BlueCyber

Cyber insurance for SMEs and families across Latin America

Specialty Solutions

Overview

BlueCyber is a cyber insurance MGA operating through a digital-first, subscription-based model targeting SMEs and families across Latin America, with policies issued by Seguros Sura.

The company underwrites cyber risk under capacity provided by Seguros Sura, one of Latin Americas largest insurance groups, which serves over 20 million policyholders across seven countries. Coverage includes data breach compensation, LGPD (Brazilian data protection law) fine coverage, legal fee reimbursement, digital identity theft protection, and bundled cybersecurity tools. In March 2024, BlueCyber acquired Ismac.io, a Managed Detection and Response (MDR) platform, integrating active portfolio monitoring and incident response into its insurance offering.

Distribution operates entirely through non-traditional digital channels -- internet service providers, software and hardware manufacturers, and insurance brokers -- via an API-first embedded insurance marketplace. The company announced a goal of 10,000 subscribers by end of 2024 and positions its addressable market at USD 17.3 billion in gross written premium across Latin America. Coverage is structured to be compatible across nine countries in the region.