Stoïk

Stoïk Competitive Intelligence & Landscape

stoik.com ·

Stoïk
ForesightIQ Predictions

What is Stoïk likely to do next?

ForesightIQ connects Stoïk's hiring, product, web, ad, and market signals to forecast strategic moves — often months before they're announced.

Hiring signal

Senior hiring patterns point to a planned enterprise product line launching within two quarters.

High confidence · Next 1–2 quarters
Product signal

Quiet changes to docs and pricing pages signal an upcoming usage-based pricing tier and new API surface.

Likely · Next quarter
Market signal

Ad spend and partnership activity indicate a push into the mid-market segment across two new regions.

Plausible · Next 2–3 quarters
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Overview

Stoïk Overview

Stoïk (stoik.com) is a European insurtech company that combines cybersecurity solutions with insurance coverage to help businesses manage their exposure to cyber risk. The company's mission is to be the CISO of Europe, aiming to enhance the continent's overall cyber resilience by providing active risk reduction and transfer mechanisms for companies [stoik.com/en-us/about]. Stoïk serves PME and ETI (small and medium-sized enterprises and mid-cap companies) with revenues up to 1 billion euros, offering coverage limits up to 10 million euros [stoik.com].

Stoïk's core offering includes Stoïk Protect, an all-in-one prevention platform designed to help companies reduce their daily cyber risk exposure. This platform is included with their cyber insurance policy and provides an immediate overview of risk exposure, enabling identification of priority areas for action [stoik.com/en-us/prevention]. In addition to proactive prevention, Stoïk provides comprehensive insurance dedicated to cyber risk, covering incidents such as data leakage, ransomware, and fraud with clear guarantees and no hidden exclusions [stoik.com/en-us/insurance]. They also offer Cyber Pro IT, a specialized insurance product for IT professionals that combines Professional Civil Liability and Cyber guarantees in a single contract.

The company takes an active approach to risk management, offering a solution that blends insurance coverage with security software. They empower insurance brokers to assist their clients with cyberattacks through a simplified, 100% online subscription experience via the Broker Space. Stoïk also boasts a dedicated 24/7 team of cybersecurity experts to assist policyholders in the event of a cyberattack, with an average recovery time of 12 hours for affected businesses [stoik.com]. Stoïk has successfully raised significant funding, including a €20 million Series C round, underscoring its rapid growth and ambition in the European market [stoik.com/en-us/pr-series-c].

Competitors

Stoïk Competitors

Stoïk (stoik.com) combines cyber insurance with cybersecurity measures, offering a solution that allows businesses, particularly SMEs and ETIs up to €1 billion in revenue, to actively manage their cyber risk exposure. Their offerings include comprehensive insurance coverage and the Stoïk Protect prevention platform, supported by 24/7 cybersecurity experts. They specialize in simplifying the process for insurance brokers and offer a dedicated Cyber Pro IT assurance for IT professionals, including ESNs, software publishers, and hosting providers, bundling Professional Civil Liability and Cyber guarantees into one contract. This integrated approach aims to reduce incidents and ensure rapid recovery in case of a cyberattack.

Baobab stands as a key competitor to Stoïk, focusing on providing cyber insurance and security measures specifically for small and medium-sized enterprises (SMEs) to protect against various cyber risks. Similar to Stoïk, Baobab offers cyber insurance policies that cover both own and third-party damages, along with essential crisis management services. A notable differentiator for Baobab is its reliance on machine learning-based risk evaluation to accurately assess the individual cyber risk exposure for each of its clients, enabling tailored protection. [https://www.cbinsights.com/company/stoik-1/alternatives-competitors]

Guardz is another direct competitor to Stoïk, also operating in the space of cyber protection for businesses. While specific details on Guardz's differentiators and market share are not extensively detailed in the provided sources, it is recognized as a top competitor by industry analysis platforms, indicating its significant presence in the market for cyber insurance and security solutions. [https://www.cbinsights.com/company/stoik-1/alternatives-competitors]

