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Corvus Insurance (Boston), a specialty insurance MGA offering Smart Commercial Insurance products powered by AI-driven risk data, has announced the appointment of Albert Zhou as Chief Risk Officer. Zhou brings more than 12 years of cross-functional insurance experience, with deep operational expertise in actuarial, risk, and analytics, according to a Corvus statement. He reports to the company’s President, Prashanth Gangu, and joins the leadership team.
Albert Zhou, Chief Risk Officer, Corvus Insurance.
“I was drawn to Corvus because of its strong underwriting results, which are enabled by an innovative and collaborative culture consisting of top-tier talent from both technology and insurance backgrounds,” comments Zhou. “Cyber insurance is an exciting, non-commoditized insurance product that provides critical coverage to our policyholders while still allowing plenty of room for innovation and growth.”
Prior to joining Corvus, Zhou was the Chief Actuarial & Analytics Officer at SynchronoSure (Raleigh, N.C.), an early stage commercial MGA. Previously, in 2021, he founded Toyl Ventures, a privately owned arbitrage trading firm focused on digital assets. Zhou also spent seven years at Third Point Re and SiriusPoint, most recently as SVP, Actuarial Director, where he led the U.S. actuarial team in pricing, reserving, capital modeling, and risk management. He began his career as an actuarial consultant at Ernst & Young and is a Fellow of the Casualty Actuarial Society.
Instrumental Leadership
Prashanth Gangu, President, Corvus Insurance.
“Albert’s deep experience and leadership will be instrumental in advancing Corvus’s industry leading approach to managing cyber risks on our journey to be the dominant cyber insurance player,” comments Prashanth Gangu, President, Corvus Insurance.
In his new role at Corvus, Zhou will focus on implementing best-in-class risk and actuarial practices by overseeing pricing, reserving, systemic risk modeling, risk accumulation, and aggregation, the Corvus statement says. He will also manage risk-taking through Corvus’s captive, Corvus Reinsurance Company. Zhou joins Corvus during a period of strong momentum following a year of solid growth. Corvus reports that during 2022 the company grew cyber premiums by 80 percent while achieving a U.S. industry-leading loss ratio of 36 percent. Corvus was also named #2 on Forbes list of America’s Best Startup Employers 2023.