The Corvus team is pleased to welcome the newest member of the Corvus Board of Directors, Ellen Rubin.
Some InsurTechs are following Uber’s model. Will the same strategy work in commercial insurance?
At Corvus, we are working to address this so-called “silent cyber” risk across the many commercial insurance coverage areas where clarity is lacking.
“Silent cyber” is the possibility that an insurer of a non-cyber insurance policy will assume risk triggered by cyber peril such as a ransomware attack, denial-of-service attack, or data breach that would otherwise be insured under a full cyber insurance policy.
You’ve probably heard folks in the industry talking about Silent Cyber risk. You even might have an idea about what silent cyber risk is, and understand how it might impact your clients.
Reliance upon historical loss data, that pillar of insurance underwriting, will likely lead to a false sense of security among many insurers.
It’s been the most talked about term in global commercial insurance for the past year or so. It seems like every major reinsurer, broker, and insurance publication has commented on the topic, and explained the risks it poses.
The use of previously ignored or inaccessible data can move the needle and get the attention of insurance buyers in 2019
“Until now, we have been unable to get insurance for our clients that responds to the risk exposure caused by a loss of goods while in transit or at warehouse or clinical trial locations.”
As connected software has become embedded in the practices of nearly every business, cyber risk has become a factor for all lines of commercial insurance.