Cowbell Cyber Raises $100 Million in Series B Funding to Further Revolutionize Cyber Risk Underwriting
Led by
"Since its 2019 inception, Cowbell has delivered on its promise to meet the needs of our policyholders by aligning cyber coverage to their specific exposures, continuously monitoring their rapidly changing threat landscape, and offering access to unique risk mitigation resources," said
A Gallagher Re report predicts that the cyber reinsurance market will double in size every three years, becoming comparable in size to property catastrophe or casualty by 2040. Cowbell estimates that cyber insurance in-force premiums in the
As part of the funding,
"With its unique approach to cyber risk underwriting and continued collaboration with cybersecurity suppliers, Cowbell Cyber has positioned itself as the leader in the cyber insurance space for SMEs," said
Cowbell has developed the largest cyber insurance distribution network in the
About Cowbell Cyber
Cowbell Cyber offers standalone, individualized, and easy-to-understand cyber insurance for small and medium-sized enterprises. In its unique AI-based approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue to less than 5 minutes.
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SOURCE Cowbell Cyber
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