Now In Flight: Smart Cyber Excess InsuranceTM
This product was created in response to demand from our brokers for excess capacity in cyber and brings increased underwriting appetite for our Smart Cyber Insurance® product lines.
Reimagining Smart Commercial Cyber Insurance
Today I’m thrilled to announce the latest product to take flight from the Corvus nest: Smart Cyber Excess Insurance. This product was created in response to demand from our brokers for excess capacity in cyber and brings increased underwriting appetite for our Smart Cyber InsuranceTM product lines.
Under a new underwriting mandate from Hudson Insurance, our risk-taking partner, Corvus now underwrites Excess Cyber Insurance for most types of organizations with up to $1 billion in annual revenues in addition to its primary offering. We now write Smart Cyber Excess Insurance policies with up to $10 million in aggregate limits.
What policy features are included in Corvus Smart Cyber Excess Insurance?
Just like all of our Smart Cyber Insurance policies, Smart Cyber Excess underwriting will be driven by the Corvus ScoreTM and will include Dynamic Loss PreventionTM (DLP) reports. Corvus Scores are based on an assessment of any enterprise’s IT footprint, including their vendors and partners, across eight critical security criteria. This provides holistic visibility into your client’s security programs to better inform underwriting. The Corvus Score also drives a customized DLP Report that includes recommendations and business intelligence you can use to inform your clients about their cyber risk and help them to reduce the total cost of risk.
As a broker, we know you’re always working to provide the best options for your clients, and we couldn’t be more excited that Corvus will now be among your options for Excess Cyber.
If you’d like to learn more about our Smart Cyber Excess Insurance, please contact the Corvus Team here.
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
