Cyber insurance is in transition. Demand is skyrocketing as the wave of ransomware attacks shows no sign of slowing down. All at a time when businesses and insurance agents still need to establish a better understanding of this ever-changing line of insurance coverage.
In pursuit of our mission to make cyber insurance accessible to all, the Cowbell team always seeks input from the market – policyholders, first time buyers of cyber coverage, distribution partners, or reinsurance entities.
This feedback loop from the market is of such importance to us that, in order to solidify this process, we have established an Agency Advisory Council. We’re proud to announce the following participants to our council.
We are fortunate to have such a wide range of distribution partners in our Agency Advisory Council who are willing to work closely with us to help stir up what the future of cyber insurance should look like.
Challenges and topics to address abound:
- Using data and technology in underwriting to counteract the immense increase in demand, claims frequency, and claims severity.
- Educating agents, brokers, and policyholders on cybersecurity and incident response.
- Identifying and defining services that will expand the value provided to insureds beyond a cyber policy.
Just to name a few.
We are excited to embark on this journey with so many bright minds and find answers to questions that are getting asked today, and will be in the future.
If you are interested in getting appointed with Cowbell Cyber, you can visit our website.