PLEASANTON, Calif., Oct. 6, 2021 /PRNewswire/ — Cowbell® Cyber, the industry’s first AI-powered cyber insurance provider for small to medium enterprises (SMEs), continues its exceptional growth and rapid success. The company’s policyholder base grew 34 times since the beginning of the year while reported claims remained under 1%. Cowbell’s AI-assisted underwriting, leveraging a risk pool of 15 million U.S. businesses, combined with proactive risk management services, brings precision into risk selection, and proves the company’s effectiveness at steering policyholders away from cyber incidents.
Cowbell also announced a strategic partnership with Palomar Excess & Surplus Insurance Company to further enhance its innovative offerings on a non-admitted basis nationwide. The multi-year agreement with Palomar, backed by AM Best “A” rated or higher global reinsurance providers, adds to the current carriers and reinsurers already supporting Cowbell’s robust and diversified portfolio of standalone cyber insurance programs, extending distribution to businesses with up to $250 million in revenue with limits up to $5 million. 95% of property and casualty brokers are reporting an…
