Cowbell has entered the Australian insurance coverage market, unveiling its Prime One cyber insurance coverage programme for small and medium-sized enterprises (SMEs) with annual revenues of as much as A$100m.
The providing is the results of an unique settlement between Cowbell and Zurich.
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The insurance policies are underwritten by Zurich Australian Insurance coverage, bringing collectively Zurich’s monetary presence within the area with Cowbell’s technology-driven underwriting and claims processes.
Protection affords limits of as much as A$5m per declare and makes use of an AI mannequin to evaluate every shopper’s cyber dangers.
Every Prime One coverage gives companies with entry to Cowbell’s suite of resilience sources aimed toward bettering cybersecurity preparedness properly earlier than any incident arises.
This consists of Cowbell Elements, which delivers AI-based threat assessments distinctive to every enterprise.
Cowbell Insights will supply particular suggestions tailor-made to the organisation’s threat profile.
Cowbell Resiliency Companies delivers steering comparable to micro penetration testing, cybersecurity coaching, vendor threat administration and connections to trusted cybersecurity suppliers by the Cowbell Rx market.
To supervise the native operation, Cowbell has appointed Anthony Wall as head of underwriting. Wall beforehand led cyber observe at AIG and has held senior positions at Munich Re and Chubb.
Alric Lal has been named head of enterprise growth for Australia, bringing expertise from earlier roles at UBT in Sydney, Marsh in Auckland and Aon London.
Cowbell founder and CEO Jack Kudale mentioned: “Cyber safety shouldn’t be sophisticated; it ought to give companies confidence to maintain transferring.
“By partnering with Zurich, we’re providing Australian organisations a reliable basis for cyber resilience, supported by Cowbell’s steady underwriting, threat intelligence and confirmed monitor document in managing cyber threat.”
Final 12 months, Cowbell broadened its product vary within the US by working with Zurich North America to supply a multi-line insurance coverage answer.