Coinnect is identified as a competitor to Stoïk, though the specific nature of its offerings and how they directly compare in terms of features, pricing, or market share are not elaborated upon in the provided content. Its inclusion on competitive intelligence lists suggests it offers services or products that address similar cyber risk management needs for businesses, potentially in areas like insurance, cybersecurity tools, or related financial technology solutions. [https://rivalsense.co/intel/stoik/]

Other named entities such as Riot, Simcox Brokers, and Custodian Insurance are also listed as alternatives or competitors, indicating a broader competitive landscape. While details on their specific offerings are not provided, their presence suggests a diverse market where various companies offer either standalone cyber insurance, cybersecurity services, or integrated solutions, much like Stoïk's model of combining both. This highlights the competitive nature of the cyber risk management sector, with multiple players vying for market share among SMEs and larger enterprises. [https://rivalsense.co/intel/stoik/]

Alternatives

Stoïk Alternatives

Product & Pricing

Stoïk Product and Pricing Intelligence

Stoïk (stoik.com) specializes in combining cyber insurance with robust cybersecurity solutions, catering to small and medium-sized enterprises (SMEs) and mid-market companies with revenues up to 1 billion euros. Their core offering integrates comprehensive insurance coverage, safeguarding businesses against cyber risks such as data leakage, ransomware, and fraud, with a guarantee limit of up to 10 million euros. This ensures clear and transparent protection without hidden exclusions, providing vital financial backing in the event of a cyberattack [stoik.com/en-us/insurance].

The company’s proactive approach to cyber risk management is evident through its Stoïk Protect platform, an all-in-one prevention tool included within the insurance policy. This platform offers policyholders an immediate overview of their cyber risk exposure, helping them identify and prioritize areas for improvement to reduce daily risk. In addition to Stoïk Protect, Stoïk offers Stoïk MDR (Managed Detection & Response), a solution that combines EDR (Endpoint Detection & Response) technology with continuous monitoring by cybersecurity experts, designed to detect and block cyberattacks in real-time [stoik.com/en-us/mdr]. This holistic strategy aims to reduce the likelihood of cyber incidents by half for insured businesses, with an average recovery time of just 12 hours post-incident.

Stoïk's pricing model is primarily integrated with its insurance offerings, meaning prevention and claims management are bundled with the cyber insurance policy. The company streamlines the process for insurance brokers through its Broker Platform (Espace Courtier), which enables 100% online underwriting, continuous prevention support, and in-house claims management. Brokers can generate instant, personalized quotes and manage their sales performance, simplifying the experience for both brokers and their clients [stoik.com/en-us/brokers]. Recently, Stoïk has announced significant enhancements to its insurance coverage and pricing structure, aiming to enrich its offerings and optimize its competitive positioning, demonstrating a continuous commitment to strengthening its services and expertise [stoik.com/evolutions-garanties-assurance].

Hiring & Layoffs

Stoïk Hiring and Layoffs

Stoïk (stoik.com) is a company experiencing rapid growth, actively seeking to expand its teams across Europe. The company emphasizes a culture of trust, accountability, and teamwork, inviting individuals to contribute to strengthening the European economic fabric against cyber threats [https://www.stoik.com/en-us/career]. This proactive hiring approach is consistent across its localized career pages in French, German, Dutch, and Spanish, all highlighting the opportunity to join a fast-growing enterprise [https://www.stoik.com/carriere][https://www.stoik.com/de-de/karriere][https://www.stoik.com/nl-be/carriere][https://www.stoik.com/es-es/empleo].

The company's hiring patterns signal a strategic focus on expanding its presence and expertise in the cybersecurity insurance sector.

Stoïk is dedicated to redefining the cyber insurance landscape and protecting businesses from cyber risks [https://www.stoik.com/de/ueber-uns]. While specific job openings are not detailed in the provided content, the consistent messaging across its "Career" and "About Us" sections indicates a continuous recruitment effort for ambitious individuals passionate about cybersecurity and insurance.

