In 2021, visionaries Jules Veyrat, Alexandre Andreini, Nicolas Sayer, and Philippe Mangematin came together to establish Stoïk, a pioneering Managing General Agent (MGA) in Europe. Stoïk's unique mission is to equip brokers with the tools they need to provide their clients with robust cyber risk insurance policies and protection. Let's explore the story and vision behind Stoïk and how it's reshaping the landscape of cyber insurance.

A Response to the Growing Cyber Threat

Stoïk was born out of a profound realization—the heightened vulnerability that small and mid-sized companies face in the digital age. The devastating impact of cyber risks on businesses prompted Stoïk's founders to take action.

Empowering Brokers: Bridging the Gap

Brokers play a crucial role in advising their customers on cyber coverage. However, finding comprehensive and easy-to-quote insurance has been a challenging task. Stoïk's primary mission is to provide brokers with the means to ensure and protect their customers against cyber risks effectively.

Simplified Access to Cyber Insurance and Expertise

Stoïk sets out to achieve its objectives through a three-pronged approach:

1. Simplified Underwriting Process: Stoïk's Broker Platform streamlines the underwriting process, making it more accessible and efficient for brokers.

2. Ongoing Prevention: The platform includes cybersecurity tools as part of the policy. This proactive approach helps clients mitigate risks and maintain a strong cybersecurity posture.

3. Efficient Claims Management: Stoïk boasts in-house incident response experts, ensuring fast and effective claims management. This level of expertise is invaluable in times of crisis.

A Win-Win Formula

Stoïk's formula is simple yet innovative, benefiting both broker partners and the company itself:

- For Broker Partners: Stoïk empowers broker partners to issue quotes within minutes, provides comprehensive cyber insurance policies, and offers top-tier support in the event of a claim. This not only enhances their services but also builds trust with clients.

- For Stoïk: The company's model allows it to develop a healthy portfolio of risks, effectively mitigating the volatility that has recently impacted the cyber insurance market. This balance ensures stability and resilience in an ever-evolving industry.

In conclusion, Stoïk is more than an insurance provider; it's a strategic partner for brokers and businesses alike. By simplifying access to cyber insurance, promoting proactive cybersecurity practices, and offering expert claims management, Stoïk is helping businesses fortify their digital defenses in the face of escalating cyber threats. In an age where cyber resilience is a must, Stoïk is a beacon of protection and empowerment.