Corvus Insurance is a leading provider of commercial insurance products built on advanced data science, with an AI-driven approach to empowering brokers and policyholders to better predict and prevent loss. With each Smart Commercial Insurance policy, Corvus supplies proprietary Dynamic Loss Prevention reports to inform policyholders of critical risk areas and provide actionable security recommendations. Founded in 2017, Corvus is comprised of a team of veteran entrepreneurs from the insurance and technology industries.
A tech startup team with insurance DNA. Their team has decades of experience in commercial insurance and decades more building and growing technology-enabled companies. They’re underwriters, data scientists, product builders, and engineers united by a mission: to make the world a safer place by helping organizations mitigate or eliminate the impact of adverse events. They’re inspired by the intelligent, tool-building corvid family of birds that gives them their name.
The Corvus team has a set of values that guide their company culture. They strive to understand the root issues faced by their customers and team. they challenge the status quo by questioning existing practices, thinking differently, and trying new things. They communicate transparently and honestly. They empower everyone – at all levels of the business. They do the right thing, acting with integrity to foster trust. And they are proud of insurance — because taking pride in a force for good needs no apology.
Why Corvus Insurance?
- Ease of Use: Their platform was built on direct feedback and advice from brokers who use it. They’ve honed the experience to be easy for brokers and their clients to work with.
- Adaptability: Commercial Insurance is famously stuck in its ways. They continually adapt their products with findings from their Data Science team so that the product keeps pace with the changing cyber risk landscape.
- Speed: By reducing the amount of work that goes into submitting and binding business, the Smart Commercial Insurance process is significantly faster than a traditional insurer.
- Transparency: With instant access through their platform, brokers see all the documents and risk management information about their clients at any time.
At Corvus, they build Smart Commercial Insurance Products: policies built on data-driven underwriting. They constantly make their products smarter by applying findings from new sources of data analyzed with machine learning and AI techniques. They deliver novel insights to their broker partners, helping to make them smarter about complex risks their clients face. And They’re transforming an industry that lacks transparency by informing the insurance buyer, helping them to be smarter about practices to mitigate risk and prevent loss.
Corvus’s mission is a simple one: to make the world a safer place. This isn’t just a high-flown idea — Corvus is actively helping their policyholders to predict and prevent adverse events, as well as supplying the coverage that helps them withstand events when they do happen. In addition to helping their policyholders, Corvids are given the support they need to help make their worlds — big and small — safer, through some Corvus-led initiatives.