Corvus Insurance - AI-Driven Smart Commercial Insurance

A Smarter Approach

At Corvus, we build Smart Commercial Insurance Products: policies built on data-driven underwriting.

We constantly make our products smarter by applying findings from new sources of data analyzed with machine learning and AI techniques. We deliver novel insights to our broker partners, helping to make them smarter about complex risks their clients face. And we’re transforming an industry that lacks transparency by informing the insurance buyer, helping them to be smarter about practices to mitigate risk and prevent loss.

Like our namesakes the Corvids, the family of birds revered as the most intelligent on earth, we believe we stand a breed apart.

Breaking The Silence on Cyber

A decade ago, Marc Andreessen proclaimed “software is eating the world” and today that holds true. Yet as software has become ubiquitous, so has the threat of exploit by cyber criminals. Anyone connected to digital infrastructure is at risk, and today, that’s everyone.

In the face of this abundant risk, the insurance industry is paralyzed. Centuries-old practices preclude the use of new insights. Underwriting with lengthy paper applications still rules the day. And the industry remains silent on cyber coverage, leading to ambiguity for brokers and policyholders.

At Corvus we aim to affirm Cyber coverage in all our products, using best-in-class data science and technology capabilities to embrace this global threat.

See how we’re raising our voice on cyber.

Data Drives Corvus

The quality of data you collect dictates the quality of your insights. At Corvus, we are constantly evaluating new sources of data, and analyzing the sources we believe will provide novel insight. The results of this applied-AI process can be seen in Corvus’s Dynamic Loss Prevention® reports and our easy-to-use tools to help brokers understand complex risks and educate their clients.

[SMART INSURANCE DIAGRAM] Corvus Dynamic Loss Prevention Report

Corvus Score: Cyber

Our holistic measure of a company’s IT security. Based on the Corvus Scan^TM, it is a key component in our underwriting team’s proprietary process, enabling customized price and coverage options.

Learn more about the Corvus Scan

Risk Exposure Groups

Vulnerabilities in a company’s IT security profile represent exposure to certain cyber risks. In our DLP report, we map these risks to insurance exposure groups that brokers are familiar with.

Insights from IoT

Billions of data points collected from sensors on millions of shipments provide a clearer view of patterns and trends in risk for cargo shipments. Learn more about Data Science at Corvus.

See more from the Corvus Data Science Team

DATA SCIENCE AT CORVUS

Reimagining Commercial Insurance

Our goal is to empower brokers with intuitive tools that reduce administrative work while providing insight to better understand, and inform their clients on complex risk.

Ease of Use

Our platform was built on direct feedback and advice from brokers who use it. We’ve honed the experience to be easy for brokers and their clients to work with.

Adaptability

Commercial Insurance is famously stuck in its ways. We continually adapt our products with findings from our Data Science team so that the product keeps pace with the changing cyber risk landscape.

Speed

By reducing the amount of work that goes into submitting and binding business, the Smart Commercial Insurance process is significantly faster than a traditional insurer’s.

Transparency

With instant access through our platform, brokers see all the documents and risk management information pertaining to their clients at any time.

Learn more about our technology

The innovative approach to cyber risk resonates with my clients. Dynamic Loss Prevention coupled with a state of the art policy is a winning combination.

Jared Hopkins

CRC Insurance, Atlanta, GA

Corvus's service has been outstanding. They have done what so many of my markets fail to do: think. They took a difficult submission and effortlessly turned it into a bindable piece of business. The team's professionalism and expertise have been something I do not see nearly enough of in today's insurance industry.

Andrew Kelly

Alexander J Wayne and Associates, Chicago, IL

We knew their insurance product was competitive, but in Corvus we found a true partner. From top to bottom we think about the insurance business similarly. Whether we are talking about building an API integration or working with the underwriting team, our partnership with Corvus has been fantastic, and it is only the beginning.

Brian Thornton

President, ProWriters

The Corvus CrowBar^®

Crows set the bar in smarts among birds, and at Corvus we pursue the same standard. Our platform has been engineered for brokers with an aim to provide best in class software for brokers in the areas of ease of use, self-service, automation and speed.

Risk Management Hub

Policyholders and brokers have access to the NetDiligence eRiskHub at their fingertips through the CrowBar. Take advantage of pre-claim support services, risk management training and learning resources. The portal is constantly updated with the most recent news and training to ensure users are always aware of the latest trends.

Quick Quoting

Short on time? Need a quote on a Saturday? Looking to impress a client with best-in-class service? We’ve got you covered. With just a few questions, we are able to provide you with a bindable quote and Corvus Score within just minutes on most accounts.

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Short and Dynamic Applications

By leveraging third party data to inform our underwriting, we are able to keep our applications short. We only ask as many questions as we need to in order to provide a bindable quote. Most brokers complete our application in under a minute.

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DATA SCIENCE AT CORVUS

Keeping up with Cybercriminals: The Future of Online Threats

We’re all familiar with lifelong enemies Tom and Jerry. Under the spell of their natural instincts, they play predictable parts: cat chases mouse and mouse blows up cat. Tom is stubborn enough to go through physical torture to catch his prey, and Jerry is smart enough to escape an untimely demise. While threat actors aren’t carrying around mallets and cybersecurity experts don’t frequently reckon with barrels of dynamite, the continued battle between the two plays out in real life with tangible consequences. Threat actors seem nearly impervious to broad efforts to crack down, but a large and growing contingent of cybersecurity pros have proven that there is hope.

READ THE BLOG

Commercial insurance reimagined.

Making insurance smarter, policyholders safer, and brokers more successful.

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A Smarter Approach

How We Do It

Breaking The Silence on Cyber

See how we’re raising our voice on cyber.