Draft:Cowbell Cyber

Coalition Releases Cyber Insurance Claims Report Detailing Increased Ransomware Demands in 2021

Retrieved on: 
Tuesday, July 27, 2021

SAN FRANCISCO, July 27, 2021 /PRNewswire/ -- Coalition, the leading cyber insurance and security provider, today announced the results of its H1 2021 Cyber Insurance Claims Report. Coalition analyzed claims data through June 2021 from 50,000 customers in the United States and Canada. Coalition's analysis reveals that ransom demands have grown substantially over the past year, smaller companies are increasingly targeted, and cyber criminals continue to take advantage of dislocations in how we work.

Key Points: 
  • SAN FRANCISCO, July 27, 2021 /PRNewswire/ -- Coalition ,the leading cyber insurance and security provider, today announced the results of its H1 2021 Cyber Insurance Claims Report .
  • From the first half of 2020 to 2021, Coalition found that funds transfer fraud (FTF) attacks increased 28% and business email compromise attacks increased 51%.
  • Coalition's H1 2021 Cyber Insurance Claims Report reveals top cyber crime trends, the continued impact of the COVID-19 on cyber risk exposure, and predictions for the state of cyber crime in 2021 and beyond.
  • Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk.

Talage Announces Partnership with Cowbell Cyber

Retrieved on: 
Tuesday, July 20, 2021

RENO, Nev., July 20, 2021 (GLOBE NEWSWIRE) -- Talage , a provider of digital distribution software solutions for commercial insurance, is pleased to announce a partnership with Cowbell Cyber (Cowbell) , a provider of next-generation cyber insurance for commercial businesses enabling appointed agents to process cyber coverages on Talages Wheelhouse platform .

Key Points: 
  • RENO, Nev., July 20, 2021 (GLOBE NEWSWIRE) -- Talage , a provider of digital distribution software solutions for commercial insurance, is pleased to announce a partnership with Cowbell Cyber (Cowbell) , a provider of next-generation cyber insurance for commercial businesses enabling appointed agents to process cyber coverages on Talages Wheelhouse platform .
  • Pioneering a unique approach to cyber insurance, Cowbell combines artificial intelligence (AI)-powered cyber insurance with a continuous underwriting platform and modern technology from partners, like Talage.
  • Our goal with Cowbell and our proprietary Cowbell Factors is to simplify the quantification of cyber risk and make cyber insurance accessible to all businesses.
  • Cowbell Cyber is dedicated to providing standalone, admitted, individualized, and easy-to-understand cyber insurance for small and mid-size businesses.

Cowbell Cyber Lands Top 10 Rank in Insurtech Insights' Future50 Americas List

Retrieved on: 
Thursday, July 15, 2021

PLEASANTON, Calif., July 15, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced it has been recognized on Insurtech Insights ' Future50 Americas list.

Key Points: 
  • PLEASANTON, Calif., July 15, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced it has been recognized on Insurtech Insights ' Future50 Americas list.
  • Out of thousands of companies, Cowbell Cyber ranked number 10 on the list and was the highest-ranked cyber insurance provider.
  • Cowbell Cyber makes cyber insurance coverage accessible to all businesses with protection that can evolve with the rapidly changing threat landscape.
  • "This recognition on the Insurtech Insights' Future50 list validates our overall mission to bring standalone, admitted individualized and easy-to-digest cyber insurance to all businesses.

Cowbell Cyber Extends Partner Program to Managed Security Service Providers (MSSP)

Retrieved on: 
Wednesday, June 16, 2021

PLEASANTON, Calif., June 16, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), announced a new extension of its partnership program, Cowbell Connect , to include Managed Security Service Providers (MSSPs).

Key Points: 
  • PLEASANTON, Calif., June 16, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), announced a new extension of its partnership program, Cowbell Connect , to include Managed Security Service Providers (MSSPs).
  • "MSSPs are an important partner in the ecosystem of cyber risk management," saidIsabelle Dumont, VP of Market Engagement at Cowbell Cyber.
  • "We recognized early on that cyber insurance was very important for service providers," says Nathan Korterba, VP of Product & Integrations at Blackpoint Cyber.
  • Cowbell Cyber is dedicated to providing standalone, admitted individualized, and easy-to-understand cyber insurance for businesses with up to $1 Billion in revenue.

Best’s Market Segment Report: Ransomware and Aggregation Issues Call for New Approaches to Cyber Risk

Retrieved on: 
Wednesday, June 2, 2021

With the cyber risk hazard environmentransomware, business interruption and aggregationworsening significantly, prospects for the U.S. cyber insurance market are grim, according to a new AM Best report.

