With the help of Cowbell Co-Pilot and Prime Tech, cyber insurance products will be improved by utilizing AI for effective underwriting.

Cowbell's adaptive cyber insurance policy, which combines primary coverage for technology errors and omissions (E&O) with its flagship Prime 250 cyber risk insurance, provides the answer. Underwriters are able to evaluate risk more accurately and quickly because to the insightful information it provides. This results in an average 40% quicker contract review time.

Cowbell is strengthening its relationship with Obsidian Insurance Company, an A.M. Best rated "A-" exceptional hybrid program provider, in order to introduce Prime Tech to the market. Businesses in the US with annual sales up to $250 million can apply for Prime Tech, which has $5 million in maximum limitations.

One well-known supplier of cyber insurance products for small and medium-sized businesses (SMEs) is Cowbell. They specialize in providing extensive coverage to shield companies from online dangers and weaknesses.

"Offering a single policy that combines cyber with Tech E&O helps maximize contact points for the broker and the insured, solve for coverage overlap, and streamline claims processes," said Trent Cooksley, Chief Operating Officer and Co-Founder of Cowbell. Tech E&O primary has been a widely demanded product by our clients and is vital to defend firms against emerging dangers, especially when partnered with cyber insurance. We are thrilled to provide Prime Tech by strengthening our long-standing partnership with Obsidian.

"Deepening our partnership with Cowbell will provide greater cyber insurance solutions for insureds and offer a comprehensive insurance strategy for technology companies," stated Obsidian CEO William Jewett. We are honored to assist them in pursuing that goal. We have had a great belief in Cowbell's purpose since the beginning of our four-year cooperation. We are thrilled for the chances that will arise as our connection grows because of their dedication to providing solutions for their clients, which forges a strong collaboration.