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August 12, 2022

Cowbell Cyber, Swiss Re team up on insurance for cloud environment

Cowbell Cyber and Swiss Re have formed an alliance to offer bespoke insurance solutions to clients operating in a cloud environment. 

Free Whitepaper
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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

The cyber insurance coverages are aimed at businesses with up to $750m in revenue, which are expanding their operations on Amazon Web Services (AWS).

In this tie-up, Cowbell is providing insurance provision and the reinsurer is responsible for offering its risk monitoring technology. 

Through the initiative, clients will gain access to Cowbell Factors, which providers a comparative risk profile rating, and the cyber risk technology platform of Swiss Re.

The Swiss Re platform uses security configuration data from the client’s cloud environment to enable risk monitoring and risk scoring used in underwriting.

Additionally, the programme offers guidance on cybersecurity best practices and tools to monitor threats.

Cowbell founder and CEO Jack Kudale said: “The world is digitising fast and cyber insurance needs to keep up. The partnership between Cowbell and Swiss Re is focused on bringing peace of mind to enterprises that are actively establishing their footprint in the cloud.

“Our partnership brings together a wealth of cyber risk expertise and enables us to make sure policyholders are well protected with accurate insurance coverages that are specifically tailored to cloud environments.”

Swiss Re global head of P&C solutions Pranav Pasricha said: “Cyber resilience is a topic of growing concern globally and an increasing share of the digital economy is now reliant on the cloud. That’s why Swiss Re is committed to closing the protection gap and driving innovation in the insurance industry.

“We are pleased to announce a new class of cyber insurance products and risk assessment platform for AWS customers. Our platform will offer active telemetry, continuous monitoring, and cloud security, giving our partners the ability to offer innovative insurance products to SMEs.”

Earlier this month, Cowbell Cyber rolled out its products on the Amwins Professional Lines portal.

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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