Baobab

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.

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

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

• Cyber insurance
• Risk management services
• Managed detection response
• IT liability insurance
• Cyber security consulting

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Supply Chain, Infrastructure

Revenue model

1. 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.
2. Crime Insurance Premiums: Trust loss insurance premiums covering internal crimes, fraud, and external deception including deepfakes, social engineering, CEO fraud.
3. IT Liability Insurance Premiums (oneIT-Protect): IT liability coverage for technology companies and providers against errors, failures, and third-party claims.
4. 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

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core 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

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability7 records

Feature5 records

Partnerships

Ten partnerships are on record, tiered core and strategic.

• Lloyd'scoreChannel Partner/ Reseller/ Distributor · 1 February 2026Leading capacity provider enabling Baobab to offer cyber insurance coverage up to €1 billion turnover. Lloyd's syndicate backing provides market credibility and regulatory standing.
• LibertycoreChannel Partner/ Reseller/ Distributor · 1 February 2026Capacity provider for cyber insurance products.
• ArgentacoreChannel Partner/ Reseller/ Distributor · 1 February 2026Capacity provider for cyber insurance products.
• TalbotcoreChannel Partner/ Reseller/ Distributor · 1 February 2026Capacity provider for cyber insurance products.
• Tokio MarinecoreChannel Partner/ Reseller/ Distributor · 1 February 2026Capacity provider for cyber insurance products.
• ErgocoreChannel Partner/ Reseller/ Distributor · 1 February 2026Capacity provider for cyber insurance products.
• ZurichcoreChannel Partner/ Reseller/ Distributor · 1 February 2026Capacity provider for IT liability insurance products (oneIT-Protect).
• SentinelOnestrategicTechnology or Integration · 1 February 2026EDR technology provider used in Baobab MDR service for endpoint monitoring and threat detection.
• CrowdStrikestrategicTechnology or Integration · 1 February 2026EDR technology provider used in Baobab MDR service for endpoint monitoring and threat detection.
• SCOR Syndicate at Lloyd'scoreChannel Partner/ Reseller/ Distributor · 30 January 2026SCOR 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

Direct 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

• YouTubeyoutube.com/@baobabinsurancegmbh4962
• LinkedInlinkedin.com/company/baobabinsurance

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds4 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Baobab