Converge Insurance

About

Converge Insurance is an insurtech company based in New York, specializing in cyber insurance. Founded in 2021, it operates as a managing general agent (MGA) and provides cyber risk coverage primarily through broker-partners. The company combines advanced underwriting, proprietary data ecosystems, and AI-driven technology to offer personalized risk protection for businesses across the U.S. Converge is backed by partners like QBE and Obsidian Insurance Group, enhancing its underwriting capacity. The flagship product, ConvergeElements™ Cyber Insurance Policy, offers comprehensive coverage against cyber threats such as data breaches and ransomware. Key features include specialized underwriting, innovative technology for risk assessment, and a streamlined quoting process for brokers. Converge focuses on proactive risk mitigation and employs a dedicated in-house claims handling team to ensure efficient service. With a commitment to addressing the needs of businesses up to $1 billion in revenue, Converge Insurance is positioned to provide robust financial protection against technology failures and cyber events.