Cowbell Cyber, a cyber insurance provider for small and medium enterprises (SMEs) has been selected by Amwins, an independent wholesale distributor of specialty insurance and services, as trusted digital partner for cyber insurance.
According to the announcement, the partnership delivers on the promise of leveraging technology to automate cyber insurance applications and generate insurance quotes that align coverage specific to clients’ unique cyber exposure.
Cowbell will enable instant quoting and issuance of cyber coverage on Amwins’ Professional Lines Portal.
Dan Law, vice president of national accounts and strategic partners at Cowbell Cyber, said: “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.”
This partnership broadens agents’ and broilers’ access to cyber insurance solutions for their clients, while the API integration will enable immediate risk assessment and rapid, precise underwriting decisions for Amwins retail agents.
Powering Amwins’ portal with Cowbell’s APIs means instantaneous underwriting, streamlined coverage and pricing discovery for its users, noted Cowbell.
Businesses covered through Amwins will now benefit from the proactive risk management services bundled with all of Cowbell’s cyber policies.
These policies include continuous risk assessment through Cowbell Factors, on-demand guidance on how to remediate risk through Cowbell Insights and individualised consultations with Cowbell’s Risk Engineering team.
Claims will be handled in-house by a team of cyber specialists, according to the announcement.
Tom Parsons, head of digital strategy at Amwins, said: “The goal of Amwins’ Professional Lines portal is to create operational efficiencies for our clients.
“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.”
David Lewison, executive vice president and national professional lines practice leader at Amwins, commented: “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.
“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.”