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Insurtech Cowbell and Zywave Enhance Cyber Insurance Services Distribution

Cowbell, a cyber insurance provider for small and medium-sized enterprises (SMEs), has announced a partnership with Zywave, an insurtech solutions provider. The collaboration is enabled by Herald, a digital infrastructure provider that connects software developers to commercial insurance carriers through a single API. The partnership aims to offer enhanced customer experience through Zywave’s API-first interface and Cowbell’s tailored coverage options. This marks the first standalone cyber insurance offering on Zywave’s Hub platform, providing easier access to modernized cyber insurance products for MGAs, wholesale brokers, and retailers. According to AdvisorSmith, four out of five SMEs are currently uninsured or underinsured for cyber insurance. Cowbell’s partnership with Zywave aims to address this issue by expanding its reach within MGAs and brokers, thus accelerating the adoption of cyber insurance within the SME market. Rajeev Gupta, co-founder and CPO of Cowbell, highlighted the significance of this partnership, stating that their adaptive programs are now accessible to over 40 additional trading partners. Duncan Crystal, co-founder and CRO at Herald, emphasized the transformative potential of API-driven distribution in an industry that has traditionally relied on paper-based processes. Cowbell’s advanced technology and quality insurance programs will enhance Zywave’s offerings, enabling brokers to sell cyber insurance more effectively to their clients. Cowbell specializes in Adaptive Cyber Insurance, providing SMEs with coverage adaptable to current and future threats, as well as advanced warning of cyber risk exposures. Its AI-based risk selection and pricing approach, powered by Cowbell Factors, streamlines the insurance process to less than 5 minutes. Established in 2019, Cowbell is headquartered in the San Francisco Bay Area, with employees across the US, Canada, India, and the UK.

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