Baobab
Baobab Risk Solutions is a Berlin-based cyber insurance MGA integrating Cyber Safe, Crime, and IT liability insurance with proprietary Deep Scan risk assessment, MDR, and incident response, distributed through 1,000+ brokers to SMEs and mid-market companies across Germany, Austria, and Benelux.
- Company typePrivate
- Founded2021
- HeadquartersBerlin, Germany
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Baobab does
Baobab Risk Solutions (formerly Baobab Insurance, rebranded in 2026) is a Berlin-based cyber insurance Managing General Agent founded in 2021 by Vincenz Klemm (CEO) and Anton Foth (CTO). The company integrates three insurance products — Cyber Safe (cyber insurance), Crime (trust loss/social engineering), and oneIT-Protect (IT liability) — with five risk-solution services including Deep Scan, Dark Web Monitoring, Prevention Tools, Managed Detection & Response, and Incident Response Management. The platform is built on proprietary Deep Scan technology that performs continuous attack-surface analysis backed by a database of 300 million+ leaked data sets, enabling data-driven underwriting with 6x higher data density than traditional methods.
The broker-first distribution model serves more than 1,000 insurance brokers across Germany, Austria, and the Benelux region through a digital brokerage portal that generates offers in seconds with as few as 4 questions for SMEs up to €100M turnover. Coverage eligibility was expanded in January 2026 via a partnership with SCOR Syndicate at Lloyd's to include companies up to €1 billion in annual turnover. Underwriting capacity is provided by a panel of leading reinsurers including Lloyd's, Liberty, Argenta, SCOR, Talbot, Tokio Marine, Ergo, and Zurich. Baobab positions itself against traditional insurers by bundling active prevention and response services with passive coverage, claiming a 58x better loss ratio, 77% lower attack frequency, and 20x faster risk remediation than market averages.
The company has raised approximately €20.5 million across three rounds (€3.5M pre-seed 2021, €5M seed 2023, €12M Series A 2025) from Project A Ventures, La Famiglia, Discovery Ventures, eCapital, Viola Fintech, and Augmentum Fintech, with Allianz advisory board representation via former board member Christof Mascher. Headcount stands at 50+ after growing by approximately two-thirds in 2025, and the company is actively scaling into Benelux with a Rotterdam office and dedicated regional leadership.
Baobab firmographics
Firmographics- Name
- Baobab
- Legal name
- Baobab Insurance GmbH
- Website
- https://baobab.io
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Baobab Risk Solutions is a Berlin-based cyber insurance MGA integrating Cyber Safe, Crime, and IT liability insurance with proprietary Deep Scan risk assessment, MDR, and incident response, distributed through 1,000+ brokers to SMEs and mid-market companies across Germany, Austria, and Benelux.
- Ownership category
- akta.pro rank
Baobab industry classification
Industry- Product category
- Cyber Insurance
- NAICS
- Direct Property and Casualty Insurance Carriers (524126), Agencies, Brokerages, and Other Insurance Related Activities (5242)
- SIC
- Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Network Security & Privacy Liability (Third-Party) (FSAJAOAE)
- akta.pro secondary industries
- First-Party Cyber (Breach Response, Forensics, Notification, Credit Monitoring) (FSAJAOAF), Cyber Extortion / Ransomware Coverage (FSAJAOAH), Cyber Crime & Financial Loss (Computer Fraud, Invoice Manipulation) (FSAJAOAJ), Supply Chain / System Failure (Dependent BI, Cloud/Outsourcer Outage) (FSAJAOAL)
Keywords
Where Baobab is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Offices2 records
Markets served
Baobab business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Supply Chain, Infrastructure
Revenue model
- Cyber Insurance Premiums (Cyber Safe): Recurring insurance premiums for cyber coverage including first-party and third-party damages, business interruption, and integrated risk solutions. Companies pay premiums based on data-driven risk assessment.
- Crime Insurance Premiums: Trust loss insurance premiums covering internal crimes, fraud, and external deception including deepfakes, social engineering, CEO fraud.
- IT Liability Insurance Premiums (oneIT-Protect): IT liability coverage for technology companies and providers against errors, failures, and third-party claims.
- MDR Services (Paid Add-on): Managed Detection & Response offered as a fee-based additional package beyond included prevention services. MDR customers receive discounted insurance contributions.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | SMEs (up to €100M turnover): 7 questions application, 2 risk-related only |
| Subscription | Annual | Mid-market (€100M-€500M turnover): 9 questions application |
| Subscription | Annual | Large enterprises (up to €1B turnover): Custom risk assessment |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels6 records
Baobab product offering
Product offeringCore offering
Baobab Risk Solutions sells cyber insurance (Cyber Safe), crime/fidelity insurance (Crime), and IT liability insurance (oneIT-Protect) bundled with proprietary cyber risk services including Deep Scan attack-surface scanning, Dark Web Monitoring, 24/7 Managed Detection & Response, Incident Response Management, Prevention Tools, and Cyber Consulting. Coverage extends to companies with turnover up to €1 billion, with insurance sums up to €10 million, sold primarily through a network of 1,000+ insurance brokers across Germany, Austria, and the Benelux.
