Corvus Insurance Doubles Underwriting Offering, Expands Small Business Cyber Offering

A transition to Traveler’s paper for its core Cyber and Tech E&O products has enabled an increase in the scope of business the MGA/MGU can write.

(Image source: Corvus website.)

Corvus Insurance (Boston), a cyber underwriter powered by a proprietary AI-driven cyber risk platform, has made a series of announcements aimed at expanding its underwriting appetite and its cyber services for policyholders.

For its Smart Cyber Insurance product, which covers primary and excess policies, Corvus has:

Mike Karbassi, Chief Underwriting Officer, Corvus.

  • Doubled its limit offering to $10 million for aggregate covered losses.
  • Raised the annual revenue to $5 billion for companies it will offer coverage.

Corvus has also increased its underwriting appetite for businesses with less than $30 million in annual revenue, with a particular focus on the sub-$10 million segment.

The insurer reports that it has revised limits and revenue guidance are available across a broad set of business classes. All Corvus products are now written on Travelers Excess and Surplus Lines paper.

“Our ability to use data and the skill of our underwriting team to underwrite effectively across segments and sizes of business through varying market conditions sets us apart,” comments Mike Karbassi, Chief Underwriting Officer, Corvus Insurance. “Having transitioned to Travelers paper for our core Cyber and Tech E&O products earlier this year, we’re excited to increase the scope of businesses we can now write.”

Corvus Insurance Acquires Cyber and E&O Platform Wingman Insurance

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

Leave a Comment

(required)