Cowbell Cyber, provider of cyber insurance for small and medium-sized enterprises (SMEs), has launched its Cyber Risk Heatmap.
According to Cowbell Cyber, the heatmap is the market’s most data-rich and dynamic evaluation of cyber risk portfolios, and provides all of Cowbell’s agencies and brokers, insurance and reinsurance partners, and underwriters with immediate visibility into the distribution of covered risk in their portfolios.
This improved visibility, Cowbell said, allows it and its partners to develop a balanced book of business, manage growth for profitability and improve the overall risk profile of each portfolio.
According to Cowbell’s recent research, 71% of policyholders want their cyber insurance provider to give recommendations to minimize risk exposure.
Rajeev Gupta, co-founder, and chief product officer at Cowbell Cyber, said, “In a world where cyber insurance is becoming harder to obtain due to the volatile nature of cyber risks, Cowbell Cyber Heatmap allows us and our partners to quickly analyze the standing of any insurance book of business.
“The innovation Cowbell has brought to the cyber insurance landscape has, once again, allowed us to remain steadfast in our approach to properly assess and cover risk in the most rigorous manner.”
Cowbell’s Cyber Risk Heatmap is available to all of Cowbell’s 16,000 agency producers at no cost and is updated on a continuous basis to include the latest risk profile data to ensure accuracy.
Earlier this year, Cowbell Cyber raised $100m in Series B funding led by Anthemic. At the time, the company said it would use the funding to fuel go-to market expansions, along with risk engineering and claims management capabilities.
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