Baobab Insurance
Cyber insurance and integrated risk management for SMEs in the DACH region and Benelux.
Overview
Baobab Insurance is a cyber insurance MGA serving small and medium-sized enterprises (SMEs) in Germany, Austria, and the Benelux region. The company distributes exclusively through insurance brokers, with more than 1,000 broker partners active on its digital distribution platform. Founded in Berlin in 2021 by Vincenz Klemm (CEO) and Anton Foth (CTO), Baobab operates as Germany's first integrated cyber insurer combining underwriting with active cybersecurity tooling.
The company underwrites cyber risk, e-crime/fidelity, and IT liability lines with capacity provided by Lloyd's syndicates, Liberty Mutual, Argenta, Talbot, Tokio Marine, ERGO, and Zurich. In January 2026, SCOR's Lloyd's syndicate expanded underwriting capacity to cover companies with annual revenues up to EUR 1 billion. Baobab uses a proprietary machine learning-based underwriting model and the Deep Scan continuous vulnerability monitoring platform, which it claims provides six times the data density of traditional methods.
As of mid-2025, Baobab has raised approximately EUR 15.5M in total funding across a EUR 3.5M seed round and a EUR 12M Series A (June 2025), the latter led by Viola FinTech and eCapital VC. The company claims that 95% of policyholders are able to contain cyber threats within 48 hours of onboarding, and that its proactive risk management services have prevented more than EUR 10 million in losses to date.
Products & Services
Cyber Safe
Cyber insurance product covering cyber incidents including personal and third-party liability from cyber events. Paired with automated risk scans that detect vulnerabilities in the insured's digital infrastructure. Coverage is available for companies with annual revenues up to EUR 1 billion (as of 2026).
Key Features
- Cyber liability for personal and third-party damages
- Automated vulnerability detection at onboarding and renewal
- Access to Managed Detection & Response (MDR) and Incident Response services
Target Users: SMEs in Germany, Austria, and Benelux
Distribution: Wholesale broker (via ClientLink platform)
Crime
E-crime and fidelity insurance covering financial losses from digital deception, internal fraud, or external fraud.
Key Features
- Loss from digital deception and social engineering
- Internal employee fraud
- External cybercrime resulting in financial loss
Target Users: SMEs and mid-market companies
Distribution: Wholesale broker (via ClientLink platform)
oneIT-protect
IT liability insurance designed for technology companies, software vendors, IT service providers, and telecommunications firms operating in Germany and Austria.
Key Features
- Professional liability for IT errors and omissions
- Third-party claims arising from software or service failures
Target Users: IT, software, technology, and telecommunications companies
Distribution: Wholesale broker (via ClientLink platform)
Deep Scan
Proprietary continuous digital risk monitoring platform. Provides real-time vulnerability detection with data density claimed at six times higher than traditional assessment methods. Delivers automated recommendations and real-time vulnerability alerts to policyholders and brokers.
Managed Detection & Response (MDR)
24/7 threat monitoring and active response service. Detects threats in client environments and responds in real time.
Incident Response Management
24/7/365 emergency support for active cyber incidents, including damage management and crisis coordination.
ClientLink
Digital broker platform enabling insurance brokers to manage client policies, onboard new clients, access real-time risk data, and generate quotes. The primary distribution interface for Baobab's broker network.
At a Glance
- Founded
- 2021
- Headquarters
- Berlin, Germany
- Employees
- 51-200
Category & Focus
- Category
- Specialty Solutions
- Insurance Verticals
- P&C Commercial Specialty/E&S
- Target Customers
- Brokers, SMEs (via broker distribution)
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Last updated: 2026-06-07