1 October 2019

View from the Nest: Soaring into Q4

Two innovative product launches, a corporate partnership, and ten new corvids joining the Flock made Q3 one to remember.

What a quarter.
We’ve had so much news to share with you over the past three months, looking back it’s almost hard to believe the first Corvus Summit was this same quarter. Since then, we’ve launched two major new products, announced a new partnership, and hired a whole gaggle of new corvids. Did you miss anything along the way? Read on to see what the Flock has been up to.

The Flock Grows by Ten!

If you’re one of our followers on LinkedIn and Twitter, you’ve probably noticed a lot of new corvids hopping into the nest. There have even been reports of an increase in the corvid population around Bay Area – I guess the word got out that we’re starting a new Corvus Nest in San Francisco, with Hannah Hoeflinger as the first hire located there! 

We’ve brought in new hires across almost every department and we’re still looking for more. Curious about joining the Flock? Learn more.

Corvus Map With Locations
In Q3 we expanded further westward to include a new 'nest' in San Francisco, California.

Smart Commercial Insurance Gets Even Smarter

As the industry continues to grapple with concerns over “silent cyber”, we launched the first cyber-affirmative insurance policy for the ocean cargo industry, Smart Cargo+Cyber™. With this offering, each policy includes an affirmative Smart Cyber® endorsement and a Dynamic Loss Prevention Report®, outlining the policyholder’s cyber risk footprint.  

Next, we launched our data-enabled Smart Tech E&O™ product, a Tech E&O policy that includes Smart Cyber Insurance coverage with blanket Contingent Business Interruption and system failure, as well as up to $2M in cybercrime and social engineering coverage.

In the meantime we developed Corvus Flight, an enterprise solution for our partner brokers that offers a customized version of our platform, the CrowBar, making wholesale and retail brokers alike more efficient. With short apps, instant quotes, and no-touch binding, Corvus Flight was built with brokers in mind. Learn more here.

Get To Know Corvids:

Baby American crows are born with blue eyes. As they mature over the summer months, the color changes to the familiar black we associate with these birds.

Industry Insights From Corvus

  • Are all insureds aware of their business interruption vulnerabilities? With ransomware on the rise, our Lead Data Scientist Chris Hedenberg addresses the need for breach calculators in today’s risk environment. Read the full blog here.
  • Your clients’ biggest cyber risk? Their people. Chris Hedendberg outlines five ways to defend against ‘people risk’. Read the full blog here.
  • Can InsurTechs Follow Uber’s Path? There May Be Pitfalls — read the full article from Phil Edmundson in Carrier Management, click here.

Corvus in the Press

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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.

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