Key Points: 
  • With the cyber risk hazard environmentransomware, business interruption and aggregationworsening significantly, prospects for the U.S. cyber insurance market are grim, according to a new AM Best report.
  • The Bests Market Segment Report, Ransomware and Aggregation Issues Call for New Approaches to Cyber Risk, notes that cyber insurance, which began as a diversifying, secondary line and another endorsement on policies, is now a primary component of a corporations risk management and insurance purchasing decisions.
  • Consequently, according to the report, insurers urgently need to reassess all aspects of their cyber risk, including their appetite, risk controls, modeling, stress testing and pricing, to remain a viable long-term partner dealing with cyber risk.
  • Standalone cyber insurance policies, up 28% in 2020, have seen a higher rate of growth compared with packaged policies, which indicates organizations escalating concerns about cyber risk.

Coalition Partners With SentinelOne to Protect Customers From Ransomware and Cyber Threats

Retrieved on: 
Tuesday, June 1, 2021

The partnership offers customers of both Coalition and SentinelOne financial incentives to adopt EDR solutions and cyber insurance to promote a more holistic risk management strategy.

Key Points: 
  • The partnership offers customers of both Coalition and SentinelOne financial incentives to adopt EDR solutions and cyber insurance to promote a more holistic risk management strategy.
  • In 2020, 47 percent of cyber insurance claims reported to Coalition were ransomware attacks and targeted businesses of all sizes.
  • Coalition's unique product and partner offering combines best-in-class cyber insurance and proactive cybersecurity tools to help organizations manage cyber threats and protect the value of their entire business.
  • Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk.

Semsee Partners With Cowbell Cyber To Bring AI-Powered Cyber Insurance To Its Quoting Platform

Retrieved on: 
Tuesday, March 23, 2021

NEW YORK, March 23, 2021 /PRNewswire/ --Semsee, the leading automated small commercial quoting solution for agents, has partnered with Cowbell Cyber to offer agents the ability to quickly and efficiently quote standalone cyber coverage from its platform.

Key Points: 
  • NEW YORK, March 23, 2021 /PRNewswire/ --Semsee, the leading automated small commercial quoting solution for agents, has partnered with Cowbell Cyber to offer agents the ability to quickly and efficiently quote standalone cyber coverage from its platform.
  • Cowbell's admitted cyber insurance programs are written on "A" rated paper and available in 40 states across the US to accounts up to $250 million in revenue.
  • "The small business cyber insurance market is a big opportunity for agentsbut there's still a lot of education that needs to be part of the sale.
  • Cowbell Cyber is dedicated to providing standalone, admitted, individualized and easy-to-understand cyber insurance for businesses with up to $1 Billion in revenue.

Coalition Raises $175M to Build the Future of Commercial Insurance

Retrieved on: 
Wednesday, March 17, 2021

Nearly one in ten Fortune 500 companies is an insurance company, yet most were founded before World War II.

Key Points: 
  • Nearly one in ten Fortune 500 companies is an insurance company, yet most were founded before World War II.
  • With this funding, we plan to bring our technology-driven approach to other lines of commercial insurance as we seek to build the digital insurance company of the future."
  • With this funding, Coalition plans to invest in three key areas:
    Build the digital insurance company of the future.
  • Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk.

Selective Survey Finds Majority Of Small Businesses Lack Cyber Insurance Coverage

Retrieved on: 
Monday, March 15, 2021

Yet, only 20% of survey respondents have cyber insurance coverage.

Key Points: 
  • Yet, only 20% of survey respondents have cyber insurance coverage.
  • Twenty-eight percent of data breaches impact small businesses, and phishing attacks account for over 30% of breaches, making them the biggest cyber threat for small organizations.1 Cyber coverage from Selective can help small businesses manage and mitigate risks with comprehensive coverage options and cyber threat education.
  • "The pandemic has brought countless challenges to small businesses, including a pressing need to protect against cyber threats.
  • "Small businesses need a concerted approach to mitigate the detrimental financial and reputational risks associated with a data breach cyber insurance coverage is an instrumental first step."

Cowbell Cyber Raises $20 Million In Series A Funding to Scale AI-Powered Cyber Insurance Offering

Retrieved on: 
Thursday, March 11, 2021

PLEASANTON, Calif., March 11, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced that it has closed $20 Million in Series A funding to scale its game-changing offering for continuous underwriting and closed-loop risk management.

Key Points: 
  • PLEASANTON, Calif., March 11, 2021 /PRNewswire/ -- Cowbell Cyber , the industry's first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced that it has closed $20 Million in Series A funding to scale its game-changing offering for continuous underwriting and closed-loop risk management.
  • Cowbell Cyber will continue aggressively growing its risk pool of 10 million continuously monitored organizations and its network of more than 4,500 agents and brokers that now distribute all of Cowbell's cyber insurance programs.
  • "Through its cutting-edge, AI-powered platform, Cowbell Cyber is well-positioned to disrupt today's explosive cyber insurance market and redefine the industry," said Martha Notaras, Managing Partner, Brewer Lane Ventures.
  • Cowbell Cyber is dedicated to providing standalone, admitted individualized, and easy-to-understand cyber insurance for businesses with up to $1 Billion in revenue.