Emergence Insurance
Smarter cyber: standalone cyber insurance combined with 24/7 in-house incident response for Australian businesses and individuals.
Overview
Emergence Insurance is a specialist cyber MGA operating in Australia and New Zealand, distributing exclusively through insurance brokers. Founded in 2015, the company underwrites standalone cyber insurance for SMEs through to ASX-listed entities, as well as individuals and families. It is structured as an equal joint venture with Steadfast Group Ltd (ASX: SDF), one of Australia's largest insurance broker networks.
Products are underwritten by Certain Underwriters at Lloyd's of London, providing capacity up to USD 10 million per policy. Emergence holds full binding authority, enabling online quote-to-bind within minutes across more than 13,000 occupational categories. The company was the first Australian cyber insurer to establish an in-house claims and incident response team.
Distribution runs entirely through the broker channel, leveraging the Steadfast network and appointed retail brokers nationwide. Emergence maintains offices in NSW, VIC, QLD, and WA and a presence in New Zealand, giving it national and trans-Tasman reach.
Products & Services
Cyber Event Protection (CEP-005)
Business cyber insurance providing financial, operational, and reputational coverage against cyber incidents. The current version (CEP-005) includes four complimentary cyberSuite services: a cybersecurity expert consultation, a tailored incident response plan, real-time cyber threat alerts, and dark web surveillance.
Key Features
- Financial losses from cyber incidents and data breaches
- Business interruption from network downtime
- Regulatory response and notification costs
- Cyber extortion and ransomware
- Third-party liability from data breach
Target Users: Australian and New Zealand businesses across 13,000+ occupational categories
Distribution: Broker channel only
Tech Event Protection
Launched April 2025, this bundled product combines Professional Indemnity, Cyber, and Public + Product Liability in a single policy for IT service providers.
Key Features
- Professional indemnity for technology failures and advice
- Cyber incident response and liability
- Public and product liability
Target Users: Technology businesses and IT service providers
Distribution: Broker channel only
Personal Cyber Insurance
Australia's first standalone cyber insurance for individuals and families, covering cyber events and cybercrimes such as identity theft, cyberbullying, and online fraud.
Target Users: Individual consumers and families
Distribution: Broker channel only
Group Personal Cyber Insurance
Employee cyber coverage purchased as a group benefit by employers, extending protection to employees and their families.
Target Users: Employers seeking employee benefits
Distribution: Broker channel only