Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced a partnership with Millennial Shift Technologies, a custom branded e-trading platform suite.
The partnership will deliver Cowbell’s cyber insurance programs, Cowbell Prime 100 and 250, on Millennial Shift’s e-trading broker platform, mFactor.
Now, more than ever, brokers are “looking for ways to complete business transactions online.”
According to Deloitte’s ‘2022 Insurance Industry Outlook’ report, online platforms such as mFactor are “essential for achieving most digital transformation goals as they serve as a key enabler of workforce technology and operational flexibility.”
This integration “empowers insurance brokers to instantly deliver bindable cyber insurance quotes to clients, offering clients best-in-class products through digital API connectivity and an aggregated e-trading platform.”
Mark Meury, CEO of Millennial Shift Technologies, said:
“Our mission is to empower brokers by allowing them to be more efficient in today’s busy marketplace through our personalized customer engagement e-trading suite anywhere and anytime. We are excited to partner with Cowbell and advance that mission by offering their digital cyber insurance products online to our broker partners so they can continue to work with their trusted underwriters and remain the broker of record.”
Erin Dyer Blain, Sr. Director, Digital and Affinity Partnerships at Cowbell, said:
“Through our partnership with Millennial Shift Technologies, we are able to offer cutting-edge cybersecurity solutions that meet the unique needs of businesses in the digital age. We are committed to providing brokers the services to better assist their operations in the ever-evolving threat landscape.”
The new solution services businesses “with up to $250 million in revenue with the C owbell Prime 250 cyber insurance product, which bundles risk management resources with every policy, allowing policyholders to continuously improve their cyber risk profile.”
As noted in the update. Millennial Shift Technologies claims it is “a leading custom branded e-trading platform suite designed to empower brokers to quote, bind and issue policies within minutes through multiple distribution channels while maintaining the broker underwriter relationship.”
Founded in 2019, Millennial Shift Technologies is “based in Phoenix Arizona with employees across the United States.”