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Zurich’s Strategic Acquisition of BOXX Insurance
Zurich Insurance Group announced today an agreement to acquire BOXX Insurance, a global leader in cyber Insurtech. BOXX operates on five continents, offering cyber insurance and protection. Following the acquisition, BOXX will continue operations independently.
Expanding Cyber Protection Globally
The acquisition aligns with Zurich’s strategy to expand digital security services. Zurich aims to leverage BOXX’s global footprint in cyber Insurtech.
BOXX to Remain Independent Post-Acquisition
BOXX will maintain operational independence. This arrangement allows BOXX to preserve its approach and brand identity.
What BOXX Brings to Zurich
BOXX Insurance provides Zurich with established digital-first cyber insurance products. Its all-in-one Cyberboxx® solutions integrate insurance and cybersecurity protections.
Nearly One Million Global Customers
Since its launch in 2018, BOXX has experienced rapid growth and scaling. The company now serves nearly one million customers globally.
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Boxx Product Suite
- Cyberboxx® Business Edition: Comprehensive cyber insurance and cybersecurity services tailored for small to medium-sized businesses.
- Cyberboxx® Home Edition: Integrated cyber insurance and cybersecurity solutions designed specifically to safeguard households.
- Cyberboxx® Assist: A complete set of cybersecurity tools and services helping individuals and businesses anticipate, prevent, and manage cyber threats.
Boxx and Zurich Executive on the Acquisition
Leaders from both companies expressed optimism regarding the acquisition and future collaboration.
BOXX CEO Vishal Kundi stated, “Becoming part of Zurich provides us with the resources and global reach to accelerate our mission.” He emphasized BOXX’s commitment to building digital resilience and innovative cyber solutions.
Cara Morton, CEO of Zurich Global Ventures, praised the acquisition. She stated, “BOXX’s digital-first, service-led approach will help us further enhance customer engagement and provide integrated solutions.”
Expansion into US, India, Europe, and Australia
BOXX has successfully established its cyber Insurtech solutions across the US, India, Europe, and Australia. This global presence adds substantial value to Zurich’s future strategy.
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