Product overview
Baobab Risk Solutions (formerly Baobab Insurance, rebranded in 2026) is a German digital risks MGA offering an integrated platform of cyber insurance and risk management services. The portfolio architecture combines three insurance products (Cyber Safe cyber insurance, Crime fidelity insurance, oneIT-Protect IT liability insurance) with four risk solution services (Deep Scan & Dark Web Monitoring, Prevention Tools, Managed Detection & Response, Incident Response Management, and Cyber Consulting). The Cyber & Crime Bundle packages the two core insurances together. A proprietary data-driven underwriting model using Deep Scan technology delivers 6x higher data density than traditional methods, enabling individualized risk assessment and pricing. The broker-centric business model provides brokers with a digital portal for rapid quote generation (4 questions for companies up to €100M turnover) and customers access via ClientLink. All services are available in Germany, Austria, and Benelux markets.
Differentiator
Problem solved
Functional benefit
Brands
- CyberSafe: Cyber insurance product with extensive coverage against digital risks including cyberattacks, data breaches, and technical malfunctions.
- Crime
- oneIT-Protect
- Deep Scan
- Baobab MDR
- ClientLink
Products and services
- Cyber Safe Comprehensive cyber insurance covering cyberattacks, data breaches, business interruption, and technical malfunctions for companies with turnover up to €1 billion. Insurance sums up to €10 million. Includes first-party and third-party damages, business interruption coverage, and integrates with Deep Scan risk monitoring, MDR, and Incident Response Management.
- Crime (Trust Loss Insurance) Trust loss insurance protecting against internal crimes (employee fraud, embezzlement) and external fraud including deepfakes, social engineering, and CEO fraud. Provides financial loss reimbursement for targeted deception without requiring a cyber trigger. Insurance coverage up to €10 million.
- oneIT-Protect IT liability insurance protecting technology companies, software developers, internet providers, hosts, data centers, and application program providers against financial consequences of IT errors and failures. Covers first-party damages (data recovery, PR advice) and third-party liability (consulting errors, legal violations). Insurance sum up to €15 million.
- Cyber & Crime Bundle Combined offering of Cyber Safe and Crime insurance providing comprehensive protection against digital risks including cyber triggers, internal crimes, and modern fraud cases. Offers cost advantage over separate policies with unified coverage for companies up to €1 billion turnover.
- Managed Detection & Response (MDR) 24/7 active defense against cyber attacks combining SentinelOne and CrowdStrike EDR technologies with human expert monitoring. Uses proprietary data sources including Deep Scan analysis, darknet intelligence, and claims data for 99% detection rate. German-speaking SOC team validates all incidents and executes remediation. Offered as a fee-based additional package beyond included prevention services, with MDR customers receiving discounted insurance contributions.
- Incident Response Management 24/7/365 professional crisis management team that handles all phases of incident response from recording and containment to recovery and claims payment. Coordinates forensics, legal experts, and PR specialists. Includes 48-hour no-cost guarantee for emergency costs and dedicated crisis manager for each incident. Achieves 75% faster crisis management through the incident response team.
- Cyber Consulting In-house cybersecurity expert advisory services including roadmap to insurability, security checks according to DIN SPEC 27076 standard, practical remediation recommendations, and post-incident security optimization. Includes incident response onboarding workshop and readiness assessment.
- Broker Portal Digital platform enabling insurance brokers to create applications in seconds with minimal questions (4 questions for companies up to €100 million turnover). Provides Deep Scan reports, broker access to customer monitoring, sales support from cyber experts, and centralized overview of all offers, contracts, and renewals.
Quantifiable outcome
- 77% lower attack frequency compared to market average (22 ransomware attacks per 100 incidents reduced to 5)
- +10 more outcomes
Companies that use Baobab
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
Baobab technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature5 records
Baobab partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and strategic.
- Lloyd'scoreLeading capacity provider enabling Baobab to offer cyber insurance coverage up to €1 billion turnover. Lloyd's syndicate backing provides market credibility and regulatory standing.
- LibertycoreCapacity provider for cyber insurance products.
- ArgentacoreCapacity provider for cyber insurance products.
- TalbotcoreCapacity provider for cyber insurance products.
- Tokio MarinecoreCapacity provider for cyber insurance products.
- ErgocoreCapacity provider for cyber insurance products.
- ZurichcoreCapacity provider for IT liability insurance products (oneIT-Protect).
