Nir Perry
featIsraeli company Cyberwrite has won Samsung’s global innovation competition — Samsung Financial C-Lab Outside 2025. Hundreds of technology companies from around the world applied across AI, cyber, fintech, and more, with over 300 examined in depth. Cyberwrite is one of four winners across advanced-technology categories and the only winner in cyber and insurance. In addition, the company won 1st place in the People’s Choice award. As part of the win, Cyberwrite’s technology will be showcased at Samsung’s booth at CES 2025 in Las Vegas, and subsequently Samsung will use the company’s product for insurance, IoT, and other purposes.
Cyberwrite, the first Israeli company to win this prestigious competition, won the Insurtech category for developing an AI platform that forecasts cyber-catastrophe losses, manages cyber risk, and supports insurance underwriting. The company helps its customers—insurers, brokers, and financial institutions worldwide—assess exposures and quantify potential losses in real time, based on cyber intelligence and AI technology.
Founded in 2017, Cyberwrite’s products are currently used in 50+ countries and 7 languages by leading insurers, including Markel Group, HSB Munich Re, Howden, and others. To date the company has raised only $8 million across two rounds from U.S. and European funds and has been supported by the Israel Innovation Authority (Chief Scientist). The company operates on recurring revenues from customers worldwide and employs about 25 people at its New York headquarters, its R&D center in Israel, and other locations globally. The company is led by CEO Nir Perry and Chief Data Scientist Rami Priant.
As part of the competition, Samsung evaluated Cyberwrite’s technology for predicting cyber losses and using AI in insurance underwriting processes to improve risk assessment and exposure management for insurers. During the program, Cyberwrite CEO and Founder Nir Perry presented the company’s products to senior Samsung executives in Seoul, and Cyberwrite’s product was used to collect information and calculate cyber-risk levels and financial loss estimates for commercial companies for cyber-insurance purposes across Asia.
Nir Perry, CEO and Founder of Cyberwrite, said:
“Winning Samsung’s competition is a great honor. We were selected from among hundreds of amazing companies, which speaks to the strength of the AI technology we’ve built for predicting cyber losses—a critical component in dealing with the rising wave of cyberattacks on organizations. We see this as proof that our real-time exposure-analysis approach provides a true answer to companies’ needs worldwide. For us, this victory is not only an achievement but also an opportunity for further collaboration. Combining our AI capabilities with the infrastructure and technologies of global corporations like Samsung is paving the way for a new generation of smart solutions for cyber-risk management and insurance.”
Dong-Joo Lee, Cyber TF, Samsung Fire & Marine Insurance, said:
“We were highly impressed by Cyberwrite’s technology and its ability to gather significant, real-time cyber-risk data on any company. By combining AI with advanced cyber intelligence, Cyberwrite addresses one of modern insurance’s most complex challenges: quantifying cyber risk in financial terms. The platform delivers immediate financial assessments and compares risk levels for cyberattacks and cyber catastrophes. The technology has already proven effective in our collaboration, and we look forward to exploring how it can further support Samsung’s initiatives following the C-Lab win in additional areas.”
Howden, one of the world’s largest international insurance brokers, forecasts that the global cyber-insurance market will reach $43 billion by 2030. This growth is expected to be driven by a more stable underwriting environment and expansion beyond the U.S., with key European and Asian markets showing significant potential. However, achieving these higher targets depends on factors such as market diversification, risk management, capital attraction, and the use of advanced risk-management technologies.
The winning technology will be showcased at CES 2025, which will focus on artificial intelligence, the Internet of Things (IoT), robotics, and digital health.
