PriyaPatel
TLDR:
- Cowbell expands cyber insurance offerings to middle-market businesses with revenues up to $1bn through collaboration with Chaucer Group.
- The expansion aims to address the growing complexity of cyber risks facing mid-sized companies in the US.
Cowbell, a leading provider of cyber insurance for SMEs and middle-market businesses, has partnered with Chaucer Group to extend coverage to firms with annual revenues of up to $1bn. This move comes in response to the increasing complexity of cyber risks faced by mid-sized companies, which contribute significantly to US private sector jobs and revenue. Many of these businesses are ill-prepared to handle cyber threats, making tailored cyber insurance solutions crucial.
Through its risk pool of 45m US and UK-based SMEs, Cowbell offers cyber insurance policies specifically designed for SMEs and middle-market companies. The expanded product offering includes Prime 250 Cyber and Prime Tech E&O products, providing middle-market businesses with up to $5m in primary and excess limits. Cowbell also offers on-demand risk management services and an e-learning platform for brokers, aiming to empower businesses to effectively manage cyber risks.
The collaboration with Chaucer Group seeks to provide middle-market businesses with personalised underwriting support, cybersecurity services, and cybersecurity awareness training for employees, all backed by Cowbell’s data-driven approach to risk management. This expansion reflects Cowbell’s commitment to enhancing cybersecurity for American businesses and building strong relationships with brokers and clients.
By leveraging its proven track record, innovative technology, and extensive risk pool, Cowbell aims to strengthen cyber resilience for SMEs and middle-market companies across the US. The partnership with Chaucer Group represents a step towards offering tailored cybersecurity services to businesses facing evolving cyber threats in today’s digital landscape.
