Cowbell debuts cyber insurance solution for Australian SMEs

Group 1: Core Offering - Cowbell has launched its Prime One cyber insurance program in the Australian market, targeting small and medium-sized enterprises (SMEs) with annual revenues of up to A$100 million [1] - The insurance policies are underwritten by Zurich Australian Insurance, combining Zurich's financial strength with Cowbell's technology-driven underwriting and claims processes [1] Group 2: Coverage and Features - The coverage offers limits of up to A$5 million per claim and utilizes an AI model to assess each client's cyber risks [2] - Each Prime One policy includes access to Cowbell's resilience resources, which aim to enhance cybersecurity preparedness before incidents occur [2] - Cowbell Factors provides AI-based risk assessments tailored to individual businesses, while Cowbell Insights offers specific recommendations based on the organization's risk profile [2] Group 3: Additional Services and Leadership - Cowbell Resiliency Services offers guidance on micro penetration testing, cybersecurity training, vendor risk management, and connections to trusted cybersecurity providers through the Cowbell Rx marketplace [3] - Anthony Wall has been appointed as head of underwriting for the local operation, bringing experience from AIG, Munich Re, and Chubb [3] - Alric Lal has been named head of business development for Australia, with a background from UBT, Marsh, and Aon [4] Group 4: Strategic Partnerships and Vision - Cowbell's partnership with Zurich aims to provide Australian organizations with a reliable foundation for cyber resilience, supported by continuous underwriting and risk intelligence [5] - Cowbell's CEO, Jack Kudale, emphasized that cyber protection should be straightforward, instilling confidence in businesses [4]