PriyaPatel
TLDR:
- Cowbell introduces Prime Tech with Cowbell Co-Pilot, a generative AI solution for underwriting workflows.
- Prime Tech combines cyber risk insurance with Technology Errors and Omissions primary coverage and uses AI to streamline underwriting processes.
Cowbell, a cyber insurance provider, has launched Prime Tech with Cowbell Co-Pilot, an AI solution for efficient underwriting. This offering combines cyber risk insurance with Technology Errors and Omissions (E&O) primary coverage, aiming to help underwriters assess risk and make faster decisions. Cowbell has deepened its partnership with Obsidian Insurance Company to bring Prime Tech to the market, offering businesses with up to $250M in revenue in the US limits of up to $5M. Cowbell Co-Pilot, a generative AI solution built into underwriting, helps expedite human review of contracts and provides valuable insights. The benefits of Co-Pilot include accuracy, augmentation, communication, recommendations, and speed. Overall, the Prime Tech solution aims to enhance productivity, efficiency, and precision in underwriting processes for both technical and non-technical users. This innovation is expected to bridge the gap between human expertise and technological capabilities.
Founded in 2019, Cowbell is based in the San Francisco Bay Area and serves small and medium-sized enterprises in the US, the District of Columbia, and the United Kingdom. Obsidian Insurance Holdings, Inc., Cowbell’s partner for Prime Tech, was formed in 2020 and manages a diverse portfolio of property, casualty, and specialty insurance programs. Through this collaboration, Cowbell aims to provide comprehensive insurance solutions for insureds and offer a durable partnership to protect technology companies against rising threats. The introduction of Prime Tech with Cowbell Co-Pilot represents a significant advancement in underwriting processes, leveraging AI to drive better outcomes for customers and the company.
