"The cyber insurance market is growing at an alarming rate and I am thrilled to welcome both
"Because of the evolving nature of cyber risks, we see an opportunity for cyber insurance to lead the disruption of the underwriting process," says
"Companies around the world rely more than ever on the cloud to run and grow their business and the insurance market needs to reflect this shift in the use of technology," says
Using deep learning techniques and actuarial science, Cowbell Cyber identifies the probability of threat exposure and calculates its financial impacts to an organization, enabling brokers to quote and bind policies in minutes. Built on its patent-pending risk-ratings factor, Cowbell Factor™, Cowbell Cyber's goal is to address the cyber insurability gap for organizations by offering standalone, individualized and comprehensive cyber policies. Cowbell Cyber plans to make its initial cyber insurance policy, Cowbell Prime™, available in Q1 2020 to businesses up to
About Cowbell Cyber
Cowbell Cyber maps insurable threats and risk exposures using artificial intelligence to determine the probability of threats and impact on coverage types for the enterprise. In its unique approach to risk selection and pricing, Cowbell combines risk observability with cyber insurance using Cowbell risk-ratings factor to offer standalone, affirmative and individualized coverage. As a result, small to medium enterprises (SMEs) can obtain insurance via brokers using simplified binding and expedited underwriting process.
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SOURCE Cowbell Cyber