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The art of underwriting complex risk should never lose its human touch. While much of our underwriting process is automated through risk models built by our Data Science team, we understand that certain cases require expert review. Our Underwriting Team has decades of experience in Cyber, Cargo, and Tech E&O, so no matter the size or distinctiveness of the business, you can be sure the quote you’re getting has been developed with care.
– Casinos/gambling risks
– Colleges/universities
– Cannabis related risks
– Pornographic/adult content related sites
– Social media/networking (websites relying on user-generated content, blogs, chat rooms and online networking forums)
– Payment processors
Real-time access to information, 24/7. Push-button reporting. Advanced breach analysis from our data science team. Welcome to a smarter claims experience.
Data drives Corvus – and that includes the claims experience. With our digital platform, the CrowBar, brokers can access claims 24/7 and generate claims reports at the press of a button. Sending updates to a client is just another click away.
The claims experience doesn’t stop there. When a Smart Cyber Insurance claim occurs, Corvus works closely with our risk-taking partner Hudson Insurance Group. The U.S.-based claims team at Hudson has over 15 years of experience in handling Cyber, Media and Tech E&O claims. Claims are initiated through the breach coach, available 24/7.
While we work with the claims team on immediate response, our Data Science team runs a Corvus scan on the state of your IT Security at points in the past: one week and one month before the claim. The Corvus team advises the policyholder on how to improve IT security, providing specific recommendations directly related to the claim. If suggested improvements are made, we won’t count the claim against the policyholder at the next renewal.
And before a claim ever occurs, we have the best-in-breed resources, like table-top exercises, breach coaches, digital forensics, crisis management and much more. These are available in our Risk Management Portal, part of the CrowBar digital platform and available at no extra cost for all policyholders.
– Social Networking Websites
– Chat-rooms/Blogs/Message Boards
– User-Generated Content Websites (i.e YouTube)
– Online Dating Websites
– Gambling
– Adult Content
– Video Game Developers
– Aviation Software
– Microchip Manufacturers
– Cryptocurrency/Bitcoin
Real-time access to information, 24/7. Push-button reporting.
Welcome to a smarter claims experience.
Data drives Corvus – and that includes the claims experience. With our digital platform, the CrowBar, brokers can access claims 24/7 and generate claims reports at the press of a button. Sending updates to a client is just another click away.
In handling Tech E&O claims, Corvus works closely with our risk-taking partner Crum & Forster (C&F). C&F is recognized for providing superior service based on responsiveness, a collaborative approach and cumulative knowledge. The company has more than 500 claim professionals nationwide, with specialized expertise in Cyber and Technology E&O.
While we work with the claims team on immediate response, our Data Science team runs a Corvus scan on the state of your IT Security at points in the past: one week and one month before the claim. The Corvus team advises the policyholder on how to improve IT security, providing specific recommendations directly related to the claim. If suggested improvements are made, we won’t count the claim against the policyholder at the next renewal.
And before a claim ever occurs, we have the best-in-breed resources, like table-top exercises, breach coaches, digital forensics, crisis management and much more. These are available in our Risk Management Portal, part of the CrowBar digital platform and available at no extra cost for all policyholders.
Target Industry Segments:
– Manufacturing
– Wholesale
– Distribution
– Importers & exporters
– Freight forwarding
We offer an industry-first affirmative Cyber endorsement with Cargo policies.
Enhanced Coverage for Perishable Products
We work closely with our risk-taking partner, Argo Group, on handling cargo claims. When a Smart Cargo Insurance claim occurs, we can look at the shipment data of the event and track it to the minute. With that information, we can help determine what party in the logistics chain was responsible for the loss. If that is a party other than the policyholder, we are informed and effective at subrogating (making the other entity pay) the claim. That improves the loss record of our insureds.
Did you know that 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.
© 2019 Corvus Insurance Holdings, Inc. Boston, MA
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 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 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 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 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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