Cowbell Cyber has begun using APIs, technology that it said will drastically streamline the distribution of its cyber coverage and expand the company’s market reach.
“Providing API [application programming interfaces] access to Cowbell insurance programs enables our digital insurance partners to expand our market reach to 32 million businesses eager to access cyber insurance protection,” Jack Kudale, founder and CEO of Cowbwell Cyber, told Carrier Management via email.
The California-based InsurTech and MGA explained that the APIs will allow insurance digital aggregators to integrate directly to Cowbell’s platform and start instant quoting of its cyber coverage options such as Cowbell Prime 100. The company said the technology will help accelerate the adoption of cyber insurance among small and medium-sized businesses by giving multiple options to agents and policyholders, to prepare quotes and access cyber coverage, respectively.
“From digital application and risk assessment to instant quoting and binding, opening our platform with APIs is complementary to our distribution network of more than 8,000 appointed insurance agents and contributes to the acceleration and simplification of cyber insurance adoption,” Kudale explained.
Cowbell claims to be the only cyber insurer offering a platform with workflows to manage the insurance application process, risk assessment, quoting, and binding. Cowbell’s cyber insurance program is designed to be compatible with an automated, end-to-end process, the company said.
Source: Cowbell Cyber