Converge Insurance

About

Converge is a modern managing general agent that fuses cyber insurance, security and technology to provide businesses with clear, confident cyber protection. Founded in 2021 and headquartered in New York, this insurtech innovator deploys a proprietary data ecosystem underpinned by expert underwriting to deliver high-value risk strategies with improved outcomes. The company brings cyber risk coverage to broker-partners across the United States through its ConvergeElements™ Insurance Policy, which provides comprehensive protection for data breaches, ransomware, technology errors and omissions, and media liability. What sets Converge apart is its adversary-focused underwriting methodology and technology-driven approach. The company combines specialized underwriting expertise with advanced AI tools and a proprietary Converge Fusion Report that proactively assesses policyholders' current and future cyber risk. Converge's philosophy is that insurance needs the right elements and a personalized approach to mitigate risk - by partnering with policyholders to precisely formulate their business needs, they enable organizations to confidently become cyber secure. With $15 million in Series A funding from Forgepoint Capital, Converge continues to scale its platform and expand its impact in the cyber insurance market.