Cowbell - Experts & Thought Leaders

Cowbell, a pioneering provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, announced the UK launch of Prime One Tech; professional indemnity and cyber coverage for technology companies with up to £1 billion in annual turnover, providing limits of up to £5 million. Prime One Tech combines Cowbell’s flagship Prime One cyber programme with specialised PI technology coverage. It is enhanced by Cowbell Co-Pilot, a Generative AI-powered tool that streamlines underwriting workflows, reducing contract review time by up to 40%. UK’s cyberspace UK boasts the third-largest technology ecosystem, valued at a landmark £902 billion this year The UK boasts the third-largest technology ecosystem globally, valued at a landmark £902 billion this year, and leads Europe in tech market valuation and investment. However, the UK’s cyberspace has also seen hostile activity rise in frequency, sophistication, and intensity recently; up 16% in 2024 compared to the previous year. Risks faced by technology businesses Prime One Tech is designed to meet the specific needs of this segment as well as demands from the broker community to provide tailored solutions that address the broader risks faced by technology businesses. Additionally, Cowbell offers robust in-house claims capabilities, ensuring fast, expert-driven response and support tailored to the unique needs of policyholders in the UK. Key features With no exclusions for proofs, consequential damages, or breach of warranties and no restrictions tied Key features include: coverage for professional indemnity, cyber crime, loss of data or documents, breach of contract, intellectual property infringement, subcontractors, cyber first and third party, media liability, mitigation costs, and unpaid invoices. With no exclusions for guarantees, consequential damages, or breach of warranties and no restrictions tied to business descriptions, it offers unparalleled flexibility and robust risk transfer. Cyber threats and operational challenges Marking the company’s first move beyond standalone cyber insurance in the UK, Claud Bilbao, RVP, Underwriting & Distribution at Cowbell UK, comments on the new launch: “The UK has a robust technology sector that faces an increasingly complex array of both cyber threats and operational challenges.These companies - whether software, hardware, communication, or technology service businesses - need more than just general PI insurance." "They need tailored, innovative solutions that keep pace with the industry’s rapid evolution. With Prime One Tech, we’re delivering exactly that: a comprehensive, adaptive solution covering risks like data breaches, software failures, cyber loss and liability, empowering technology companies to thrive with confidence.”  Access to Cowbell’s patented platform Prime One Tech policyholders also get access to Cowbell’s patented platform, which includes: Cowbell Factors™: Enabling competitive pricing and optimised premiums for businesses with stronger risk profiles, Cowbell’s proprietary risk rating factors assess an organisation’s cyber risk across eight categories, based on data from over 47 million businesses in the UK, US, and Japan.  Cowbell Insights™: Provides real-time recommendations to help policyholders address cybersecurity weaknesses and improve their risk ratings. The platform also sends alerts about emerging cyber threats and offers guidance on protective measures.  Cybersecurity training: Includes phishing simulations and awareness courses at no extra cost for the first 12 months after policy inception. Further developing of digital distribution capabilities Following its UK market entry in 2023 and the launch of its standalone cyber programme, Cowbell Prime One in September, this latest move is supported by partnerships with A+ rated (re)insurers and Cowbell’s recent $60 million investment from Zurich. Bilbao adds: “Looking ahead, our experienced team of underwriters is looking forward to deepening relationships with brokers who specialise in technology accounts and further developing our digital distribution capabilities to better serve the UK market.”

