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Corvus Insurance (Boston), a specialty insurance MGA offering Smart Commercial Insurance products powered by AI-driven risk data, has announced that it has partnered with The Travelers Companies, Inc. (Hartford) to back its Smart Cyber Insurance offering.
Oliver Delvos, Head, International, Corvus.
The venture will provide cyber insurance products and services to companies in continental Europe and follows the recent opening of the company’s Frankfurt office, overseen by Oliver Delvos, Head, International, Corvus, according to the announcement from the MGA. Subject to regulatory approval, the European expansion of Corvus’s Smart Cyber Insurance offering will initially be geared toward small- and medium-size enterprises and middle market businesses with annual revenues up to EUR 1 billion, the announcement says.
“Corvus is uniquely positioned in today’s European market,” comments Madhu Tadikonda, CEO, Corvus Insurance. “We’re thrilled to partner with Travelers to bring our transparent, data-driven, and expert approach to underwriting and risk mitigation to a new audience of brokers and policyholders.”
Robust New Offering
What Corvus calls a robust new offering will focus primarily on Germany and Austria, providing brokers and policyholders with localized and unmatched cyber insurance tools, along with the combined cyber underwriting expertise of both Corvus and Travelers, the company says. As part of its long-term growth strategy in Europe, Corvus says it will continue to expand its international business, opening additional offices across the continent.
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