Cowbell Cyber | February 04, 2021
Cowbell Cyber, the business' first AI-controlled cyber insurance supplier for small to mid-sized organizations (SMBs), today reported Cowbell Connect, its accomplice program which arms policyholders with complete, closed-looped risk management. Cowbell Connect joins an abundance of ability and assets from an assortment of accomplices to address perhaps the greatest danger to organizations: cyber episodes.
Organizations have consistently been fundamental to Cowbell's capacity to quickly fabricate imaginative cyber insurance programs that nearby the insurability hole for policyholders and bring velocity, effortlessness and adaptability to policyholders and insurance dissemination. Cowbell Connect fortifies Cowbell's closed-circle way to deal with cyber risk management by packaging cyber inclusion with risk appraisal, evaluation, and moderation just as pre-and post-penetrate administrations.
"The complex worlds of cybersecurity and insurance have traditionally operated in silos. Cowbell Cyber brings the two worlds together to make it easy for policyholders to understand where they stand against today's biggest cyber threats," said Isabelle Dumont, Vice President of Market Engagement at Cowbell Cyber. "Cowbell Connect brings together the richest partner ecosystem made up of partners and experts to enable closed-loop risk management from identification, quantification, remediation and financial protection."
Cowbell Connect partners range from data aggregators, cybersecurity vendors and service providers to digital aggregators and risk mitigation services:
Data Aggregators that contribute to Cowbell's ability to continuously assess risk. This includes Advisen, Dun & Bradstreet, DarkOwl which are augmenting Cowbell's own proprietary attack surface monitoring scanners.
Cloud Providers that manage a significant infrastructure footprint for their clients such as email, collaboration tools, application services and computing capacity. This includes Microsoft 365, Azure, AWS and Google. Cowbell integrates with these partners through APIs to bring deep, timely cyber risk insights to policyholders and recommendations on how to improve their risk profile.
Cybersecurity Platforms that manage and monitor specific aspects of a business security. This includes Qualys for vulnerability, compliance and container security; Safeguard for providing security and compliance to social media, collaboration and chat communication channels; and Security Studio for MSSPs.
Training Providers, such as Wizer, that bring on-going security awareness training to insureds' employees and building the first line of defense against phishing email and ransomware attacks.
Managed Service Providers that handle security for many businesses in the form of consulting services, managed services, or outsourcing.
Incident Response Services that are part of our claim panels and bring expertise on ransomware incidents, forensic, legal and recovery activities in the aftermath of an incident.
Digital Platforms and Ecosystems: Cowbell integrates bidirectionally with a host of channels, platforms and ecosystems including reinsurers, brokers and agents, aggregators, and networks.
Industry Associations including Independent Insurance Agents & Brokers of America (IIAB), the Insurance Agency Owners Alliance (IOAO), the Insurance Connector, and the Stay Safe Online program.
"Businesses need a 360-degree view of their cyber risk that is continuously updated and includes vulnerabilities, cloud threats, and compliance gaps," said Karun Malik, Vice President of Strategic Alliances and Channel Development, Qualys. "We are pleased to be working with Cowbell Cyber to provide cyber insurance applicants and policyholders with risk insights that allow them to keep their business safe and mitigate risks prior to an incident."
"Cyber incidents such as ransomware, or other attacks, can be a life or death experience for businesses. Timely handling of such attacks by an experienced breach coach is paramount," said John Mullen from Mullen Coughlin. "We welcome the opportunity to assist Cowbell's policyholders with a ransomware hotline and collaborate with Cowbell Cyber on incident response."
About Cowbell 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. 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. Cowbell Insurance Agency is currently licensed in 50 U.S. states and the District of Columbia and provides SMBs with admitted cyber insurance on AM Best "A" rated paper with up to $15 Million in coverage.
Business Wire | October 12, 2020
Lockton, the world’s largest independent broker, is rolling out CyberCube’s Broking Manager, the cyber risks analytics platform for insurance intermediaries. Established in 1966, Lockton has over 60,000 clients globally and is the world’s eighth-largest insurance brokerage. The business has over 100 offices in over 125 countries. CyberCube has designed and tailored Broking Manager specifically to the needs of the insurance broking community. It offers a streamlined approach to generating financial exposure impact that helps clients make informed decisions on coverages and limits. Broking Manager will allow Lockton’s teams to quantify the sources and financial impact of cyber risk exposure and educate clients accordingly. The platform also produces reports that can be used to educate prospects and clients on potential sources of loss, recent and relevant cyber events, and peer-to-peer benchmarking.
Cision PR Newswire | September 15, 2020
NexPhase Capital, LP, an operationally focused private equity firm and sub-advisor to the Moelis Capital Partners ("MCP") Opportunity Funds, today announced that it has entered into a definitive agreement to sell Insurance Technologies, LLC a provider of sales and regulatory automation solutions for the insurance and financial services industries, to Thomas H. Lee Partners. Through investments in people, processes, and products, NexPhase has worked closely with InsTech's management team to drive dynamic advancement of a truly digital sales lifecycle solution within a single platform. NexPhase has also supported the Company's efforts to further expand both the FireLight® and ForeSight® solutions, which have provided and continue to provide value to InsTech's clients and the insurance and financial services industries. Since partnering with the NexPhase team in 2014, the Company has experienced significant growth by expanding its carrier and distributor client bases.