View from the Nest: Continuing Rapid Growth in Q2 2019
Product launches, new corvids, and updates to our tech are just a few things that have us singing after a busy second quarter.
Corvus Insurance: Second Quarter Highlights
As the Corvus team kicks off Summer 2019, we’re looking forward to more than just sunny weather and trips to the beach. Product launches, new corvids, and updates to our tech are just a few things that have us singing after a busy second quarter. Thank you so much to our broker partners that have worked with Corvus to make Q2 our biggest quarter yet!
Get To Know Corvids:
Crows are cooperative breeders. This means that they stay close to where they were born, often helping to raise and defend the area’s young chicks.
New Nests and A Growing Flock
Back in Q1, we announced the launch of our Dallas and L.A offices. The momentum in growing our Smart Cyber Insurance business continued in Q2 as Corvus founded new nests in Chicago and Atlanta, with Vice Presidents of Cyber Underwriting Amanda Stantzos and Joel Fehrman heading up those locations.
Meanwhile, VP of Cyber Underwriting Peter Hedberg joined the team to bolster our presence in New York City, and we continued hiring in Boston and L.A. as well. It’s been an exciting period of growth for the team, and it will continue this quarter!
Smart Commercial Insurance Updates
The Data Science team at Corvus has made great strides toward enhancing our Dynamic Loss Prevention reports. During the last few months, our proprietary database of breach incidents has identified several new cyber risk indicators that will be integrated into the reports this coming quarter.
Speaking of Dynamic Loss Prevention, this past quarter we released some new tools and materials for brokers to help understand the DLP reports. Click here to check out our post that answers the basic question: “what is the DLP?” (and be sure to check out the video while you’re there). Then we invite you to go deeper on understanding the Corvus Scan and how we map cyber risks to insurance coverages.
Additionally, we announced some news that got Cargo brokers excited in Q2: We’ve taken flight (or rather, to the sea) with the shipment of hemp/CBD products and all aspects of the wine industry – wineries, distributors, and wholesalers. If you’re interested in learning more about what we are underwriting within these product categories, email us at email@example.com
Silent Cyber: Threat or Opportunity? How Silent Cyber Became a Leading Risk, and How Insurers Can Reduce Exposure
- Did you catch last quarter’s PLUS Journal? Corvus founder and CEO Phil Edmundson shared his thoughts on “Silent Cyber” risk – see the article starting on page 13 in the Journal
Smart Commercial Insurance: New Data Sources Fuel New Underwriting Era
- Phil also shared his thoughts on how differentiated data is changing the entire underwriting process in the June issue of Carrier Management — click to read the full article
IUA Response Shows Need for Real Solutions
Silent Cyber Threatens Brokers Too: E&O Risk in Cyber
Thanks for reading!
Corvus recognized with most definitive "employer-of-choice" accolade.
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