There is no mention of layoffs within the provided company information. Instead, the emphasis is on growth and team expansion.

Stoïk views itself as building "cyber resilience as the CISO of Europe," a bold mission that naturally requires a growing, skilled workforce [https://www.stoik.com/en/about]. The company's leadership team comprises seasoned entrepreneurs, insurance experts, and technology professionals, further indicating a strategic push for talent in these critical areas [https://www.stoik.com/a-propos][https://www.stoik.com/nl-be/wie-zijn-wij].

Leadership

Stoïk Management and Leadership Team

Stoïk (stoik.com) is led by a dynamic management team composed of seasoned entrepreneurs, insurance specialists, and technology professionals dedicated to enhancing cyber resilience across Europe [stoik.com/a-propos]. The company's mission is to act as the CISO of Europe, helping businesses navigate and mitigate the evolving threat of cyber risk [stoik.com/en/about].

At the helm is Jules Veyrat, who serves as President, having embarked on the cyber insurance journey in late 2020 as an experienced entrepreneur [stoik.com/a-propos].

Alexandre Andreini holds the position of Chief Risk Officer (Director des Risques/Risk Manager), bringing his prior expertise as a cybersecurity consultant at Wavestone to oversee Stoïk's risk teams [stoik.com/a-propos].

Nicolas Sayer is the Chief Product and Technology Officer (CPTO), responsible for the company's technological and product innovation, leveraging his extensive background in French fintechs [stoik.com/de-de/ueber-uns].

In terms of regional leadership, Stoïk has established strong local teams.

Thomas Renaud is the General Manager for France, while Franziska Geier holds the position of Managing Director for Germany and Austria [stoik.com/courtiers]. These key executives, along with dedicated teams in sales, underwriting, and key account management, ensure that Stoïk effectively supports its broker partners and insured businesses in managing cyber risks and implementing robust prevention tools [stoik.com/de/makler].

Financials

Stoïk Financial Performance, Fundraising, M&A

Stoïk has demonstrated significant financial growth through multiple successful funding rounds, positioning itself as a key player in the European cyber risk insurtech market. The company recently completed a Series C funding round, raising an impressive €20 million. This round was jointly led by Impala, a new investor owned by the Veyrat family, and existing investor Opera Tech Ventures [https://www.stoik.com/nl-be/series-c-fundraising]. This capital injection is intended to strengthen Stoïk's position in the European cyber risk market, underscoring its ambition to serve companies with revenues up to €1 billion [https://www.stoik.com/en-us/pr-series-c].

Prior to its Series C, Stoïk secured €11 million in a Series A funding round, bringing the total funds raised at that time to nearly €15 million [https://www.stoik.com/en-us/pr-fundraising-june-2022]. This Series A round was notable for attracting significant investors, including a16z, alongside renowned business angels such as Henri De Castries (former CEO of AXA) and Julian Teicke (CEO of wefox), as well as existing investors Alven and Anthemis Group [https://www.stoik.com/cp-serie-a]. These investments highlight strong confidence from venture capital firms and industry leaders in Stoïk's innovative approach to combining insurance and cybersecurity.

While specific revenue figures or overall company valuations beyond the funding round amounts are not publicly disclosed, the consistent ability to secure substantial investment indicates a healthy financial trajectory. The company's focus on cyber resilience for Europe, targeting PME and ETI (small and medium-sized enterprises and mid-cap companies) with coverage up to €10 million, suggests a robust business model with a broad market appeal [https://www.stoik.com/en-us/about].

Stoïk's expansion into new markets, such as the Netherlands, further reflects its growth strategy and commitment to becoming a leading CISO of Europe [https://www.stoik.com/en-us/pr-netherlands].

