Protos Labs

Cohort: Cohort 11, 2023

Focus in insurance value chain: Loss Modelling, Risk Mitigation, Point of Underwriting

Specific lines of business supported: Cyber

Founded: 2021

Status: Operating, still in insurance

Company type: Cyber Insurance Provider & Specialists

Head office: Singapore

Locations served: Singapore, Malaysia

Employee count: 11-100

Protos Labs, a Singapore-based insurtech, addresses the high costs of cyber premiums through advanced risk analytics. Their proprietary model considers 360-degree data points, creating comprehensive cyber risk assessments that sets them apart from typical approaches and contributes to a safer and secure Asia.

Protos Labs’ main achievements from the Lab included gaining access to cyber underwriters. This allowed them to understand the needs of the market and tailor their product to meet the underwriters’ needs.