BOSTON, Mass., – Corvus, a Boston-based InsurTech company, announces the expansion of its operations with the establishment of its West Coast office in the Los Angeles area. With growing demand for its Smart Cyber™ and Smart Cargo™ Insurance products, Corvus is building its underwriting capabilities and distribution reach after raising $10 million in Series A funding in Q4 2018.
Joining the leadership team at Corvus is Brian Alva, formerly Vice President at NAS Insurance. Brian has close to a decade of experience building innovative insurance products, including Cyber, and in bringing those products to market. Joining Brian is Amanda Mirabile, she joins Corvus from RPS where she serviced brokers throughout the California and the southwest.
“Corvus is bringing data analytics to brokers that help them to bring new value to their clients. Our broker-enabling Dynamic Loss Prevention reports help brokers to better manage risk for their clients” said Philip Edmundson, CEO of Corvus and former CEO of a major retail insurance brokerage firm. “Corvus helps brokers and their policyholders to better manage cyber risk through our Corvus Score and through actionable recommendations. We are excited to be able to offer this to more organizations than ever."
Corvus Insurance is a broker-friendly InsurTech MGA offering Smart Commercial Insurance™ policies and innovative technology that utilizes new forms of data to predict and prevent claims, creating value for the policyholder, broker, and underwriter. Their Smart Cargo Insurance™ tools analyze data from temperature sensors that are already used in the shipments of goods that are subject to spoilage. This allows Corvus to “score” the temperature stability for each individual manufacturer/shipper of goods.
Corvus’ Smart Cyber Insurance™ utilizes data to assess the performance of any enterprise and their IT vendors and partners across 50+ critical security criteria, providing holistic visibility into their security programs. Corvus uses the data as a foundation to produce its Corvus Score.
Corvus Scores are used to better inform underwriting, and to provide commercial insurance brokers and buyers with Dynamic Loss Prevention™ recommendations and business intelligence. These recommendations help brokers reduce the total cost of risk for their clients. in addition, Corvus’ online platform, the CrowBar™, provides brokers and policyholders on-demand access to policy information, claims reporting, loss prevention recommendations, and business intelligence.
Smart Cyber™ Insurance policies are distributed by Corvus on a Managing General Agency basis with its partner, Hudson Insurance Group. Smart Cargo™ Insurance policies are distributed by Corvus on a Managing General Agency basis with its partner, Argo Insurance Group. Policies are distributed through major insurance brokerage firms across the United States.
Corvus, founded in 2017, is headquartered in Boston, Massachusetts.
About Corvus Insurance Holdings, Inc.
Corvus Insurance Holdings, Inc., founded in 2017, is headquartered in Boston, Massachusetts. Corvus is funded by Bain Capital Ventures and other investors.
Learn more on their website, www.corvusinsurance.com.
Gerritt Graham, Chief Commercial Officer