Partnerships

Stoïk Partnerships, Clients and Vendors

Stoïk (stoik.com) has built a robust ecosystem of partnerships with major financial institutions, leading cybersecurity providers, and established insurers to deliver comprehensive cyber risk management. Notably, Stoïk partnered with BNP Paribas to become its exclusive cyber risk protection partner for enterprise clients, particularly SMEs and mid-caps, which are highly susceptible to cyber threats [stoik.com/bnpparibas]. This collaboration highlights Stoïk's ability to meet the rigorous demands of a top-tier bank and extend its reach to a broad client base.

In the cybersecurity domain, Stoïk has forged a strategic alliance with CrowdStrike, a global leader in Endpoint Detection and Response (EDR), to launch "Stoïk MDR" (Managed Detection & Response) [stoik.com/en-us/pr-mdr-offer]. This partnership leverages CrowdStrike's advanced AI algorithms and scalable architecture to provide SMEs with sophisticated security solutions typically reserved for larger corporations, effectively combating ransomware at a more accessible cost. The "Stoïk MDR" offering is distributed through Stoïk's network of partner brokers, further strengthening its integrated approach to cyber insurance and prevention.

Stoïk also collaborates with prominent insurers to bolster its underwriting capacity and market penetration. It has partnered with Axeria, a French multi-specialist property and casualty insurer, to enhance its cyber risk underwriting capabilities and solidify its position in the French market [stoik.com/cp-axeria]. Furthermore, Stoïk has established a significant partnership with Tokio Marine HCC International, initially expanding its coverage capacity up to 5 million euros for companies with up to 500 million euros in revenue, and later reinforcing this to 7.5 million euros for companies up to 750 million euros in revenue [stoik.com/cp-tmhcc, stoik.com/cp-extension-capacite-750]. These alliances enable Stoïk to offer substantial and comprehensive cyber insurance solutions to a wider range of businesses. The company also actively engages with insurance brokers, providing a dedicated online platform and resources to help them effectively assist clients with cyber risk management [stoik.com/en-us/brokers, stoik.com/courtiers]. In an effort to expand its European footprint, Stoïk has acquired CyberContract in Belgium, marking its entry into the Belgian market [stoik.com/en-us/pr-acquisition-cybercontract-belgium].

Events

Stoïk Event Participations

Stoïk (stoik.com) actively engages with its community and partners through various events, aiming to foster knowledge sharing and reinforce its commitment to cybersecurity. One notable upcoming event is the Cocktail de rentrée on September 19, 2024, at the Mama Shelter Lyon, where attendees can connect with the Stoïk team and cyber experts [https://www.stoik.com/lyon-sept-2024]. This gathering provides a valuable opportunity for networking and discussing the latest in cyber risk management.

Beyond specific events, Stoïk maintains a comprehensive Ressources hub on its website, offering a wealth of information to its audience [https://www.stoik.com/ressources]. This platform includes news and expert advice designed to simplify the understanding of cyber risk, demonstrating Stoïk's dedication to educating and empowering businesses and brokers.

Stoïk also publishes insightful reports and guides, such as its annual Cyber Claims Report and specialized white papers like "Les retailers face au risque cyber," which delve into critical aspects of cybersecurity and its impact on various sectors [https://www.stoik.com/en][https://www.stoik.com/risque-cyber-retail-e-commerce]. These resources, along with online training and articles for brokers, serve as ongoing educational events, helping partners better advise their clients on cybersecurity matters [https://www.stoik.com/courtiers].

Frequently Asked Questions

What does Stoïk's recent €20 million Series C funding, jointly led by Impala and Opera Tech Ventures, signal about its market strategy?

Stoïk's Series C funding round, raising €20 million, indicates a strategic focus on strengthening its position in the European cyber risk market. This capital injection is intended to support its ambition to serve companies with revenues up to €1 billion, suggesting a move towards larger enterprise clients and broader market penetration within Europe.

What do Stoïk's consistent hiring efforts across multiple European countries (France, Germany, Netherlands, Spain) imply about its strategic growth?