Cowbell, a pioneer provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses. It has expanded its Cowbell Connectors to over 30 integrations with top security and cloud service providers.  Stronger security insights Cowbell Connectors enhance cyber risk assessment and underwriting by drawing on inside-out dataWhile many businesses focus solely on outside-in or partial internal data, Cowbell Connectors enhance cyber risk assessment and underwriting by drawing on inside-out data, securely pulling real-time insights from: Cloud environments like AWS, Azure, and GCP Vulnerability scanners such as Tenable, Qualys, and Rapid7 InsightVM Endpoint security solutions like CrowdStrike, SentinelOne, and SophosIdentity and access management platforms such as Okta, Microsoft Entra, and Arnica Compliance-focused tools like Qualys Policy Compliance and Security Studio. Reducing cyber risk These newly expanded integrations - designed to be used as part of a multi-layered model including outside-in data, dark web intelligence, threat intelligence, loss cost and historical claims, and regulatory compliance - come in response to rising cyber attacks, with the U.S. among the countries with high data breach density. Last year, there were over 6.85 billion known records breached in the U.S., while the average cost of a data breach amounted to 9.36 million U.S. dollars; figures Cowbell expects to rise this year, with advances in AI and geopolitical conflicts both contributing to increased risk.  Strengthening cyber resilience Rajeev Gupta, co-founder & Chief Product Officer at Cowbell, shared: “A 2024 survey among chief information security officers (CISO) in the US showed that almost 9 in 10 organisations were at risk of a material cyberattack in the following 12 months; damaging both reputation and bottom lines. It’s now 2025 and the situation is only worsening; AI advancements have continued, empowering cybercriminals to execute more adaptive and scalable attacks, while geopolitical instability is increasingly manifesting in cyberspace.” “With threats evolving faster than ever, businesses must up their game. This is where - following the launch of our Cowbell Resiliency Services (CRS) unit in February this year - our expanded Cowbell Connectors come in, providing a 360-degree view of businesses’ security posture, bolstered by real-time inside-out insights.”  Optimised cyber coverage Cowbell’s proprietary, AI-driven risk ratings – policyholders pave the way for more precise underwritingBy feeding inside-out insights into Cowbell Factors - Cowbell’s proprietary, AI-driven risk ratings - policyholders can not only address and patch vulnerabilities quickly, but also pave the way for more precise underwriting, ensuring coverage accurately reflects the true level of risk exposure.  Demonstrating strong internal controls to underwriters and improving risk rating over time can also result to lower premiums or more favorable coverage terms.  Expanding cyber integrations While businesses and brokers can explore the full suite of integrations in the Cowbell platform today, there are also plans to double its integrations this year, adding a further 30 connectors covering categories including cloud, email and endpoint security, third-party risk management, and SIEM (Security Information & Event Management) platforms.  Keen to help support businesses in the best way possible, Cowbell has also said it is open to exploring new integrations based directly on the needs of its users.

Cowbell, a provider of cyber insurance for small and medium-sized enterprises (SMEs) and middle-market businesses, has launched a new Cowbell Resiliency Services (CRS) unit in response to a rise in the frequency, severity, and diversity of cyber threats as a complement to its existing risk management programme. Cost of data breach Driven by AI advances and an increasingly complex geopolitical landscape, recent reports show the average global cost of a data breach has reached $4.88m, a 10% increase over last year and the highest total ever.  The average in the U.S. is even higher, amounting to $9.36m. Tech giants, such as Microsoft, say their clients face 600 million attacks daily from cybercriminals and nation-state threat actors. Risk management CRS leverages existing AI learning tools with advanced cybersecurity services Recognising these challenges, Cowbell has strengthened its risk management offering to policyholders. CRS leverages existing AI learning tools with advanced cybersecurity services to provide businesses with the most up-to-date insights and learning needed to defend against emerging threats while minimising financial and operational risks.  New subscription-based cyber resiliency services CRS expands Cowbell’s risk management portfolio with four new subscription-based cyber resiliency services:  Cowbell MDR SOC-as-a-Service, powered by SpearTip, a company of Zurich Resilience Solutions, delivers a 24/7/365, U.S.