Corvus Insurance Enhances Cyber Renewals
Fast, application-free, click-and-bind renewals are now offered for eligible accounts.
BOSTON, March 27, 2024 — Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, today announced updates to its policy renewal process, including the introduction of an application-free, click-and-bind option for select accounts. The updates drastically reduce the time brokers spend on cyber renewals by eliminating repetitive application questions and providing transparency with a customized year-over-year coverage comparison.
“We’re excited to enhance the experience for brokers by streamlining a renewal process that can traditionally be slow and tedious,” said Mike Karbassi, Chief Underwriting Officer at Corvus Insurance. “This is another example of how we’re providing innovative solutions that enable brokers to focus on helping customers and growing their business.”
Brokers with accounts that will not require an application for renewal will be informed 90 days prior to the renewal effective date. At 45 days prior to the effective date, they will receive the quote with the ability to bind immediately with a click.
For more information about Corvus products, please visit www.corvusinsurance.com.
About Corvus Insurance
Corvus Insurance, a wholly owned subsidiary of The Travelers Companies, Inc., is building a safer world through insurance products that help to reduce cyber risk for policyholders. Corvus Insurance’s Smart Cyber Insurance® and Smart Tech E&O® products include broad coverage, in-house claims handling, and risk prevention services that help prevent cyberattacks through threat alerts for policyholders and the partnership of our in-house cybersecurity experts.
Corvus Insurance offers insurance products in the U.S., Middle East, Europe, Canada, and Australia. Corvus Insurance is the marketing name used to refer to Corvus Insurance Agency, LLC; and Corvus Agency Limited. All entities are subsidiaries of Corvus Insurance Holdings, LLC. For more information, visit corvusinsurance.com.
Media:
Kerry Pillion, 908.447.1708
