Cyber insurance provider Cowbell has partnered with property and casualty insurer Skyward Speciality in an effort to expand its new insurtech programme.
Cowbell’s programme, Prime 250 Cyber Liability and Prime Tech, safeguards businesses against cyber and technology errors and omissions risks. To be eligible, businesses must generate revenue of up to US$ 500 million.
To strengthen its capacity to deliver its coverage, Cowbell will have access to Skyward Specialty’s industry partners.
Commenting on the partnership, Jack Kudale, founder and CEO of Cowbell, says: "We continuously monitored 95 per cent of US small- to medium-sized cyber risks for the last four years and have found that there’s a massive gap in cyber protection that is overlooked for this underserved market. The insurability gap for these businesses is championed through this exciting new partnership with Skyward Specialty."
"This partnership leverages the expertise of the experienced leaders and team members at Skyward Specialty, some of whom were a part of helping to create the cyber insurance marketplace more than 20 years ago.”
