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.
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
How brokers can help their clients through sharing data and explaining cyber risks - click to read the post
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?
What "Silent Cyber" risk is, and how it evolved as an issue - click to read the post
[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!
Corvus Insurance Adds First Organizations to ‘Smart Cyber Partnerships’ Ecosystem to Drive the Future of Cyber Risk Management
Sharing aggregated data between partners — including Orca Security, Ermetic, ClearVector, and Expel — adds new dimensions to Corvus’s risk assessments
Corvus Insurance Reports Ransomware Attacks are Down from Recent Peaks, as Costs and Frequency of Claims Trend Downward
Corvus Risk Insights Index™ finds 2021 average ransoms paid by quarter was $167K, down 44.2%