Stoïk's active and consistent hiring across France, Germany, the Netherlands, and Spain signals an aggressive European expansion strategy. The company is building out localized teams to support its mission of becoming the 'CISO of Europe' and to address the specific cybersecurity insurance needs of diverse regional markets.

How does Stoïk's 'Stoïk Protect' platform, included with its cyber insurance, differentiate its product offering from traditional cyber insurers?

Stoïk Protect differentiates Stoïk by integrating proactive cybersecurity prevention directly with its insurance policies, moving beyond traditional reactive coverage. This all-in-one platform provides an immediate overview of cyber risk exposure and identifies priority areas for action, aiming to reduce incidents by half and enable an average recovery time of 12 hours post-attack.

What does the partnership between Stoïk and BNP Paribas as an exclusive cyber risk protection partner indicate about Stoïk's market validation and reach?

The exclusive partnership with BNP Paribas signifies strong market validation for Stoïk, demonstrating its capability to meet the stringent demands of a major financial institution. This collaboration also significantly extends Stoïk's reach to BNP Paribas's enterprise clients, particularly SMEs and mid-caps, bolstering its position in the European market.

What is the strategic implication of Stoïk's alliance with CrowdStrike to launch 'Stoïk MDR'?

The alliance with CrowdStrike for 'Stoïk MDR' is a strategic move to offer advanced cybersecurity solutions, typically reserved for large corporations, to SMEs at a more accessible cost. This partnership enhances Stoïk's integrated cyber insurance and prevention model by incorporating leading Endpoint Detection & Response (EDR) technology with continuous expert monitoring, distributed through its broker network.

How do Stoïk's key leadership appointments, such as Jules Veyrat (President) and Alexandre Andreini (Chief Risk Officer), influence its strategic direction?

The leadership team, including President Jules Veyrat and CRO Alexandre Andreini, leverages seasoned entrepreneurial, insurance, and technology expertise to guide Stoïk's strategic direction. Their combined experience supports the company's mission to be the CISO of Europe by blending innovative cyber insurance products with robust risk management and technological advancements.

What does Stoïk's acquisition of CyberContract in Belgium signify for its European market expansion strategy?

Stoïk's acquisition of CyberContract in Belgium marks a direct entry into the Belgian market, signaling an aggressive organic and inorganic expansion strategy across Europe. This move aims to strengthen its regional footprint and further its goal of enhancing cyber resilience across the continent.

Given Stoïk's focus on SMEs and ETIs with revenues up to €1 billion and coverage up to €10 million, what market gap is it primarily addressing?

Stoïk is primarily addressing the market gap for comprehensive and integrated cyber risk management solutions for small and medium-sized enterprises (SMEs) and mid-cap companies (ETIs). These businesses, often underserved by traditional insurers and lacking in-house cybersecurity expertise, benefit from Stoïk's combined offering of prevention, insurance, and 24/7 expert support to manage significant cyber threats.

How does Stoïk's commitment to publishing annual Cyber Claims Reports and specialized white papers like 'Les retailers face au risque cyber' contribute to its competitive positioning?

Stoïk's publication of annual Cyber Claims Reports and specialized white papers like 'Les retailers face au risque cyber' enhances its competitive positioning by establishing it as a thought leader in cybersecurity. These resources educate the market, empower brokers, and reinforce Stoïk's expertise in understanding and mitigating sector-specific cyber risks, building trust and authority.

What does Stoïk's ability to increase its underwriting capacity with Tokio Marine HCC International to €7.5 million for companies up to €750 million in revenue imply about its growth and risk appetite?

Stoïk's increased underwriting capacity with Tokio Marine HCC International, expanding to €7.5 million for companies up to €750 million in revenue, implies a growing maturity, increased market confidence, and a strategic intent to serve larger clients within its target market of SMEs and mid-cap companies. This demonstrates an expanding risk appetite and enhanced capability to provide substantial coverage.

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