04.09.19
Corvus Team

View from the Nest: Recapping a Busy First Quarter

We can’t believe spring is already here! We’ve been launching products, opening new offices, and pushing our technology to new heights.

Corvus Insurance: First Quarter Highlights

For all of us at Corvus, it’s been a busy winter - we can’t believe spring is already here! We’ve been launching products, opening new offices, and pushing our technology to new heights.

But when you’re constantly in flight, it’s easy to forget to look back at where you’ve come. So today we’re doing just that and taking a moment to reflect on the past few months at Corvus.

[GIF] Corvid Turning Head and Looking Around

Get To Know Corvids:

Happy Spring! Did you know that corvids are a great ally in your garden? 60 to 90 percent of the insects that rooks eat are agricultural pests. Maybe you don't need that scarecrow after all -- unless of course you've just planted (seeds are a yummy corvid snack).

New Nests and New Corvids

We started the new year by announcing our West Coast office in LA. Brian Alva and Amanda Mirabile joined us to start the office, and we’re so happy to have them on the team, with lots of demand for Smart Commercial Insurance from brokers across the western U.S.
But our expansion this year wasn’t limited to the West - at the end of March we also announced our first office in the southern U.S., in Dallas TX. Greg Wagner joined Corvus to launch this office and enhance our presence across the Lone Star state and the midwest. Welcome to the team Greg!

New Underwriting Appetite and Tech

For many of the brokers we work with, the most exciting news of the quarter was our increased appetite for cyber. In March we announced Smart Cyber Excess Insurance, our third product. Our Excess offering enables Corvus to participate in cyber coverage towers with limits up to $1bn in revenue with $10 million in aggregate limits. We’re excited to be able to bring our Smart Cyber Insurance product to more of your clients through our Excess offering.

Our amazing Data Science team is also working constantly to improve our technology. One update from this quarter enables Corvus to quote faster -- including within 5 minutes for many accounts. Give us a shout if you’d like to learn more about faster quoting from Corvus.

Content for Brokers

  • Cyber Policyholders Need Security Data - Brokers Can Help

  • Historical Data Won’t Predict Cyber Claims - Here’s What Will

    • Why new methods are needed to underwrite cyber insurance, since historical data isn’t enough - click to read the post

  • What Is Silent Cyber Risk?

  • [WHITEPAPER] Silent Cyber: Threat or Opportunity?

Look out for more from Corvus in the next three months -- we hope you’ll be flying with us along the way!

[RELATED POST] Corvus Insurance Earns 2021 Great Place to Work Certification™

Corvus Insurance Earns 2021 Great Place to Work Certification™

Corvus recognized with most definitive "employer-of-choice" accolade.

[RELATED POST] Corvus Insurance Reports the Ratio of Ransoms Demanded to Ransoms Paid is Steadily Declining

Corvus Insurance Reports the Ratio of Ransoms Demanded to Ransoms Paid is Steadily Declining

Inaugural Corvus Risk Insights Index™ found that ransomware payments shrank from 44% in Q3 2020 to 12% by Q3 2021 due to improved backup processes and greater preparedness