Mosaic's DeLong expects cyber to be its biggest line of business by end of 2025

By James Thaler

June 19 - (The Insurer) - Cyber will be Mosaic's largest business line by year-end, its newly appointed global engagement officer Yosha DeLong said, as the company pursues its ambition to be among the world's top three cyber insurers.

“Cyber is going to be our biggest line of business by the end of this year – a huge focus area for us – so I'll be working closely with the team,” DeLong, who joined Mosaic at its founding in early 2021 and was global head of cyber until this month, told The Insurer TV at the Insurtech Insights USA conference in New York City.

“We're bringing on some additional people in the U.S. We actually just hired an additional person in Dubai. We have an office in Singapore, but nobody there for cyber right now. Our ambition is to be one of the top three cyber carriers in the world,” said DeLong.

“We want to be higher-thinking underwriters that can make decisions and really come up with solutions for our clients that are really focused on what the client actually needs, and not just what we think they need," she added.

DeLong said Mosaic does not need to “compromise” on pricing as it continues to capture market share in cyber.

“We do it all through our service and our claims handling and our claims and underwriting alignment, which are things that really resonate with our clients,” said DeLong. She added that Mosaic has 32 cyber underwriters and that she will work with the cyber team on how it can push out innovative products and help brokers and clients advance in their cyber needs.

DeLong also highlighted progress in Mosaic’s environmental team, which was launched last year and now has 14 staff, and said the company would announce some additional lines of business in the next couple of months.

Mosaic had created many of its own systems since launching and its goal has been to create data lakes to store information and enable it to pull data in a structured manner, which she said could then be used in both underwriting and accumulation management, and to help trading partners make decisions.

“We've taken a really fresh approach to it, and building our own systems, it's a huge advantage with that,” she said.