The pure-play insurtech Cowbell Cyber, which offers what it calls the “first continuous underwriting platform for cyber insurance,” has become a well-known brand in the cyber insurance sector since its founding a bit over five years ago. Last year the company expanded its solutions to clients with up to $1 billion in revenue and has now released statistics on its user base.
“As of year-end, our risk pool now encompasses nearly 50 million SMEs across the U.S., UK, Japan, and Australia. , and we handled over 1,200 claims in 2024,” Cowbell reports. The company did not define “users,” but based on its recent growth in the UK, it appears to be enjoying attractive customer and revenue growth.
Cowbell
“Our platform has also now surpassed 80,000 users.”
The growth was no doubt helped by its $60 million Series C raise last year, led by the Zurich Insurance Group.
Those cyber insurance professionals considering a new job this year may also be interested that “Forbes named Cowbell one of the Best Startup Employers for 2024.”
Other News: Trust in Digital Payments: Cyber Scams Erode Consumer Confidence – Chubb Report(Opens in a new browser tab)
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