CONVERGE INC
Cyber insurance MGA combining underwriting expertise with AI-powered risk assessment
Overview
Converge is a cyber insurance managing general agent (MGA) that underwrites primary and excess cyber coverage for mid-market and small-to-medium businesses across the United States. The company operates through wholesale broker distribution, working with retail brokers who access coverage through Converge's quoting platform and APIs. Converge was founded in 2021 and is headquartered in New York, NY.
Converge underwrites cyber risks using a proprietary data ecosystem and AI-enhanced underwriting tools developed in-house. Capacity is provided by QBE (through a Lloyd's of London syndicate) and Obsidian Insurance Group, with combined underwriting capacity of up to USD 5B. The product suite includes primary and excess cyber policies as well as integrated programs that bundle insurance with security services.
The company distributes exclusively through brokers and has raised USD 20M in total funding from QBE Ventures and Forgepoint Capital. Converge achieved SOC 2 Type I compliance in December 2025 and has announced technology partnerships with KYND Analytics and Qualys to expand digital underwriting capabilities.
Products & Services
ConvergeElements
Primary and excess cyber insurance policy for mid-market and SMB companies.
Key Features
- Data breach and ransomware response
- Technology errors and omissions
- Media liability
- Primary and excess layers available
Target Users: Technology companies and mid-market businesses up to USD 300M in gross annual revenues
Distribution: Wholesale broker channel
ConvergeConnect
Integrated cyber insurance program combining coverage with security services and proprietary data analytics.
Key Features
- Cyber insurance with bespoke pricing
- Integrated security solution bundle
- Proprietary data analytics for risk assessment
Target Users: Technology companies seeking integrated insurance and security solutions
Distribution: Wholesale broker channel via technology provider partnerships
Open Market Program
Standard cyber insurance offering for mid-market companies.
Key Features
- Broad appetite cyber coverage
- Streamlined underwriting process
- Flexible limits
Target Users: Mid-market companies with standard cyber coverage needs
Distribution: Wholesale broker channel
At a Glance
- Founded
- 2021
- Headquarters
- New York, NY
- Employees
- 11-50
Category & Focus
Links
Last updated: 2026-05-12