PLEASANTON, Calif., Oct. 6, 2021 /PRNewswire/ — Cowbell® Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), continues its exceptional growth and rapid success. The company’s policyholder base grew 34 times since the beginning of the year while reported claims remained under 1%. Cowbell’s AI-assisted underwriting, leveraging a risk pool of 15 million U.S. businesses, combined with proactive risk management services, brings precision into risk selection, and proves the company’s effectiveness at steering policyholders away from cyber incidents. Cowbell also announced a strategic partnership with Palomar Excess & Surplus Insurance Company to further enhance its innovative offerings on […]

PLEASANTON, Calif., October 05, 2021 — Cowbell® Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today was named to the fourth annual CB Insights Fintech 250, a prestigious list of emerging private companies working on groundbreaking financial technology. This year’s list was unveiled on stage at CB Insights’ Future of Fintech conference in New York City. This accolade is a testament to how Cowbell continues to deliver accelerated growth, secures substantial insurance capacity, scales distribution with its superior digital experience and excels at risk selection through its AI-assisted underwriting. This listing comes on the heels of a number of […]

PLEASANTON, Calif. – Sept. 15, 2021 – Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), today announced the launch of its cyber risk exchange marketplace, Cowbell Rx. Cowbell Rx closes insurability gaps by providing cyber insurance applicants with resources to meet eligibility requirements while also enabling active policyholders to continuously improve their organization’s risk profile. This comprehensive list of partners is the first of its kind in the cyber insurance industry. Cyberattacks continue to proliferate and damage business operations, with predictions that new attacks will happen every 2 seconds by 2031. However, cybersecurity […]

Blueprint Title, an insurtech startup working in the title insurance space, announced this morning that it closed a $16 million Series B. The new round was led by Forté Ventures. The startup previously raised an $8.5 million Series A in the final weeks of 2019. While Blueprint is an insurtech startup and therefore fits into the neoinsurance cohort that we’ve tracked in recent quarters as a number of companies from the group have gone public, it’s somewhat distinct. Blueprint is different from the Roots and MetroMiles and Hippos that debuted via traditional IPOs or SPACs; it largely sells to business […]

InShare, an InsurTech offering tailored risk management products and services, has completed a seed funding round of $7.5 million, from ManchesterStory (Des Moines), The Hive (Palo Alto, Calif.) and Avanta Ventures (Mountain View, Calif.), to enable expansion into new market segments. The company says the funding will also help with the buildout of technology, bringing innovative products to market that help mobility companies grow, the launch of new ventures, and providing gig worker protections and insurance benefits. “We are the first InsurTech company to solve both sides of the insurance challenge, enabling companies to control costs and scale new products profitably while also providing affordable protections […]

Kin Insurance Inc., an insurance-technology startup that counts golfer Rory McIlroy among its investors, has agreed to go public through a merger with Omnichannel Acquisition Corp., a blank-check firm led by Matt Higgins, a longtime investor who has appeared as a “Shark Tank” judge. “We were searching for a digitally fueled business that was going to disrupt a change-resistant industry,” said Higgins. He cited his team’s expertise with customer acquisition — such as with the use of micro-influencers — as a mechanism to accelerate growth at Kin, which benefited from increased e-commerce adoption throughout the pandemic The transaction is a way […]

Cape Analytics, a company meshing AI with aerial imagery to power property insurance inspections, has raised $44 million in a series C round of funding. Founded in 2014, Mountain View, California-based Cape Analytics enables insurance providers like AXA and Western Mutual to optimize their underwriting process. It does so by helping providers leverage computer vision and geospatial imagery to evaluate properties without sending someone out to physically inspect them. Manual inspections can be a hazardous and resource-intensive process and often involving climbing onto roofs. Instead, Cape Analytics garners high-resolution aerial photos from third parties like Nearmap and then analyzes and extracts structured data […]