PLEASANTON, Calif., May 6, 2024 – Today at the RSA Conference, Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), is proud to announce it has been recognized as a winner of the Market Leader Cyber InsurTech category in the Cyber Defense Magazine (CDM) 2024 Global InfoSec Awards.
In today’s world of endlessly growing cyber threats, businesses and especially small and medium-sized enterprises (SMEs) are recognizing the critical need for cyber insurance to ensure their companies can withstand the impact of cyberattacks. In fact, according to a recent study, 72% of SMEs without cyber insurance state that a major cyber incident could destroy their business.
Cowbell is a pioneer of adaptive cyber insurance, specializing in cyber and technology errors & omissions (E&O) coverage for SMEs to address current and future threats. In its unique AI-based approach in risk selection and pricing, Cowbell’s continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue in less than five minutes. Cowbell is also dedicated to providing policyholders with educational resources to help improve their cyber hygiene and uphold cybersecurity best practices. This proactive stance contributes to a more stable and secure SME ecosystem, which plays a crucial role in the global economy, employing over 2 billion workers and contributing 57% to the worldwide Gross Domestic Product (GDP).
“Cowbell embodies three major features we judges look for to become winners: understanding tomorrow’s threats, today, providing a cost-effective solution and innovating in unexpected ways that can help mitigate cyber risk and get one step ahead of the next breach,” said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.
Receiving recognition from Cyber Defense Magazine as the top player in the cyber insurtech field reinforces our commitment to delivering cutting-edge cyber insurance solutions to our valued customers,” said Rajeev Gupta, Cowbell’s CPO and co-founder. “This award validates the dedication of our team and our tech-first approach. By leveraging advanced AI technologies, such as generative AI models, we are leading the way toward the future of cyber insurance.”“Receiving recognition from Cyber Defense Magazine as the top player in the cyber insurtech field reinforces our commitment to delivering cutting-edge cyber insurance solutions to our valued customers,” said Rajeev Gupta, Cowbell’s CPO and co-founder. “This award validates the dedication of our team and our tech-first approach. By leveraging advanced AI technologies, such as generative AI models, we are leading the way toward the future of cyber insurance.”
About Cowbell
Cowbell is a pioneer of Adaptive Cyber Insurance, a leader in providing small and medium-sized enterprises (SMEs) coverage adaptable to today’s and tomorrow’s threats and the advanced warning of cyber risk exposures. In its unique AI-based approach in risk selection and pricing, Cowbell’s continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue in less than 5 minutes. Cowbell is backed by 25 prominent leading global (re)insurance partners and serves SMEs in 50 U.S. states, the District of Columbia and the United Kingdom. Founded in 2019, Cowbell is based in the San Francisco Bay Area with employees across the U.S., Canada, India, and the U.K. For more information, please visit https://cowbell.insure/.
About Cyber Defense Magazine
Cyber Defense Magazine is the premier source of cyber security news and information for InfoSec professionals in business and government. We are managed and published by and for ethical, honest, passionate information security professionals. Our mission is to share cutting-edge knowledge, real-world stories and awards on the best ideas, products, and services in the information technology industry. We deliver electronic magazines every month online for free, and special editions exclusively for the RSA Conferences. CDM is a proud member of the Cyber Defense Media Group. Learn more about us at https://www.cyberdefensemagazine.com and visit https://www.cyberdefensetv.com and https://www.cyberdefenseradio.com to see and hear some of the most informative interviews of many of these winning company executives. Join a webinar at https://www.cyberdefensewebinars.com and realize that infosec knowledge is power.
