New Sources of Data
Your insights are only as good as your raw material – the data. Traditional insurance relies on familiar sets of data, decade after decade. At Corvus, we’re constantly finding novel sources of data to improve our tools and models.
Putting Data to Work
Data science techniques like AI and machine learning get a lot of buzz. Smart companies put them to work. Corvus continuously incorporates the findings of our Data Science team into our product experiences and underwriting guidelines.
Digestible Info
Risk is complicated. Helping brokers and policyholders understand what data science tells us about their risk profile is an important part of the Corvus approach. We provide easy-to-read reports to help manage risk.
Continuous Monitoring
Modeling risk is the cornerstone of underwriting. Our data science team is continuously updating and improving models to identify emerging risks and offer better pricing and coverage options
Dynamic Loss Prevention®
With differentiated data, we create differentiated tools.
Our Dynamic Loss Prevention (DLP) program breaks down the complex world of cyber risk and ensures brokers and policyholders are empowered with actionable insights from our AI and machine learning analysis.
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Corvus Scan and Smart Cyber Score
One component of the DLP Report is the Corvus Score, our holistic measure of a company’s IT security. It is a weighted aggregate of eight security measures driven by the Corvus Scan, our proprietary, non-invasive IT scan. The score forms a key component in our underwriting process, enabling customized price and coverage options for brokers
Cyber Risk Exposure Groups
The Corvus Scan identifies vulnerabilities that fall into eight categories. Those risk exposures groups map to your clients’ insurance coverage, with some overlapping relationships. It gets complicated. That’s why In our DLP report you’ll see cyber risk exposures mapped to the insurance coverages you’re familiar with. You’ll also find materials that will help you understand the relationship between cyber risk and coverage.
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IT Security Recommendations
The DLP’s detailed full scan report features risk mitigation recommendations. The guidance is detailed enough for IT managers to take action right away to help your clients improve security and prevent claims. Recommendations are prioritized by their potential impact on overall security, so you’ll see the most critical gaps first.
Dynamic Loss Prevention for Smart Cargo + Cyber Insurance
Billions of data points from sensors can provide a clearer view of patterns and trends in risk for losses due to temperature change in cargo shipments. Our Data Science team models cargo risk based on unique factors from new data sets.Powerful Data Science - Actionable Tools
What is Dynamic Loss Prevention?
And how can it help brokers win business?
Dynamic Loss Prevention Reports help brokers and policyholders better understand risk.
Risk Exposures: Explained
Cyber risk is complex.
Corvus maps certain risk exposure groups to insurance coverages to form our Corvus Score and DLP Report.
Why technology is about to revolutionize the specialty commercial insurance market
It’s impossible to ignore how software has changed our world in the past decade — we now use ride-hailing apps for transportation, turn to streaming services for limitless entertainment, and track our food deliveries through third-party apps. Companies are pioneering new and evolving technologies as well as infrastructure to remain competitive. If they don’t, they fall behind — Blockbuster and cab companies can attest to the struggles of staying afloat once they’re competing against software-focused, industry disruptors. The marketplace envisioned by Marc Andreesen when he wrote that “software is eating the world” back in 2011 is becoming evident in every part of our working and personal lives.
Energy and Utilities Companies: Improve Cyber Hygiene with a Custom Report
Colonial Pipeline had a shocking result, but what led to the situation was hardly out of the blue. For utilities, energy companies, and other critical components of infrastructure, our free cybersecurity reports may help.