SUNNYVALE, Calif., August, 9 2022 – Mulberri Insurance Services, an AI-driven Insurtech platform designed for Professional Employer Organizations (PEOs) and Brokers, announced the addition of Cowbell, the leading provider of cyber insurance for small and medium enterprises (SMEs), to their quoting and buying platform. This integration allows Mulberri’s partners to quickly quote and bind Cowbell Insurance offerings for their SME clients to protect them from financial loss due to evolving cyber risks.
Cowbell’s Insurance uses artificial intelligence to provide stand-alone coverage to enterprise customers for security breach expenses, extortion threats, the replacement or restoration of data, loss of business income, security breach liability, computer fraud, ransom payments and more. This partnership supports Mulberri’s mission to insure and protect businesses using data-driven technology for a more efficient, transparent, and simplified experience.
Mulberri is the first business insurance platform offering a seamless quote and bind experience that was designed with PEOs and for PEOs. Cowbell is Mulberri’s first standalone cyber insurance carrier integration that enables the ability to quote and bind in minutes.
Cybersecurity has become prominent in this digital age as cyberattacks evolve in complexity and frequency. Mulberri and Cowbell are collaborating to provide PEOs and Brokers with an innovative digital channel to procure cyber insurance designed to protect SMEs from financial and operational impacts of increasingly dangerous cyber threats.
“Our partnership with Cowbell will provide broader business insurance offerings for our clients which will help us in achieving our overarching mission to simplify the archaic and fragmented process of securing insurance to ensure that SMEs are protected in all facets of their business including from evolving cyber threats,” said Hamesh Chawla, CEO of Mulberri.
“We are delighted to bring Cowbell Prime to Mulberri’s platform. Their mission is aligned with ours in protecting SMEs from cyber threats using AI data-driven technology. We strive to spread Cybersecurity Literacy by providing data-driven risk assessment anchored in Cowbell Factors to a broader market through our partnership with Mulberri,” said Jack Kudale, CEO of Cowbell.
Mulberri is redefining how insurance is delivered. Almost $100B of Property & Casualty (P&C) is placed annually in the small-medium market using manual workflows, archaic processes, and low-tech solutions. Without efficiency and automation, people are unproductive, resulting in process friction and delays. Launched in 2021, Mulberri is the first business insurance solution built for PEOs and brokers. Mulberri allows PEOs, brokers, small-medium businesses, and carriers to come together to write business. Our mission is to use technology to connect people and help them make intelligent data-driven decisions to make the business insurance process simple, efficient, and transparent.
Cowbell is signaling a new era in cyber insurance by harnessing technology and data to provide small and medium-sized enterprises (SMEs) with advanced warning of cyber risk exposures bundled with cyber insurance coverage adaptable to today and tomorrow’s threats. 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 50 U.S. states and the District of Columbia. Cowbell Reinsurance Company is a licensed insurance captive in the State of Vermont. For more information, please visit www.cowbell.insure.