CyberGuide - Information Security and Cyber Risk Management

Evolve MGA

(Pictured: Pat Costello and Michael Costello, Co-Founders)

underwriting@evolvemga.com 
(415) 257 – 2172
HQ: 1752 Lincoln Avenue San Rafael, CA 94901
National Offices in 15 Major US Metropolitan Cities

Cyber Risk Award Winner


About Evolve MGA:

Evolve MGA is a Cybersecurity Insurance Specialist that underwrites one of the broadest cyber products in the market distributed through retail insurance brokers. As a cyber specialist, Evolve focuses on educating their broker base on how to understand cyber exposure by breaking down the source of modern day claims, essential cyber coverage, & best practices to secure your business. Evolve has also created a series of cyber sales tools to increase efficiency across the quote to bind process for retail insurance agencies. Most notably, in 2020, Evolve launched a cybersecurity sales tool called the Dark Web Scanner that points out key executive cyber exposure accompanied with their standard quotes.

Cyber Specialty Educational Content:

  • Simplified Marketing Material (videos, whitepapers, coverage comparisons, service support)
  • Regional Cyber Sales Academies
  • CE Accredited Cyber Educational Seminars
  • 2,000+ Face to Face Sales Consulting Meetings Completed
  • The Evolved Broker Podcast
  • 3 Month Cyber Underwriting Training Program

Press:

  • 2020: Evolve won Advisen’s Cyber Risk Award for Cyber MGA of the Year.
  • 2020: First MGA ever featured on the cover of Rough Notes.
  • 2019:  Featured on the cover of Insurance Business of America’s “Young Guns” edition.
  • 2019: Evolve won Advisen’s Cyber Risk Award for Cyber Newcomer of the Year.

Survey Answers

Target Client Size
up to $250M
Does US business in
licensed in all states
Does international business in
N/A
Primary Service Offering
Insurance Carrier
When did your company start writing standalone cyber insurance policies?
2015
What are your company’s cyber insurance direct written premiums?
$10M to $25M
What percentage of your cyber insurance direct written premiums come from standalone policies and endorsements?
Standalone 15% | Endorsement 85%
What percentage of your cyber book of business is primary and excess?
Primary 91 - 100% | Excess 0 - 10%
How many dedicated cyber insurance underwriters of standalone does your company have?
16-20
How many cyber-related claims did your company handle in 2019?
500+
What percentage of your cyber-related claims were covered by standalone cyber policies and other lines business?
Standalone 100%