Upfort and Arch Insurance join forces to boost cyber insurance access for SMEs

This collaboration comes as cyber insurance premiums are projected to surge by 20% annually until 2025.

“We’re thrilled to partner with Arch Insurance and transform how cyber insurance is offered,” said Josh Riley, managing director of Upfort. “By combining our technology with Arch’s expertise, we’ll accelerate cyber resilience for everyone.”

The partnership focuses on creating group programs with comprehensive coverage, competitive pricing, built-in security tools, and a user-friendly online experience. This will empower brokers to promote cyber awareness and offer better deals to their clients.

Upfort’s innovative platform simplifies the insurance process for businesses traditionally deemed high-risk by insurers. Their user-friendly tools and automated underwriting allow Arch’s brokers to cater to these clients efficiently.

“We’ve been strategically expanding our cyber offerings to meet customer needs,” commented Jamie Schibuk, executive vice president at Arch Insurance. “Partnering with Upfort gives us the tools to deliver a robust solution, combining our financial strength and incident response services with Upfort’s practical security solutions. Together, we’re well-positioned to lead this rapidly growing field.”

Uniquely, Upfort integrates security solutions into every program policy at no extra cost, further promoting cyber resilience among businesses.

This partnership marks another milestone for Upfort, following their recent rebranding and successful Series A funding round.