Cowbell unveils AI-powered cyber insurance coverage providing in UK

Cowbell, an adaptive cyber insurance coverage supplier for small and medium-sized enterprises (SMEs), has unveiled a UK-speciality product, Cowbell Prime One, to bolster its footprint within the regional market. 

A man-made intelligence (AI)-driven cyber insurance coverage programme, Cowbell Prime One facilitates the speedy supply of SME safety and underwriting.

This data-driven method aids brokers to tailor cyber insurance policies for distinct danger exposures, masking assorted cyber incidents, equivalent to ransomware assaults, electronic mail scams and social engineering.

The corporate may even supply customised coverages and detailed evaluation of cyber dangers created from a danger pool comprising 36 million SMEs within the US and UK to brokers.

Together with the product launch, Cowbell named Catherine Aleppo as its gross sales director for the UK area. 

With greater than 18 years of expertise within the insurance coverage sector, Aleppo additionally has experience in cyber danger insurance coverage.

Earlier than becoming a member of Cowbell, she served as SME cyber danger insurance coverage lead at UK-based insurance coverage dealer Aston Lark.

Aleppo additionally advises brokers and SMEs within the UK on detecting cyber threats to ensure environment friendly administration of dangers. 

Cowbell UK VP and common supervisor Simon Hughes stated: “We’re thrilled to welcome Catherine to our group and launch Prime One within the UK. 

“Cowbell is dedicated to addressing cyber danger challenges on a worldwide scale and our growth into the UK is a testomony to this.”

Commenting on the event, Aleppo stated: “By utilising our huge danger pool and educating UK brokers, we are going to increase vital consciousness of cyber vulnerabilities and safeguard the UK’s SMEs who kind the spine of the UK financial system.”

In July 2023, Cowbell joined Amazon Internet Companies (AWS) Cyber Insurance coverage Associate Initiative.