ConvergeElements™
ConvergeElements™ is a cyber insurance product underwritten by Converge Insurance LLC (Converge Insurance (USA)), available in USA. It is aimed at small and medium-sized businesses. Coverage limits reach up to Bespoke.. The policy extends beyond standard cyber liability with Cyber crime / FTF and Primary & excess. Policyholders get 4 bundled proactive services — Risk assessment, Incident response, Risk platform / portal and Pre-breach advisory — designed to reduce breach risk before a claim ever happens. The carrier holds an AM Best rating of A++ (Superior) – AM Best (QBE North America; primary capacity).. It is distributed through insurance brokers.
Product Details§ 01
Advantages & Limitations§ 02
Advantages
- Converge: specialist cyber MGA; New York-based; founded 2022; adversary-focused underwriting methodology; SOC 2 Type I compliant.
- Proprietary technology platform: ingests data from applications, external system scans, underwriting/claims workspaces, insured/broker portals, analytics workspaces.
- In-house cyber security experts on staff; in-house dedicated claims team.
- Converge Fusion Report: proprietary pre-loss risk assessment delivered to all policyholders.
- Capacity: QBE North America (A++ AM Best; primary capacity provider) + Obsidian Insurance Group (expanded to $1B revenue, Feb 2025; backed by panel of top reinsurers).
- Non-admitted (E&S) basis via QBE North America's insurance companies.
- API access: brokers can access cyber coverage and manage claims directly via Converge API.
- ConvergeElements™: comprehensive cyber policy; customizable based on unique exposures; primary and excess placements available; Converge Fusion Report included.
Limitations
- Primary and excess cyber coverage via select agents and brokers.
- Revenue up to $100M.
- USA only (E&S non-admitted).
- Broker/wholesale distribution.
Contact & Response§ 03
Frequently asked questions§ 04
+Who is ConvergeElements™ designed for?
ConvergeElements™ by Converge Insurance LLC targets small and medium-sized businesses in USA. Geographic scope: USA..
+What proactive security services are included with ConvergeElements™?
The policy bundles 4 proactive services: Risk assessment, Incident response, Risk platform / portal and Pre-breach advisory. These preventive services are typically included in the premium.
+Does ConvergeElements™ help with NIS2 or DORA compliance?
Converge Insurance LLC indicates the following NIS2/DORA support for this product: Not applicable..
+How can I buy ConvergeElements™ in USA?
ConvergeElements™ is sold through insurance brokers — broker contact: https://www.convergeins.com/brokers. Compare it with alternatives in USA on Ryskly before approaching a broker.