Markets/covers: Sayata adds CFC to platform; Cowbell Cyber ​​partners with Amwins

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THE BHARAT EXPRESS NEWS INSURANCE NEWS
THE BHARAT EXPRESS NEWS INSURANCE NEWS

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Boston-based Sayata said it has added CFC to its Sayata platform, giving brokers full access to CFC’s award-winning cyber insurance offerings for small and medium-sized businesses (SMEs).

CFC’s cyber insurance solution provides proactive threat intelligence to help customers identify and prevent incidents before they happen, in addition to comprehensive coverage and the largest in-house cyber claim and incident response team on the market. With more than 20 years of experience in cyber insurance, CFC was also one of the first providers to use advanced technology and data science to deliver smarter, faster adoption.

“Today, SMEs are challenged to find affordable and effective cyber insurance as premiums rise and coverage becomes increasingly difficult to obtain. SMBs need more coverage alternatives to find the right cyber insurance policy for their business needs and budget,” said Asaf Lifshitz, CEO of Sayata, who said the platform streamlines the quote-bind issuance process so that insurance professionals can buy more insurance policies in one place. fraction of the time.

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“CFC’s product is a complete coverage and service offering that provides our broker partners and their SMB clients with a powerful tool to offset the risk of the ever-changing cyber threat landscape. Now that CFC is offered on the Sayata platform, brokers have an even greater ability to quickly find and secure the right coverage for their small business policyholders, regardless of market conditions.”

“Partnering with Sayata provides a great opportunity to reach even more brokers and SMB clients with our cyber insurance offerings through their innovative digital platform,” said Lindsey Nelson, leader in cyber development at CFC.

Cowbell Cyber ​​Selected as Cyber ​​Insurance Partner by Amwins

Cowbell Cyber, a cyber insurance provider for small and medium-sized enterprises (SMEs), announced the launch of its product on the Amwins Professional Lines portal. The partnership increases agents’ and brokers’ access to cyber insurance solutions for their clients, while the API integration enables instant risk assessment and fast, accurate underwriting decisions for Amwins retail agents.

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“The goal of Amwins’ Professional Lines portal is to create operational efficiencies for our customers,” said Tom Parsons, head of digital strategy at Amwins. “By partnering with forward-thinking markets like Cowbell, we are able to automate the process of providing quotes for non-complex risks, so retailers can spend time and energy finding solutions for more challenging accounts.”

Covered businesses through Amwins benefit from the proactive risk management services bundled with all of Cowbell’s cyber policies, including continuous risk assessment through Cowbell Factors, on-demand guidance on how to mitigate risks through Cowbell Insights, and individualized consultation with Cowbell’s Risk Engineering team. Claims are handled in-house by a team of cyber specialists.

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Dan Law, vice president of national accounts and strategic partners at Cowbell Cyber, said: “The integration of our respective solutions through APIs provides the best digital experience available in the market today for brokers to offer cyber and for businesses to to get robust and relevant coverage quickly.”

“When assessing insurers and MGAs to include in our Professional Lines portal, we wanted to include partners who look at risk in a different way so that we could provide diverse solutions for our customers and prospects,” said David Lewison, executive vice president and National Professional Lines Practice Leader at Amwins. “Instead of offering countless comparable quotes, we are delighted to have Cowbell on board to provide competitive quotes for good risks often overlooked by other providers.”

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