8 August 2019

Now In Flight: Smart Tech E&O™

Today the Corvus team is thrilled to announce Smart Tech E&O Insurance, our data-enabled Tech E&O product with primary limits up to $5M. 

Today the Corvus team is thrilled to announce Smart Tech E&O Insurance, our data-enabled Tech E&O product with primary limits up to $5M.

This product has all the features you expect from a Tech E&O/Cyber Insurance policy, with broad form coverage for technology services, technology products, and professional services. It includes Corvus’s Smart Cyber Insurance coverage with blanket Contingent Business Interruption and system failure, as well as up to $2M in cybercrime and social engineering coverage.

Crucially, Smart Tech E&O also empowers brokers and policyholders to predict and prevent cyber insurance risks and claims through ongoing IT security scanning and scoring. We call this Dynamic Loss Prevention®.

If you’ve worked with Corvus before, you know that Dynamic Loss Prevention is at the heart of our Smart Cyber Insurance policies. It drives our transparent underwriting and ongoing assessments of an organization’s cyber risk exposures. We’re excited to be bringing the value of the DLP to new policyholders in the technology and professional services industries.

Beyond the Policy 

Like our namesake birds, we’re tool builders at Corvus. We build our products with the express goal of sharing data and knowledge with brokers, so they are empowered to guide their clients to understand and improve their IT security.

Dynamic Loss Prevention Reports, delivered upon binding and quarterly during the policy year, offer access to the results of Corvus’s data science in an approachable, easy-to-digest way. The DLP Report contains detailed risk scoring and analysis of your client’s security vulnerabilities, along with explanations written in plain English that make sure you and your clients understand what’s behind the underwriting, and what they can right now to improve their security.

We’re so excited to be able to serve more policyholders than ever with our new products, and there is much more to come. Send us your submissions today!

Mike Karbassi

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 Graham

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 McElhiney

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

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 Edmundson

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.

Play Video