
Reinventing Finance · 2026-02-19 · 54 min
In this episode of the Reinventing Finance Podcast, KASKO CEO & Co-Founder Nikolaus Sühr and VIG Platform Partners CEO Dr. Ronald Engel speak with Vincenz Klemm , CEO & Co-Founder of Baobab , about building a next-generation cyber MGA and what it really takes to underwrite digital risk. Here are some of the key topics discussed in the episode: - how Baobab evolved from a US insurtech success story to a European cyber MGA - why cyber insurance must integrate risk mitigation, not just risk transfer - what brokers need to actually sell cyber effectively in the mid-market - how to prove that “active cyber” prevention measurably reduces losses - why outside-in scanning alone is insufficient for robust underwriting - how accurate attack surface mapping improves speed and pricing - what NIS2 means for insurability and cyber investment across Europe - why rising cybersecurity spend does not reduce the need for risk transfer - how geopolitical tensions influence cyber risk awareness and demand A practical discussion on underwriting discipline, prevention technology and the future of cyber insurance for European SMEs and the mid-market.