Markets/Coverages: Sayata Adds CFC to Platform; Cowbell Cyber Partners With Amwins

August 2, 2022
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Boston-based Sayata said it has added CFC to the Sayata platform, offering brokers full access to CFC’s award-winning cyber insurance offering for small and medium businesses (SMBs).

CFC’s cyber insurance solution offers proactive threat intelligence to help customers identify and prevent incidents before they happen, alongside comprehensive coverage and the largest in-house cyber claims and incident response team in 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 underwriting.

“Today, SMBs are challenged to find affordable and effective cyber insurance as premiums are spiking and coverage is becoming increasingly difficult to obtain. SMBs need more coverage alternatives to find the right cyber insurance for their business needs and budget,” said Asaf Lifshitz, CEO of Sayata, who said its platform streamlines the quote-bind-issue process to allow insurance professionals to place more insurance policies in a fraction of the time.

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

“Partnering with Sayata offers an exciting opportunity to reach even more brokers and SMB clients with our cyber insurance offering through their innovative digital platform,” said Lindsey Nelson, cyber development leader at CFC.

Cowbell Cyber Selected as Partner for Cyber Insurance by Amwins

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

“The goal of Amwins’ Professional Lines portal is to create operational efficiencies for our clients,” said Tom Parsons, head of digital strategy at Amwins. “Through partnering with forward-thinking markets like Cowbell, we’re able to automate the process of providing quotes for non-complex risks, so retailer time and energy can be allocated to 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 remediate risk through Cowbell Insights and individualized consultations with Cowbell’s Risk Engineering team. Claims are handled in-house by a team of cyber specialists.

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

“When reviewing insurers and MGAs to include in our Professional Lines portal, we wanted to include partners that look at risk differently so we could offer diverse solutions for our clients and prospects,” said David Lewison, executive vice president and national professional lines practice leader at Amwins. “Rather than offering numerous similar quotes, we’re excited to have Cowbell on board to offer competitive quotes on good risks that are often overlooked by other providers.”

Topics Cyber

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