InsurTech Cowbell Cyber Forms Captive To Meet Cyber-Coverage Demand
January 14, 2022
Cyber-insurance provider Cowbell Cyber has formed a Vermont-domiciled captive insurance company to help the company meet the growing demand for cyber insurance.
In a statement, Cowbell Cyber said the formation of the captive, Cowbell Re, "reflects the company's commitment to cyber insurance and confidence in its unique approach to cyber risk underwriting."
The InsurTech firm uses artificial intelligence to assist in risk selection and pricing as it underwrites cyber-insurance coverage for small-to-medium enterprises.
The company said Cowbell Re will give it more flexibility in addressing demand from its growing distribution network.
"Cowbell's cyber insurance platform brought innovation, efficiencies, and robust cyber coverage to the market as we developed the industry's largest cyber insurance distribution network," Jack Kudale, founder and CEO of Cowbell Cyber, said in the statement. "With the launch of Cowbell Re, we are directly taking on risk and reiterating our commitment to empower businesses to minimize cyber incidents."
January 14, 2022
