Cowbell, the provider of cyber insurance for small and medium-sized enterprises (SMEs), announced the launch of Cowbell Academy, a unique institution that “offers insurance agents and brokers lessons on cyber insurance.”
The program “includes general classes such as Cyber Insurance 101, assessments to help brokers evaluate their level of knowledge with cyber insurance, as well as classes dedicated to Cowbell’s products.” Cowbell is reportedly “the first cyber insurance provider to offer formalized eLearning services for insurance brokers dedicated to cyber.”
In a recent survey of over 500 agents and brokers, Cowbell found “that 48% of insurance brokers and agents feel uncomfortable explaining cyber insurance to their clients.”
The same study found “that 60% of clients are driven to obtain cyber insurance through increased awareness around cyber insurance, not by their brokers or agents, but instead by their peers.”
Although standalone cyber insurance is “a direct means for small and medium-sized enterprises to get adequate financial protection from cyberattacks, coverage is not accessible to many because their primary insurance agent does not present the option to them.”
Alexis Cierra Vaughn, avp of agency marketing at Cowbell, said:
“Having been a broker myself, I know how hard it can be to get comfortable selling a new line of insurance. I’m proud to offer Cowbell Academy as a one-stop, dedicated service to our appointed brokers that can help them get familiar with all aspects of cyber insurance.”
Todd Chollet, risk advisor at Lakenan Insurance, said:
“Cowbell Academy is a much-needed addition to the cyber insurance market. The academy does a good job of simplifying the subject and Cowbell’s coverages. Knowing that our brokers can go to the eLearning service anytime and continue their learning on cyber insurance is invaluable.”
Courses at Cowbell Academy “have been developed by insurance and cybersecurity professionals with extensive agent and broker experience.”
The curriculum is “centered on the evolving cyber industry.”
As a fast-growing field, classes are “crafted with each cyber insurance learning level in mind, breaking down the complex topic to a level that every learner can understand.”
Cowbell Academy also “offers complimentary continuing education credit courses to appointed agents, with a curriculum focused on cyber insurance in multiple states.”