGuard Central
| label30 = Technology platform | data30 = AI-driven cyber underwriting platform with real-time security posture monitoring
| label31 = Capacity providers
| data31 = Canopius (A- Excellent, AM Best)
SCOR
| label32 = Distribution
| data32 = Wholesale broker networks
AWS Cyber Insurance Partner
| label33 = Geographic markets | data33 = United States
| label34 = Branches | data34 =
| label35 = Customers served | data35 =
| label36 = Competitors | data36 =
| label37 = Market share rank | data37 =
| header38 = Key financials
| label39 = Currency | data39 =
| label40 = Market cap | data40 =
| label41 = Revenue | data41 =
| label42 = Insurance revenue | data42 =
| label43 = Operating income | data43 =
| label44 = EBITDA | data44 =
| label45 = Net income | data45 =
| label46 = Gross written premium | data46 =
| label47 = Net written premium | data47 =
| label48 = Loss ratio | data48 =
| label49 = Combined ratio | data49 =
| label50 = Commission / MGA fee | data50 =
| label51 = Total assets | data51 =
| label52 = Invested assets | data52 =
| label53 = Technical reserves | data53 =
| label54 = Contractual service margin | data54 =
| label55 = Net debt | data55 =
| label56 = Equity | data56 =
| label57 = Operating margin | data57 =
| label58 = Solvency ratio | data58 =
| label59 = Return on equity | data59 =
| label60 = Total funding raised | data60 =
| label61 = Last funding round | data61 = Second round led by Signal Peak Ventures, September 2021
| label62 = Last known valuation | data62 =
| label63 = Lead investors | data63 = Signal Peak Ventures
| label64 = Capital structure | data64 =
| label65 = Insurer financial strength | data65 =
| label66 = Capacity partner ratings | data66 = Canopius: A- (Excellent), AM Best
| label67 = External ratings | data67 =
| data68 =
}}{{#invoke:Check for unknown parameters|check|unknown=|preview = Page using Template:Infobox company with unknown parameter "_VALUE_"|ignoreblank=y | address | alt | branches | capacity_partner_ratings | capacity_providers | capital_structure | caption | child | combined_ratio | commission_rate | competitors | country | coverholder_ref | csm | currency | customer_segments | distribution | domicile | ebitda | embed | equity | exchange | financial_year | footnotes | founded | geographic_markets | group_status | gwp | headquarter | headquarters | ifsr | image | image_size | imagesize | incorporated | incorporation | insurance_jurisdictions | insurance_revenue | invested_assets | isin | key_people | last_round | last_valuation | lead_investors | legal_name | lei | license_number | license_type | lines_of_business | logo | logo_alt | logo_caption | logo_size | loss_ratio | market_cap | market_share_rank | markets_served | name | net_debt | net_income | npn | num_customers | num_employees | nwp | operating_income | operating_margin | operating_status | parent | products | ratings | registered | registration_number | regulated | regulator | reporting_year | revenue | roe | segments | shareholders | shareholders_equity | solvency_ratio | status_in_group | supervisory_authority | technology_platform | technical_reserves | ticker | total_assets | total_funding | total_revenue | type | ultimate_parent }}
Template:Summary:Measured Analytics and Insurance
The following sections provide further details.
