Cowbell is a cyber insurance provider founded in 2019, headquartered in Pleasanton, California, with offices across the United States, Canada, the United Kingdom, India, and Australia. The company focuses on serving small and medium-sized enterprises (SMEs) with revenues up to $1 billion. Cowbell's core offering is its "Adaptive Cyber Insurance" model, which treats cyber coverage as a dynamic policy rather than a static annual product. Policies can be adjusted more frequently than once per year to remain aligned with a policyholder's evolving cyber risk profile. This approach is enabled by the company's continuous underwriting platform, which uses a proprietary data framework called Cowbell Factors™ to benchmark organizations against millions of external and internal data points, identifying vulnerabilities and prioritizing risk improvements. The platform compresses the insurance process from submission to policy issuance to under five minutes using AI-based risk selection and pricing. Risk management tools and services are bundled with coverage, including continuous risk monitoring and risk engineering services that support policyholders in addressing new exposures throughout the policy period. Cowbell operates its own subsidiary insurance carrier, Cowbell Specialty Insurance Company, licensed as a surplus lines insurer across 46 U.S. states, and maintains a reinsurance captive called Cowbell Re. The company is backed by a panel of 15 AM Best A- or higher rated (re)insurance partners and has received venture and growth investment from firms including Permira, Zurich, and others.