Riskpoint' s acquisition of Corvus comes against a backdrop of sharply accelerating demand for cyber insurance, particularly in Germany and the entire DACH region (Germany, Austria, Switzerland). The proliferation of cyber attacks - ransomware, intrusions, data theft - is driving companies to seek increasingly sophisticated coverage solutions, even though the market is still under-penetrated, particularly among SMEs. Riskpoint is seeking to capitalize on this dynamic by consolidating its local capabilities. The integration of Corvus, the German subsidiary of the U.S.-based Travelers Group, gives Riskpoint access to an experienced team, an active broker base and a ready-to-deploy operational infrastructure.
According to the European Cybersecurity Agency, 1 in 2 companies in the DACH region saw an increase in cyber attacks in 2024. What's more, a single data breach costs a German company an average of $5.31 million. This makes Germany the 4th most expensive country in the world for data leakage and theft. This compelling fact underlines the importance of deploying Riskpoint solutions in the DACH region.
Based in Copenhagen, Riskpoint is a leading insurer in a number of niche areas, where demand is growing spectacularly. In cyber, Riskpoint distinguishes itself through value-added services such as the Cyber* platform, combining insurance, incident response and training through its partnerships (notably with Truesec and Pistachio, specialists in cybersecurity, who regularly intervene on behalf of Fortune500 companies), enabling it to offer sophisticated, proactive coverage to its industrial and SME customers, now throughout the DACH region.
