Cowbell Bolsters Cyber Platform with New Integrations
Cyber mid-market and SME specialist Cowbell has significantly expanded its platform by adding over 30 integrations with various security and cloud service providers. The expansion of Cowbell Connectors, announced on March 27, 2025, is designed to enhance cyber risk assessment and underwriting accuracy, ultimately strengthening the resilience of small and medium-sized enterprises (SMEs).
Cowbell’s framework incorporates both “outside-in” data, drawn from sources like the dark web and threat intelligence feeds, alongside inside-out data from its new integrations. This layered approach considers factors such as historical claims and regulatory compliance, providing a comprehensive view of risk. The integrations pull data from a variety of IT environments, including cloud platforms (AWS, Azure, Google Cloud Platform), vulnerability scanners (Tenable, Qualys, Rapid7 InsightVM), endpoint protection tools (CrowdStrike, SentinelOne, Sophos), identity and access management systems (Okta, Microsoft Entra, Arnica), and compliance tools (Qualys Policy Compliance, Security Studio).
Rajeev Gupta, co-founder and chief product officer at Cowbell, highlighted the increasingly challenging threat landscape. He noted that the rise of artificial intelligence is enabling more sophisticated cyberattacks, while geopolitical risks are also playing a larger role in shaping the cyber landscape.
“The threat environment has worsened in 2025, with AI enabling more sophisticated attacks and geopolitical risk increasingly affecting cyber landscapes,” Gupta stated.
Growing Cyber Risks and the Insurance Market
The announcement comes at a time of heightened cyber incidents and significant change within the cyber insurance market.
Data breaches continue to pose a major risk. Recent figures indicate that more than 6.85 billion records were breached in the United States last year, with the average cost of a data breach reaching $9.36 million.
Cyber insurance premiums have doubled worldwide in the last five years, reaching $14 billion in 2023. Projections estimate that this figure will reach $29 billion by 2027. This increase is partially due to intense carrier competition, leading to higher coverage limits and enhanced risk management services. For many businesses, these factors have resulted in more affordable and accessible policies.
In 2024, some policyholders saw modest, single-digit rate increases, especially those demonstrating improved cyber risk management practices. Large cyber claims, exceeding €1 million, increased by 14% in the first half of 2024, with the severity of these events rising by 17%. Data and privacy breaches were significant contributors to this trend. Ransomware remains a leading cause of cyber insurance losses, accounting for 58% of the value of large claims during the same period. In addition, funds transfer fraud (FTF) incidents rose by 15% year-over-year, with the average loss exceeding $278,000.
Future Developments
The Cowbell platform currently includes the full range of integrations, with further development planned. The company intends to double its integration count in 2025, adding roughly 30 more connectors in areas such as cloud security, email and endpoint protection, third-party risk management, and SIEM (security information and event management). Cowbell also intends to be responsive to user demand when deciding on future additions to the service.
