To speed up the distribution of cyber insurance for small companies, Cowbell Cyber Partners with Mylo
prnewswire | November 05, 2020
Cowbell Cyber, the business' first AI-controlled digital protection supplier for little to moderate sized organizations (SMBs), today declared it has cooperated with Mylo – the advanced specialist dispatched by the world's biggest free merchant, Lockton – to empower expanded dispersion of Cowbell's independent digital protection to the private company market, a territory customarily underserved by digital protection.
Organizations of all sizes are getting more dependent on an advanced climate given the present far off setting, regularly leaving them presented to expanded online protection weaknesses including information penetrates, ransomware assaults, digital wrongdoing, and then some. Along these lines, the interest in digital inclusion has definitely expanded as organizations acknowledge digital protection is currently a need, not an extravagance.
Mylo chose Cowbell Cyber in light of the fact that Cowbell Prime – Cowbell's independent, conceded digital protection programs – addresses the difficulties looked by private companies while considering protection including:
Lucidity of the arrangement terms: entrepreneurs can now quickly comprehend the insurance they will get
Importance: Quote and strategies are adjustable in a couple of snaps for higher significance for the policyholder
Conceded program: Ensures that everything has been altogether verified by state level offices
Prevalent danger the board apparatuses: Free danger appraisal and moderation devices increase the value of private venture on the very first moment of the strategy
"We are excited to partner with Mylo to deliver on the promise of customized cyber coverage and easy-to-use risk management tools for their expanding client base," said Dan Law, Head of National Accounts at Cowbell Cyber. "Partnering with Mylo will allow us to better distribute cyber insurance to the currently underserved markets, ultimately helping customers with their cyber resilience."
"As an advocate for small business owners, we care about helping them prepare for a cyberattack that could threaten everything they've worked so hard to build," said Mylo COO, Belen Tokarski. "Mylo and Cowbell Cyber are a great fit because we both focus on using technology to give businesses the protection they need to anticipate and recover from serious risks."
The association carries critical efficiencies to Mylo's operators including:
Speed: Cowbell Prime empowers operators to set up different, tweaked cites in a couple of snaps
Usability and straightforwardness: Selling of digital protection is rearranged with inclusions that are introduced to policyholders in a straightforward way, alongside Cowbell Factors to recognize hazard deviation from the business normal
No coupling delays: Every statement gave by Cowbell Prime can be momentarily bound
About Cowbell Cyber
Cowbell Cyber is dedicated to providing standalone, admitted, individualized and easy-to-understand cyber insurance for small and mid-size businesses. In its unique AI-based approach to risk selection and pricing, Cowbell's continuous underwriting platform, powered by Cowbell Factors, compresses the insurance process from submission to issue to less than 5 minutes. Cowbell Insurance Agency is currently licensed in 34 U.S. states and provides SMBs with admitted cyber insurance on AM Best "A" rated paper with up to $15 Million in coverage.
Mylo is a digital one-stop-shop that makes it easy for businesses and individuals to compare and purchase top-rated insurance products from multiple carriers, including business, small group benefits, home, auto, life and individual health. Launched in 2015 by Lockton, the world's largest privately held independent insurance broker, Mylo offers expert insurance recommendations online or on the phone with licensed agents. Mylo can be easily integrated into a partner's customer experience, providing a proven boost in customer engagement.