Corvus Insurance offers AI-driven cyber insurance solutions that utilize real-time data and threat intelligence to provide tailored coverage and continuous risk monitoring for businesses. Their platform enables brokers and policyholders to effectively manage cyber risks, ensuring rapid incident response and minimizing financial losses from cyber incidents.
Funding
$262.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
ATFVFounders
Product
Problem
Businesses face increasing cyber threats, including ransomware, malware, and data breaches, which can lead to significant financial losses, reputational damage, and operational disruptions. Traditional cyber insurance often lacks the real-time insights and proactive risk management needed to effectively mitigate these evolving threats.
Solution
Corvus Insurance, a subsidiary of Travelers, provides AI-driven cyber insurance solutions designed to help businesses manage and mitigate cyber risks. Their Smart Cyber Insurance® and Smart Tech E+O® policies offer tailored coverage, continuous threat monitoring, and rapid incident response. By leveraging real-time data and industry-leading threat intelligence, Corvus enables brokers and policyholders to make informed decisions, reduce their cyber risk exposure, and minimize financial losses. Their platform includes a Cyber Risk Dashboard that provides real-time visibility into security posture, emerging threats, and personalized security recommendations.
Target Audience
Corvus primarily serves businesses across various industries, including healthcare, financial institutions, manufacturing, construction, retail, education, and professional services, as well as technology-based service companies. Their solutions are targeted towards brokers seeking to provide comprehensive cyber insurance coverage to their clients.
Features
- Data-driven cyber insurance quotes using real-time, AI-driven data and threat intelligence
- Continuous threat monitoring to identify emerging threats and vulnerabilities
- Personalized alerts tailored to specific business risks, delivered weeks before potential exploits
- Cyber Risk Dashboard providing real-time visibility into security posture and cyber hygiene
- Access to on-demand risk advisors for expert guidance on threat mitigation and security optimization
- 24/7 incident response and claims support with a dedicated cyber claims hotline
- Collaborative underwriting process to tailor coverage and find solutions for complex risks
- Simplified cyber renewal process with no application required for most accounts