-based Security Operations Center (SOC), staffed with certified, experienced engineers and analysts, providing real-time threat detection and AI-driven counterintelligence. The service integrates with diverse data sources to allow comprehensive visibility. It leverages continuously updated detection rules, advanced prevention technologies, and real-time response capabilities to defend against sophisticated threats like ransomware. Cowbell Penetration Testing-as-a-Service (PTaaS)powered by GMI, delivers comprehensive internal and external network assessments to identify and address vulnerabilities. Using tools such as Nessus, Metasploit, and BurpSuite, the service combines automated and manual techniques to perform reconnaissance, vulnerability exploitation, and penetration testing across network infrastructures, servers, workstations, and websites. Clients receive detailed findings and remediation recommendations through tailored reports and collaborative review sessions. Cowbell Cybersecurity Training-as-a-Service (CTaaS) powered by Wizer, a specialist in security awareness training, offers access to 100+ microlearning videos, quizzes, and progress reports. The programme includes smart phishing simulators and interactive games to educate employees on identifying and mitigating cyber threats. By enhancing employees' cybersecurity awareness and response capabilities, the service aims to reduce human errors that often lead to cyberattacks, such as ransomware. Cowbell IdentityAI℠, powered by SpearTip, monitors user access to cloud services such as Microsoft 365, Salesforce, Amazon CloudTrail, Duo, Okta, and Google Workspace. IdentityAI is available to Cowbell policyholders as part of a complimentary 30-day trial subscription. The recent high-profile Zero-Day Microsoft 365 Vulnerability: FastHTTP, was first discovered by the SpearTip Security Operations Center team leveraging IdentityAI.  New enhancements Available to U.S.-based policyholders, Cowbell has also announced enhancements to existing advisory services, offered at no additional cost. Micro Penetration Testing: Preliminary penetration tests that uncover hidden system weaknesses before adversaries can exploit them. Phishing Simulation and Cybersecurity Training for New Policyholders: Advanced phishing simulations that mimic real-world attack methods to train employees to spot and avoid social engineering tactics. Cyber Risk Insights and Recommendations: Comprehensive scans and diagnostics to quickly identify potential vulnerabilities, coupled with recommendations on remediation. Cowbell Factors: Continuous risk assessment of networks, endpoints, and cloud environments ensuring any anomalies or threats are flagged in real-time. Cowbell Connectors: Quick and seamless integration with leading security and IT platforms, enabling real-time risk scoring and insights. Cowbell Spotlight: An on-demand surveillance of actively exploited vulnerabilities that has the potential to impact policyholders during widespread cyber events.  Rajeev Gupta, co-founder and chief product officer, at Cowbell, shares his thoughts on CRS, “U.S. businesses are encountering a huge rise in sophisticated cyber threats." Enhancing cybersecurity "AI has empowered cybercriminals to execute more adaptive and scalable attacks, such as advanced malware and automated phishing attempts, while at the same time, geopolitical conflicts are increasingly manifesting in cyberspace, amplifying risks to critical U.S. infrastructure and national security." “Through CRS, we’re able to provide our policyholders with consistent and cost-effective access to an MDR service, Identity Monitoring, Penetration testing, and Cybersecurity training; all of which offer advanced capabilities that will significantly enhance their cybersecurity posture, without requiring costly in-house resources.” Enhanced cyber coverage with MDR endorsement Eligible policyholders may qualify for a deductible waiver for the Cowbell Breach Fund when MDR SOC is implemented Cowbell has integrated its Cowbell MDR solution into select Cyber and Tech E&O policies, providing policyholders with advanced cybersecurity defences and the added benefits of enhanced coverage through a Cowbell MDR endorsement. Eligible policyholders may qualify for a deductible waiver for the Cowbell Breach Fund when MDR SOC is implemented across all endpoints before an incident. The Cowbell Breach Fund provides expanded coverage for critical services and expenses such as forensics, notifications, identity monitoring, incident response, and crisis management. Cowbell Rx marketplace for expanded choice Cowbell will continue to offer complimentary discounts on partner solutions through Cowbell Rx Marketplace, providing expanded choice and protection to policyholders. Cowbell Rx Marketplace features 40+ partners and includes the newly announced CRS solutions.