Cowbell Cyber updates model to underwrite larger risks

Cowbell Cyber, a start-up focused on artificial intelligence (AI)-powered cyber insurance for small to mid-sized enterprises, has unveiled platform enhancements to enable underwriting of bigger risks with better accuracy and speed.

The start-up seeks to remove barriers for the adoption of cyber insurance by making it accessible to all businesses and policyholders

"Cyber has lacked transparency with paper-based applications, unverifiable data and policies and premiums offered based on industry and company size alone," said Rajeev Gupta, CPO and co-founder at Cowbell Cyber. "Thanks to capabilities added to our platform on a weekly basis and new data sources, Cowbell Cyber continues to bring rapid innovation to its cyber insurance products, taking on larger underwriting capacities with extreme accuracy and speed, all while adding simplicity to the process for agents."

Ed Breman, founder and principal at Cyber Armada Insurance, added: "Cowbell Cyber's applied machine learning to a broad set of security observations to provide recommendations and alerts to policyholders, ultimately helping to prevent and detect an attack while also managing risk mitigation in the aftermath of attacks."