Smart Cyber Reinsurance
Embedded Cyber Solutions
We partner with insurers, program managers, captive managers and other risk sharing pools to embed our industry-leading Smart Cyber Reinsurance product in their core offering. If your growing business is in search of new differentiators to attract agents, win sales, and provide a more complete offering, let’s talk.
Solving for Your Coverage Gaps
Cyber is unlike any other insurance product, and cyber-related risks permeate across industries and insurance coverages.
Many carriers do not have the risk appetite or ability to profitably underwrite cyber coverage. Many of these carriers bundle cyber coverage with their core policies, whether to address potential “silent cyber” risks, portray a cutting-edge image to the market, or to help win agents and policyholders with a more complete, differentiated offering.
Smart Cyber Reinsurance brings a new approach to embedded cyber insurance.
How Does Corvus Reinsurance Work?
Unmatched Policyholder Experience
At the time of bind, every broker and policyholder receives an instant, in-depth Dynamic Loss Prevention (DLP) report to further understand cybersecurity risks and exposures. If your customer is impacted by a cyber event and has a claim, our expert breach services team is here to help them get back up and running as quickly as possible.
Fast, Efficient Quoting + Binding
Once the white-labeled solution is set up, your agents and brokers can access quoting and binding with the shortest application in the industry and near-instant quoting for most accounts. With the insured’s website URL, the Corvus Scan does the leg work.
Our industry-leading Smart Cyber Insurance coverage can be embedded in nearly any existing program, or sold through individual account “buy-up” solutions. Our partners have the ability to apply their own branding to multiple parts of the offering and have significant flexibility with regard to data transfer and connectivity to Corvus.
Why is our holistic approach to Cyber the best choice for Carriers & Program Managers?
Our partners have access to tools proven to reduce cyber risk. Their agents and internal sales teams have a streamlined method to procure broader cyber coverage. And policyholders are given cyber security advice and alerts specific to their organization, plus access to Corvus’ Smart Breach Response team in the event of a claim.
Risk Mitigation Tools for Policyholders...That Really Work
With our ransomware cost calculator, Dynamic Loss Prevention report, and ongoing cybersecurity alerts, Smart Cyber Reinsurance provides policyholders with actionable insights to better understand and reduce their cybersecurity posture and risk.
Affirmatively Address Silent Cyber Risk
Close coverage gaps in your policies with a bespoke cyber product that has been built to cover today’s cyber risks and keep pace with the dynamic cyber risk environment.
Our standard appetite is broad and incorporates most cyber coverages. We can structure a coverage that you feel confident bundling with the core offering and that will be relevant to your target market.
We can incorporate your existing policy wording, or provide our own industry-leading coverage form with broad first- and third-party coverage including Business Interruption, Ransomware & Cyber Extortion, and Social Engineering coverage.