Overview
Baobab is a Berlin-based cyber insurtech MGA founded in 2021, offering cyber risk protection and insurance programs for small and medium-sized enterprises across Germany, Austria, Netherlands, Belgium, and Luxembourg. The company provides cyber insurance, e-crime insurance, and IT liability programs through partnerships with major capacity providers including Zurich Insurance, ERGO, Liberty Specialty Markets, Tokio Marine Kiln, Talbot, Argenta, and SCOR Syndicate at Lloyd's. Baobab's proprietary AI-native underwriting platform differentiates its approach by combining insurance with integrated cybersecurity tools and continuous risk monitoring.
Since 2021, Baobab has underwritten cyber policies protecting IT, software, technology, and telecommunications companies while preventing over EUR 10 million in losses through its risk mitigation platform. The company has expanded from Germany and Austria into Benelux markets as of February 2026, supported by EUR 20.1 million in total funding raised through a seed round and Series A round in June 2025.
Products & Services
CyberSafe
Baobab's flagship cyber insurance program protects IT, software, technology, and telecommunications companies from cyber threats including phishing attacks, CEO fraud, ransomware, and data breaches. The product integrates directly with Baobab's AI-based risk management platform for continuous protection and risk assessment.
Key Features
- Phishing attack and CEO fraud coverage
- Ransomware incident protection
- Data breach liability coverage
- Business interruption
- Network security liability
- Continuous AI-based risk monitoring
Target Users: IT, software, technology, and telecommunications companies across Germany, Austria, and Benelux
Distribution: Wholesale through brokers and agents
E-Crime Insurance
Launched in partnership with Liberty Specialty Markets in March 2025, this program offers coverage for fraud offenses including CEO fraud and deepfakes, with insured sums up to EUR 5 million. Designed for streamlined underwriting and broad SME market coverage.
Key Features
- CEO fraud and deepfake coverage
- Fraud offense protection
- Claims processing on streamlined timeline
- Up to EUR 5 million insured sums
Target Users: SMEs and mid-market businesses requiring fraud protection
Distribution: Wholesale through brokers
IT Liability Insurance
Specialized IT liability coverage for technology companies and IT service providers operating in Germany and Austria.
Key Features
- Errors and omissions coverage
- Professional liability
- Network security liability
Target Users: Technology companies and IT service providers
Distribution: Wholesale through brokers
Integrated Risk Management Tools
Baobab provides brokers and customers with integrated cybersecurity and risk management tools at no additional cost:
Key Features
- Phishing simulations and testing
- Security awareness training programs
- Continuous AI-based cybersecurity monitoring
- Attack surface reconnaissance and monitoring
- Dark web credential monitoring
- Real-time breach probability assessments
At a Glance
- Founded
- 2021
- Headquarters
- Berlin, Germany
- Employees
- 51-200
Category & Focus
Last updated: 2026-06-16