{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}
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.[1] 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.[2] Multiple company-sourced releases identify Salt Lake City, Utah, as the primary headquarters and operating location.[3]
📋 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.[4]
🔍 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.[5] 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.[6]
📐 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.[4]
{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}
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.[4]
🔗 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.[1] Partnerships emphasize small and midsize businesses as the core customer segment.[7]
🚫 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.[4]
{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}
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.[4][8]
💻 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.[4]
📊 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.[4]
⚖️ 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.[4]
🩺 Embedded services. All CyberGuard insureds receive virtual CISO consultancy services and active threat monitoring and alerting as standard embedded risk-mitigation features.[4]
{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}
Distribution and partnerships
📡 Distribution architecture. Measured distributes through exclusively licensed wholesale broker networks and accepts broker submissions and appointments through its product platform.[1] 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.[9]
🌐 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.[10]
🏦 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.[7] Product highlights reference Canopius's A- (Excellent) AM Best rating, and Canopius provides claims handling and breach response services for the CyberGuard 2023 product.[4]
🤝 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.[3]
- SecurityScorecard: insurance premium incentives linked to security ratings.[11]
- KnowBe4: discounted access to training products for insureds and premium discounts for KnowBe4 customers demonstrating strong human risk practices.[12]
- Tenable: cited as a partner in investor materials and third-party solution collateral.[10]
- Amazon Web Services: AWS Cyber Insurance Competency achieved, with AWS Security Hub-driven posture assessment integrated into the quoting workflow.[9]
{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}
Leadership
👤 Founder and CEO. Jack Vines serves as CEO and founder, identified in multiple company and partner communications.[1][4] Prior to founding Measured, Vines worked at Verisk, where he identified gaps in the cyber insurance landscape related to real-time security posture monitoring.[10]
👥 Senior leadership. Vince McCarthy serves as President, quoted publicly in CyberGuard 2023 launch communications.[13][14] Steven Anderson holds the role of Chief Underwriting Officer, announced via a GlobeNewswire hiring release.[15] 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.[13][15]
{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}
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.[1][16]
| 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.[7]
{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}
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.[7][4][9]
🏰 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.[4][9][7]
⚠️ 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.[7]
- Cyber aggregation: business interruption, system failure, and contingent business interruption coverages create exposure channels for systemic events.[4]
- 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.[14]
- Regulatory compliance: U.S. distribution via licensed brokers introduces multi-state licensing requirements, with at least one surplus lines register listing identified.[5]
- Go-to-market concentration: heavy emphasis on broker and ecosystem partner channels increases exposure to partner performance and program continuity.[3]
🔭 Strategic trajectory. Observable strategic pillars include analytics-driven underwriting, security-telemetry partnerships, bundled risk mitigation services, and scalable capacity partnerships.[7]
{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}
Company timeline
| Date | Event |
|---|---|
| 2018 | Company founded.[17] |
| 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.[1] |
| Nov 2021 | Insurance team expansion announced; Steven Anderson named Chief Underwriting Officer and Zach Atya named Director of Insurance.[15] |
| Nov 2021 | CyberGuard Central partner program launched for cybersecurity vendors, introducing a risk calculator and benchmarking tools.[14] |
| Jun 2023 | Canopius capacity partnership announced, joining long-standing SCOR support for SMB cyber insurance expansion in the U.S.[7] |
| Sep 2023 | SecurityScorecard alliance announced, linking security ratings to insurance premium incentives.[11] |
| Sep 2023 | CyberGuard 2023 product launched with revenue target of under $500 million and limits of $500,000–$5,000,000.[13] |
| Nov 2023 | AWS Cyber Insurance Competency achieved; AWS Security Hub-driven posture assessment integrated into quoting.[9] |
| Feb 2024 | KnowBe4 partnership announced, linking cybersecurity training access and premium incentives.[12] |
{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}
See also
{{safesubst:#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Center with unknown parameter "_VALUE_"|ignoreblank=y| 1 | style }}
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 3.0 3.1 3.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 5.0 5.1 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 7.0 7.1 7.2 7.3 7.4 7.5 7.6 7.7 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 9.0 9.1 9.2 9.3 9.4 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 10.0 10.1 10.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 11.0 11.1 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 12.0 12.1 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 13.0 13.1 13.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 14.0 14.1 14.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ 15.0 15.1 15.2 {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
- ↑ {{#invoke:citation/CS1|citation |CitationClass=web }}
{{#invoke:Check for unknown parameters|check|unknown=|preview=Page using Template:Reflist with unknown parameter "_VALUE_"|ignoreblank=y| 1 | colwidth | group | liststyle | refs }}