Insurtech Cowbell has rolled out its new cyber insurance offering, Prime One, across the United States, marking a major expansion focused on protecting mid-sized companies from cutting-edge digital threats. The product specifically targets organizations with sophisticated technology setups and annual revenues ranging from $250 million to $1 billion, providing up to $10 million in coverage limits on a non-admitted basis.
Insurtech Cowbell also noted that this launch addresses the growing complexities of modern business operations that rely heavily on interconnected digital systems, cloud infrastructure, supply chain partners, financial dealings, and confidential information.
At its core, Prime One stands out by explicitly including protection against incidents tied to artificial intelligence and the emerging challenges posed by quantum computing.
These areas represent some of the fastest-developing and most unpredictable hazards in today’s risk landscape.
The policy’s updated structure takes into account how advanced technologies are transforming how businesses operate, from decision processes to system interconnections.
It encompasses a wide array of protections, such as losses from cybercrime, interruptions to business activities, system malfunctions, data recovery efforts, liability claims from third parties, and more specialized risks like exposure of biometric information, improper data gathering, and physical property damage enabled by cyber events.
Industry professionals at Cowbell emphasize that traditional notions of cyber threats are outdated in the current environment.
Trent Cooksley, the company’s co-founder and chief operating officer, noted that risks now extend far beyond conventional hacking methods.
The new product responds directly to issues like AI-powered events, sophisticated fraud schemes, and the looming disruptions from quantum technology, ensuring policyholders receive clear and forward-thinking support during crises.
This approach underscores Cowbell’s dedication to anticipating future vulnerabilities rather than reacting to them. A particularly notable aspect of Prime One involves its proactive stance on quantum-related dangers.
As quantum computing advances, it is projected to undermine existing encryption methods, potentially exposing vast amounts of secured data.
The coverage helps businesses transfer these risks effectively, offering safeguards against encryption breakdowns and unauthorized data access that could arise from such technological shifts.
Similarly, the policy affirmatively addresses AI-driven incidents, including those stemming from improper access or misuse of AI tools integrated into daily operations.
With companies increasingly embedding AI into their workflows, this feature helps insurance keep stride with technological progress.
The US introduction draws on Cowbell’s prior success in international markets, where partnerships with global reinsurance specialists like Chaucer have refined coverage for intricate digital exposures.
Simon Hughes, Cowbell’s chief commercial officer, described the launch as a key advancement for serving the mid-market space.
He highlighted how Prime One combines professional underwriting, tailored distribution channels suited to national brokers, and comprehensive options that deliver both adaptability and substantial protection for larger enterprises seeking robust cyber programs.
Underwritten by Chaucer Insurance Company, the product also bundles practical benefits. Policyholders receive a one-year subscription to Cowbell’s vendor risk evaluation tools and cybersecurity training programs through its Resiliency Services division.