bell labs has launched an AI - backed continuous underwriting system for risk assessment . The start - up is targeting the product toward the small and mid - size business market . Its system combines external data , including threat databases and dark ##room catalogues , with internal data from security aggregators about insured companies . Cowbell Cyber has raised $ 3.3 m in seed funding from cybersecurity , insurance and AI firms . Premiums in the cyber insurance market reportedly more than doubled between 2015 and 2018 to $ 300 .
Cowbell Cyber has launched an AI-backed continuous underwriting platform for risk assessment. The start-up is targeting the product toward the small and mid-size business market. Its system combines external data, including threat databases and dark web catalogues, with internal information from security aggregators about insured companies. Cowbell Cyber has won $3.3m in seed funding from cybersecurity, insurance and AI firms. Premiums in the cyber insurance market reportedly more than doubled between 2015 and 2018 to $2bn.