Corvus Insurance, a leading cyber underwriter driven by a proprietary AI-driven cyber risk platform, has introduced a newly expanded Tech E+O product which aims to meet the evolving needs of the market.
The Smart Tech E+O® from Corvus is designed to offer creative risk solutions specifically tailored for technology companies, regardless of their size or complexity. This product encompasses primary and excess policies, providing comprehensive coverage to address various cyber risks.
The product also features an enhanced appetite backed by Travelers, and Corvus’ best-in-class underwriting team, risk advisory services, and claims handling.
The company’s expert underwriting team collaborates closely with brokers to place coverage for a wide range of technology and professional services risks, catering to businesses with up to $2bn in annual revenue.
The enhanced Tech E+O product provides brokers with a consistent and reliable underwriting partner, offering creative solutions for diverse accounts amidst the fluctuating Tech/Cyber Risk marketplace.
Corvus specialises in offering tailored insurance solutions, particularly in the realm of cyber risk. With a focus on leveraging advanced technology and a dedicated team of underwriters, Corvus provides robust coverage to a diverse spectrum of businesses.
Mike Karbassi, Chief Underwriting Officer at Corvus, commented, “With an increased appetite, Corvus’s expert underwriting team can leverage the full extent of their skills and experience to reliably find solutions for not only the SME segment, but for larger and more complex clientele as well. Additionally, every Smart Tech E+O® policyholder gets added value throughout the policy term thanks to Corvus Signal™ risk prevention services and the peace of mind of a fully in-house claims team with decades of collective experience handling cyber.”
Ryan Apgar, EVP at RT Specialty, said, “Brokers servicing a broad and complex range of tech and professional services clients can lose efficiency and confidence in navigating the inconsistency of appetite across carriers – especially amidst the constantly fluctuating and volatile Tech / Cyber Risk marketplace. With the expanded Tech E+O product from Corvus, we know that we’re getting a consistent and reliable underwriting partner, with the ability to find creative solutions for a wide range of accounts, and a consistent appetite to help our policyholders navigate more complex risks.”
Copyright © 2024 InsurTech Analyst