- SentinelOnestrategicEDR technology provider used in Baobab MDR service for endpoint monitoring and threat detection.
- CrowdStrikestrategicEDR technology provider used in Baobab MDR service for endpoint monitoring and threat detection.
- SCOR Syndicate at Lloyd'scoreSCOR Syndicate at Lloyd's partnered with Baobab Insurance (MGA) to expand underwriting capacity for CyberSafe cyber insurance offerings. Partnership widens eligibility to companies generating up to €1 billion in annual revenue in Germany and Austria. SCOR provides reinsurance capacity and supports Baobab's expansion into the industrial/mid-market segment from its previous focus on SMEs. The arrangement extends Baobab's signing authority and demonstrates scalability of its data-driven underwriting model.
Scale indicators15 records
Recent moves12 records
Expansion highlights6 records
Baobab competitors and assessment
Company assessmentDirect peers
- At-Bay: Cyber insurance MGA that combines security services with coverage for SMEs and mid-market, leveraging proprietary risk data for underwriting. Closely aligned with Baobab on data-driven underwriting and broker distribution.
- CFC Underwriting: London-based specialty MGA with a leading cyber practice combining in-house incident response with insurance products. Closest European peer to Baobab in product architecture and broker channel.
- Coalition: US-based cyber insurance MGA combining active monitoring, risk assessment, and coverage — the closest analog to Baobab's integrated insurance-plus-security model. Coalition validates the MGA playbook for cyber at global scale.
- Resilience: Cyber insurance provider integrating risk quantification and security services for mid-market and enterprise clients. Comparable integrated approach and growth-stage profile.
- Cowbell Cyber: Cyber MGA focused on SME and mid-market with continuous risk assessment and broker distribution. Direct competitor in the small-business cyber segment Baobab targets.
Broad incumbents
- Allianz: Germany's largest insurer with a global cyber offering and a direct advisory-board connection to Baobab via Christof Mascher. Represents both a partnership/credibility signal and a major competitive incumbent in Baobab's home market.
- Munich Re: Global reinsurer and a key capacity provider for cyber MGAs across Europe. As both a potential reinsurance partner and competitive threat via its own cyber initiatives, Munich Re is structurally relevant to Baobab.
- Beazley: Specialty insurer with one of the largest dedicated cyber practices in the London market, including in-house breach response services. Competes with Baobab in the European SME/mid-market cyber segment.
- Tokio Marine HCC: Global specialty insurer with a major cyber practice and a listed capacity provider for Baobab. Operates as both a capacity supplier and a competitive cyber underwriter across European markets.
- Hiscox: London-listed specialty insurer with a long-standing cyber insurance practice serving SMEs and mid-market across Europe. Operates across many lines but competes directly with Baobab on cyber.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Baobab social profiles
Digital presenceBaobab financial estimates
Financial estimateRevenue estimate
Valuation estimate
Baobab leadership team
Management profileNumber of profiles
Profiles10 records
Baobab funding detail
Funding detailFunding overview
Funding rounds4 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Baobab M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Baobab
What does Baobab do?
Baobab Risk Solutions sells cyber insurance (Cyber Safe), crime/fidelity insurance (Crime), and IT liability insurance (oneIT-Protect) bundled with proprietary cyber risk services including Deep Scan attack-surface scanning, Dark Web Monitoring, 24/7 Managed Detection & Response, Incident Response Management, Prevention Tools, and Cyber Consulting. Coverage extends to companies with turnover up to €1 billion, with insurance sums up to €10 million, sold primarily through a network of 1,000+ insurance brokers across Germany, Austria, and the Benelux.
Is Baobab a public or private company?
Baobab is a private company. It is classified as venture growth investor backed and is currently operating.
When was Baobab founded?
Baobab was founded in 2021. It employs 1 to 10 people.
Where is Baobab based?
Baobab is headquartered in Berlin, Germany, in the Europe region.
How does Baobab make money?
Four revenue lines are on record. Cyber Insurance Premiums (Cyber Safe) is the primary driver. The others are crime Insurance Premiums, IT Liability Insurance Premiums (oneIT-Protect) and MDR Services (Paid Add-on).
Who are Baobab's main competitors?
Direct peers on record are At-Bay, CFC Underwriting, Coalition, Resilience and Cowbell Cyber. Broad incumbents are Allianz, Munich Re, Beazley, Tokio Marine HCC and Hiscox.
Does Baobab have an API?
No public API is recorded for Baobab.
What industry is Baobab in?
Baobab's product category is Cyber Insurance. Its primary akta.pro industry code is FSAJAOAE, Network Security & Privacy Liability (Third-Party), with a secondary code of FSAJAOAF, First-Party Cyber (Breach Response, Forensics, Notification, Credit Monitoring). Its NAICS code is 524126 and its SIC code is 6331.