Corvus Insurance coverage rolls out enhanced coverage renewal course of

Corvus Insurance coverage has unveiled an up to date coverage renewal course of geared toward enhancing effectivity and comfort for brokers.

This enhanced course of consists of an application-free, click-and-bind renewal choice for sure accounts, the corporate stated in a launch, which might eradicate the necessity to reply repetitive utility questions.

“We’re excited to boost the expertise for brokers by streamlining a renewal course of that may historically be gradual and tedious,” stated Mike Karbassi, Corvus’ chief underwriting officer. “That is one other instance of how we’re offering modern options that allow brokers to concentrate on serving to clients and rising their enterprise.”

Brokers whose accounts qualify for the application-free renewal course of will likely be notified 90 days previous to the renewal efficient date, based on Corvus’ launch. They may even obtain a quote 45 days previous to the renewal, with the choice to bind instantly by means of a single click on.

Based in 2017, Corvus Insurance coverage is a managing basic underwriter (MGU) working within the US, UK and Germany. It describes itself as being “powered by a proprietary AI-driven cyber threat platform” and gives specialised merchandise resembling Good Cyber Insurance coverage and Good Tech E+O.

“We have now solid a powerful strategic partnership with the gifted group at Corvus over the previous yr, and we’re happy to formally welcome them to the Vacationers household,” Alan Schnitzer, Vacationers chair and chief government, stated in a press release concerning the acquisition.

“With a confirmed platform and deep cyber underwriting and threat administration experience, Corvus brings to Vacationers necessary cyber capabilities.”

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