Cowbell Cyber, a leading provider of cyberinsurance for SMEs, has announced the launch of its Cyber Risk Heatmap. The Heatmap – one of the market’s most data-rich and dynamic evaluation of cyber-risk portfolios – provides all of Cowbell’s agencies and brokers, insurance and reinsurance partners and underwriters with immediate visibility into the distribution of covered risk in their portfolios. This improved visibility allows Cowbell and its partners to develop a balanced book of business, manage growth for profitability and improve the overall risk profile of each portfolio.
According to Cowbell’s recent research, 71% of policyholders want their cyberinsurance provider to give recommendations to minimise risk exposure. The complexity of continuously assessing cyber-risk at the portfolio level and at the individual account level results in blind spots in risk selection. Cowbell demonstrates its innovation by removing these blindspots at the portfolio level for all stakeholders involved.
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