Now In Flight: Corvus and eProvenance Team Up to Bring Monitoring and Insurance Coverage to Wineries
eProvenance solutions use innovative, patented technology to deliver insights on transport and storage practices to help clients make better business decision and assure quality of their goods.
Today we are excited to announce our partnership with eProvenance, a leader in solutions to monitor and analyze shipment conditions of sensitive and perishable cargo. With this partnership, we are offering Smart Cargo + Cyber™ policyholders an option for additional monitoring services that will help them to improve the quality and consistency of shipments of wine and other sensitive goods, as well as enhanced coverage.
eProvenance solutions use innovative, patented technology to deliver insights on transport and storage practices to help clients make better business decisions and assure quality of their goods. Central to the solution is the eProvenance Score, which clearly validates if you are taking great care of your wine shipments and your channel is delivering on your quality promise, or indicates the extent of shipment damage (if any).
Delivering Value Beyond Coverage
Corvus’s Smart Cargo + CyberTM policies are used by wineries and other beverage companies across the U.S., providing them with the industry’s broadest coverage including a first-of-its-kind affirmative cyber coverage endorsement. With this partnership we offer enhanced coverage based on the eProvenance Score, and policyholders get an integrated partner for monitoring services, including the use of proprietary sensors for tracking the temperature of shipments, a Customer Care Team to handle sensor shipment and collection, and an online dashboard for viewing reports and analysis.
As with all Corvus policies, brokers and policyholders working with Smart Cargo + Cyber get a detailed Dynamic Loss Prevention (DLP) Report, which includes AI-driven data Corvus gathers on cargo risk and cyber risk. DLP Reports are provided at the start of the policy and at regular intervals during the policy term. Between the Corvus DLP, the eProvenance Score and ongoing monitoring from both companies covering cyber risk and per-shipment temperature data, wineries and beverage distributers are equipped with an unprecedented view of their overall risk.
We’ve long been impressed with the expertise and accomplishments at eProvenance, and are pleased to be partnering with a company that shares our dedication to delivering value by making new sources of data actionable for customers.
Mike Karbassi is Vice President and Head of Cyber Underwriting at Corvus. He specializes in Network Security, Privacy Liability, Technology E&O, Media Liability, and Miscellaneous Professional Liability. Karbassi has over a decade of experience in insurance and is a graduate of the Boston University Questrom School of Business.
Gerritt is the Chief Commercial Officer at Corvus. He has over 20 years of sales and marketing experience, primarily focused on technology and data solutions for the financial services industry.
James co-founded Corvus and is the company’s Chief Technology Officer. A 30+ year technology veteran, Jaimie most recently served as CTO of Iora Health and previously co-founded Gazelle.
Mike Lloyd is the Co-Founder and Chief Product Officer of Corvus Insurance. Previously, Mike co-founded Poncho, a personal lines agency InsurTech startup, and was a venture investor at FJ Labs. Mike has an MBA from Harvard Business School and engineering degrees from Virginia Military Institute and MIT.
Phil is the founder and CEO of Corvus. A 30+ year insurance veteran, Phil co-founded broker William Gallagher Associates (acquired by Arthur J Gallagher in 2015) and was an active leader in both the Worldwide Broker Network and Council of Insurance Agents and Brokers. Phil is the Managing Partner of Edmus Ventures where he invests in InsurTech companies including Verifly, Wellthie, Agentero, and Cover Wallet, and serves on the board of Cover Wallet.