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.
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.
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.
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.
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.
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.