Introducing Cowbell Prime 100
Cyber insurance startup Cowbell Cyber announced the launch of Cowbell Prime 100 to allow agents to issue personalized cyber policies with up to $5 million in Limits backed by Boost Insurance with Markel Global Reinsurance Company, Renaissance Re Holdings, and Nephila Capital as reinsurance partners.
“Everybody benefits from real-time risk insights flowing seamlessly across stakeholders. With Cowbell Prime 100, agents can now serve their clients tailored cyber coverage, faster. Our simplified insurance application process with expedited quote and bind process, along with our ability to offer tailored coverage with visibility into threats and risk exposure, all contribute to a better SMB client experience.” – Jack Kudale, founder and CEO at Cowbell Cyber.
Cowbell’s platform compiles Cowbell Factors™, a set of risk rating factors that assess the organization’s cyber risk in real-time along several factors, including network security, cloud, compliance, and other security best practices. Cowbell Factors are then automatically matched to the most relevant coverage for the business. The overall process takes 5 minutes and agents have a bindable quote that they can immediately deliver and review with their customers.
Cowbell is currently appointing brokers and agents in California, Colorado, Arizona, Illinois, Oregon and Nevada. Based on the latest indication from Cowbell’s continuous underwriting platform, premiums for Cowbell Prime 100 start at $1,100 for a $1 million aggregate limit with a $1,000 deductible across 200,000 businesses in the 15 U.S. states.