Zurich Partners with Cowbell to Offer Expanded Insurance Solutions for SMEs

Zurich and Cowbell Join Forces for Enhanced SME Insurance Coverage

In a notable partnership announcement, Zurich North America has teamed up with Cowbell, a prominent provider of cyber insurance aimed at small to medium-sized enterprises (SMEs). This collaboration brings forth a significant extension of Cowbell's insurance offerings, now including a multi-line suite named Zurich Select Plus. This suite encompasses essential coverages such as Directors & Officers (D&O), Employment Practices Liability (EPL), Crime, and Fiduciary insurance specifically tailored for SMEs operating in the United States.

The launch of Zurich Select Plus represents a strategic addition to Cowbell’s existing portfolio, which primarily focused on Cyber and Technology Errors and Omissions (Tech EO) insurance. Utilizing the Wholesale Distribution channel, Cowbell ensures that these enhanced coverages reach small and medium-sized private businesses effectively.

Jack Kudale, the Founder and CEO of Cowbell, emphasized the company's commitment to providing comprehensive insurance solutions that are technologically advanced and user-friendly. In his words, "In cyber insurance, we've earned a reputation for underwriting discipline, broad distribution, and a user-friendly experience." He mentioned that cyber threats are becoming increasingly sophisticated, and as such, there is a pressing demand for streamlined insurance processes.

The integration of Cowbell's AI-driven platform along with enhanced APIs and email automation allows for a significant simplification of the underwriting process, paving the way for faster and more efficient transactions. Utilizing these innovative technologies, brokers can now obtain bindable quotes in a matter of seconds once the necessary underwriting details are submitted. This modern approach to insurance substantiates Cowbell’s goal to revolutionize the insurance sector through technology.

This partnership also reflects Cowbell's broader strategy to scale its tech-enabled platform on a global scale. Expansions have already been made in the UK, where the company introduced professional indemnity insurance specifically for technology providers. The alignment with Zurich marks a significant milestone, particularly as Zurich had previously invested $60 million in Cowbell as part of a Series C funding round.

Kristof Terryn, CEO of Zurich North America, expressed his enthusiasm regarding the new offering: "At the one-year mark of Zurich's investment in Cowbell, we are pleased to offer our industry-leading Zurich Select Plus product. This growing alliance is just one of many ways Zurich serves as a transformative risk advisor and manager for businesses of all sizes."

The cornerstone of this transformative partnership is Cowbell's agentic email automation platform. This state-of-the-art technology enables the automation of submission workflows by efficiently extracting, enriching, and verifying data pulled from various sources like emails and attachments. It's a forward-thinking approach that not only enhances internal processes but also significantly improves the overall customer experience.

For select agents and brokers across the United States, Cowbell's comprehensive programs for cyber, management, and professional liability are now more accessible than ever. To learn more about Cowbell’s offerings, visit Cowbell. Whether you're a small business just starting or a mid-market company, Cowbell ensures that you have access to a wide range of insurance coverages and services designed to mitigate risks in a rapidly evolving digital landscape.

In conclusion, the partnership between Zurich and Cowbell exemplifies a major step forward in the evolution of insurance for SMEs, combining innovative technology with essential coverage options that adapt to the changing needs of businesses in today’s digital economy.