15 Startupbootcamp InsurTech has a program in both London and Hartford, Exploiting the sharing economy Connecticut in the United States. Of the 20 startups across the two programs, three startups have a focus on cyber security- Zeguro, SecureHome and Yaxa. Zeguro, part of the London 2018 program, is focused on assessing and managing 12% of enterprise cyber risk. It plugs into the client’s cloud platforms, web assets and applicants third-party business tools to provide risk mitigation and employee training. this year came from 12% Zeguro has partnered with Hartford Steam Boiler (HSB), part of Munich Re, who will provide capacity to support Zeguro’s cyber insurance offering. sharing economy and “Cyber is a very dynamic and fast evolving risk and an area of growth for HSB”, related fields explains Stephanie Watkins, Senior Vice President, International Business at Hartford Steam Boiler. “We see value in partnering with selected startups to help augment our own internal cyber expertise to support us to provide better 6% in 2016 7% in 2017 solutions for our customers.” “We chose to work with Zeguro to help our small business customers understand their cyber risk”, she adds. “Through our partnership we can deliver a suite Where cyber-security allows insurers to offer new products to their customers, of practical, easy to implement risk management tools and advice to help our there continues to be innovation elsewhere which insurers must respond to in customers minimize their cyber risk. Over time, we also expect to gain additional order to remain relevant. data and insights from our relationship with Zeguro, which will help us continue The sharing economy provides an exciting opportunity for insurers and to evolve our cyber insurance products and services to meet the changing needs InsurTechs to work - 12% of applications to Startupbootcamp this year came from of our customers.” firms in related fields. This makes sense: PwC research, commissioned by the European Commission, forecasts the combined global revenues of the biggest sub-sectors of the sharing economy will rise from $15bn in 2013 to $335bn by “We chose to work with Zeguro 2025. to help our small business customers understand their cyber risk” Stephanie Watkins, Hartford Steam Boiler