The cyber insurance landscape is booming and constantly changing. However, there is a complexity that still makes cyber insurance coverage intimidating to many. According to Advisen's 2019
"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," said
Cowbell's AI-powered 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.
"We've been impressed by Cowbell's ability to assess risks, and issue quotes in record time while also improving the quality and accuracy of the quote provided to policyholders," said
"Innovation is core to Markel's success," said
Cowbell is currently appointing brokers and agents in
Agencies can visit https://cowbell.insure/for-agencies/ to get appointed and learn more about Cowbell Prime 100.
About Cowbell Cyber
Cowbell Cyber maps insurable threats and risk exposures using artificial intelligence to determine the probability of threats and impact on coverage types. In its unique approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors™, compresses the insurance process from submission to issue to less than 5 minutes.
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SOURCE Cowbell Cyber