“But Jack Kudale, the founder and CEO, tells me that it’s projecting its policy holder base to grow three-fold in the next 12 months, to 35,000-40,000 customers (which would imply something around 17,000-20,000 businesses currently), and that its premium run rate (the insurance industry’s revenue run rate equivalent) has grown 40x this year, to $200 million, in what is still a very nascent market, with less than 10% of small businesses in the country currently taking out cyber insurance policies.”
Source: Cowbell raises $100M to build out its AI-based cyber insurance platform for SMBs | TechCrunch