Berkley Technology Underwriters

What Berkley Technology Underwriters does

Berkley Technology Underwriters (BTU) is a Minneapolis-based specialty insurance underwriter that provides commercial property, casualty, professional liability, and cyber insurance exclusively to technology-related firms and businesses with technology exposure. Operating as a wholly-owned subsidiary of W. R. Berkley Corporation (NYSE: WRB, Fortune 500, A+ Superior A.M. Best rated), BTU offers a portfolio of six core coverage lines — Technology E&O + Cyber Solutions, Property, Liability, International, and Workers Compensation — complemented by in-house claims management with technology and data security specialization, an Online Risk Management Center (safety library, OSHA recordkeeping, training tracking), and a dedicated Partner Portal for insurance agents.

The company serves four primary vertical segments: Information Technology, Telecommunications, Digital Media, and Private Equity (including portfolio companies with technology exposure). Distribution is conducted exclusively through licensed insurance brokers and agents via the Partner Portal, with quote-based pricing that is not publicly disclosed and billed on an annual basis. Value-added ecosystem partnerships include MOXFIVE (breach coordination, typically with sub-2-hour triage), eRisk Hub (cyber risk resources), and Safety Source Online (on-demand safety training content). BTU is one of approximately 60 (re)insurance businesses within the W. R. Berkley group, benefiting from the parent's balance sheet strength, reinsurance capacity, and decentralized operating model that preserves small-unit agility. Headcount is reported at 11–50 employees, and revenue is not separately disclosed from the parent company's consolidated financials.

Name

Berkley Technology Underwriters

Legal name

Berkley Technology Underwriters

Website

https://berkley-tech.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Berkley Technology Underwriters is a Minneapolis-based specialty insurance underwriter (W. R. Berkley subsidiary) that exclusively provides Tech E&O, cyber, property, liability, international, and workers comp coverage to technology firms and tech-exposed businesses through a broker-distributed model.

Ownership category

akta.pro rank

Headquarters

HQ city

Minneapolis

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Insurance Premiums: BTU generates revenue through insurance premiums across multiple coverage lines including property, casualty, professional liability (Technology E&O), cyber, liability, international, and workers compensation insurance for technology companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Berkley Technology Underwriters is a specialized commercial insurance carrier that underwrites and services property, casualty, professional liability (Technology Errors & Omissions + Cyber), international, and workers compensation coverage exclusively for technology companies. Policies are distributed through licensed insurance agents and brokers, supported by an in-house claims team with technology and data security expertise and an online Risk Management Center offering safety, compliance, and training resources to insureds.

Product overview

Berkley Technology Underwriters is a specialized technology insurance provider offering a portfolio of commercial insurance products designed exclusively for technology companies. The core product suite consists of six primary insurance coverages: Technology E&O + Cyber Solutions (professional liability and cyber coverage combined), Property, Liability, International, and Workers Compensation. These core products are complemented by value-added services including an in-house Claims Management team with technology and data security expertise, a Risk Management Center (online platform for safety compliance and training), and a Partner Portal for agent access. The company operates as a single unified insurance offering specialized for the technology sector, serving Information Technology companies, Telecommunication Services, Digital Media companies, and Private Equity firms with technology exposure.

Differentiator

Problem solved

Functional benefit

Products and services

• Technology Errors or Omissions (E&O) + Cyber Solutions Customized professional liability coverage for technology businesses, including liability coverage and expenses for claims resulting from a breach of private information via computer information system, network, or website.
• Property Insurance

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature1 record

Partnerships

Two partnerships are on record, tiered core and flagship.

• MOXFIVEcoreTechnology or IntegrationBTU has partnered with MOXFIVE, a breach coordination firm, to assist insureds with initial triage services for cybersecurity incidents and data breaches, as well as development and coordination of data breach response plans through a network of approved service providers. MOXFIVE technical advisors contact insureds promptly (typically within 2 hours for incidents reported between 9 a.m. – 9 p.m.).
• W. R. Berkley CorporationflagshipOthersBTU is a member company of W. R. Berkley Corporation, one of 60 (re)insurance businesses worldwide. W.R. Berkley is a Fortune 500 company listed on the NYSE and part of the S&P 500. The parent company provides financial strength, ratings (A+ Superior by A.M. Best, AA- Very Strong by S&P), and decentralized operating structure that gives BTU small-business agility with Fortune 500 resources.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• At-Bay: At-Bay is a specialty cyber insurance carrier combining technology-enabled underwriting with risk engineering. It directly competes with BTU in the cyber and tech E&O segment for small and mid-sized technology businesses.
• Coalition: Coalition is an insurtech focused on cyber and technology E&O, using data-driven underwriting and active monitoring to differentiate. It overlaps with BTU's flagship Cyber/Tech E&O offering, particularly for mid-market technology accounts.

Direct peers

• Tokio Marine HCC: Tokio Marine HCC operates a dedicated Technology and Cyber Errors & Omissions practice offering Tech E&O, Cyber, and related specialty coverages to technology companies and tech-exposed businesses — directly comparable to BTU's core product suite and target verticals.
• Beazley: Beazley runs a global Specialty Lines division with significant focus on Technology, Media, and Cyber E&O, serving IT firms, digital media, and telecom clients. Its scale, product set, and broker distribution model are closely aligned with BTU's.
• Hiscox: Hiscox has a long-standing specialization in technology E&O and cyber liability for small and mid-sized tech businesses, often distributed through brokers. It competes with BTU for the same IT, digital media, and tech-services accounts.

Broad incumbents

• Chubb: Chubb's Technology Industry Practice writes Tech E&O, Cyber, Property, Liability, and Workers Comp for technology companies globally. As a much larger multiline carrier, it competes with BTU at the upper end of the market while offering a broader portfolio of products.
• AXA XL: AXA XL has a dedicated Technology, Media and Telecommunications underwriting unit offering Tech E&O, Cyber, and global programs. Its global reach and enterprise scale place it above BTU, but its product overlap is substantial.
• AIG: AIG's Financial Lines and Specialty divisions underwrite Tech E&O and Cyber coverage for technology and tech-exposed accounts worldwide. It is a broad incumbent competitor rather than a tech-only specialist.
• CNA Financial: CNA's Professional Liability & Cyber unit underwrites Tech E&O and Cyber for technology firms and technology-dependent businesses. As a major P&C carrier, CNA competes with BTU across multiple of BTU's verticals.
• Travelers: Travelers' Technology, Public Sector and Cyber offerings include Tech E&O, Cyber Liability, and Property coverage for technology customers. Its broad scale and brand make it a top-of-mind competitor in the same broker channel BTU uses.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/berkley-technology-underwriters

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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 Berkley Technology Underwriters