Kovrr

Cyber risk quantification and AI governance platform for insurers and enterprises

Underwriting & Risk Growth Series A

Overview

Kovrr is a cyber risk quantification (CRQ) and AI governance platform for P&C insurers, reinsurers, and enterprise organizations. Founded in 2017 and headquartered in Tel Aviv, Israel, the company converts complex cybersecurity and AI-related exposure data into financially quantified metrics to support underwriting, budgeting, regulatory compliance, and board reporting.

The platform delivers a multi-model CRQ approach using Monte Carlo simulation, running tens of thousands of trials to produce outputs such as Average Annual Loss, loss exceedance curves, and event severity calculations. Solutions are delivered as a cloud-based SaaS platform with API integrations connecting to threat intelligence feeds, vulnerability databases, and enterprise security tools. In 2025, Kovrr expanded into AI risk governance, launching a suite that addresses EU AI Act compliance, AI asset inventory, and third-party AI risk monitoring.

Kovrr manages over USD 527 billion in total client exposure and ingests more than one million intelligence data points daily. Notable clients include Allianz, AON Reinsurance Solutions, Deutsche Ruck, MS & AD Holdings, and MAPFRE RE. The company raised a Series A of USD 5.5M in 2019 from StageOne Ventures and Mundi Ventures, with additional investment from Ocean Azul Partners, Banco Sabadell, and Founders Factory.

Products & Services

Cyber Risk Quantification (CRQ) Platform

A probabilistic modeling platform that translates cyber exposure into financial metrics for insurance underwriters, exposure managers, and enterprise risk teams. Uses Monte Carlo simulation (10,000-25,000 trials) to generate Average Annual Loss, loss exceedance curves, and 1:100 event severity estimates.

Key Features

Multi-model CRQ with scenario-based forecasting
Automated materiality analysis aligned with regulatory definitions
Real-time financial metrics for board-level reporting
Control effectiveness ROI analysis
M&A due diligence cyber risk assessment

Target Users: P&C insurers, reinsurers, CISOs, Chief Risk Officers, finance leaders

AI Risk Governance Suite

Launched November 2025, this suite helps enterprises manage risks across the AI lifecycle with capabilities for governance, compliance readiness, and financial quantification of AI-related exposure.

Key Features

AI Asset Visibility and Inventory
AI Risk Quantification (AIRQ)
EU AI Act compliance readiness assessment
AI Assurance Plans and Risk Register management
Third-Party AI Risk Monitoring

Target Users: Enterprise GRC teams, compliance officers, boards of directors

Cyber GRC

Integrated governance, risk, and compliance solution supporting continuous control monitoring and regulatory framework alignment.

Key Features

Risk registers with materiality analysis
Continuous Control Monitoring (CCM)
Framework support: NIST, MITRE, OWASP, ISO, COBIT, CIS
Regulatory support: NIS2, DORA, SEC cybersecurity rules, HIPAA, GDPR

Target Users: GRC teams, compliance officers, CISOs

At a Glance

Founded: 2017
Headquarters: Tel Aviv, Israel
Employees: 11-50
Funding: Series A

Category & Focus

Category: Underwriting & Risk
Subcategories: Cyber Risk Quantification AI Governance GRC Reinsurance Analytics
Insurance Verticals: P&C Commercial Specialty/E&S Reinsurance
Target Customers: Carriers, Reinsurers, Brokers