(Image source: Cowbell Cyber homepage.)
Cowbell Cyber (Pleasanton, Calif.), a provider of cyber insurance for small and medium-sized enterprises (SMEs), has announced the launch of its product on the Amwins (Charlotte, N.C.) Professional Lines portal. Cowbell characterizes the partnership as broadening agents’ and brokers’ access to cyber insurance solutions for their clients, while the API integration enables immediate risk assessment and rapid, precise underwriting decisions for Amwins retail agents.
“The goal of Amwins’ Professional Lines portal is to create operational efficiencies for our clients,” comments Tom Parsons, head of digital strategy, Amwins. “Through partnering with forward-thinking markets like Cowbell, we’re able to automate the process of providing quotes for non-complex risks, so retailer time and energy can be allocated to finding solutions for more challenging accounts.”
Cowbell says that powering Amwins’ portal with Cowbell’s APIs means instantaneous underwriting, streamlined coverage and pricing discovery for its users. The company says its partnership with Amwins delivers on the promise of leveraging technology to automate cyber insurance applications and generate insurance quotes that align coverage specific to the insured’s unique cyber exposure.
“We are excited to take our existing, successful partnership with Amwins to the next level,” says Dan Law, VP, national accounts and strategic partners, Cowbell Cyber. “Integrating our respective solutions through APIs delivers the best digital experience available on the market today for brokers to offer cyber and for businesses to get robust and relevant coverage rapidly.”
Offering Competitive Quotes on Overlooked Risks
“When reviewing insurers and MGAs to include in our Professional Lines portal, we wanted to include partners that look at risk differently so we could offer diverse solutions for our clients and prospects,” says David Lewison, EVP and national professional lines practice leader, Amwins. “Rather than offering numerous similar quotes, we’re excited to have Cowbell on board to offer competitive quotes on good risks that are often overlooked by other providers.”
Covered businesses through Amwins benefit from the proactive risk management services bundled with all of Cowbell’s cyber policies including continuous risk assessment through Cowbell Factors, on-demand guidance on how to remediate risk through Cowbell Insights and individualized consultations with Cowbell’s Risk Engineering team, the company statement says. Claims are handled in-house by a team of cyber specialists.