Corvus Insurance coverage rolls out enhanced coverage renewal course of

Corvus Insurance coverage has unveiled an up to date coverage renewal course of aimed 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 get rid of the necessity to reply repetitive software questions.

“We’re excited to reinforce 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 prospects and rising their enterprise.”

Brokers whose accounts qualify for the application-free renewal course of can be notified 90 days previous to the renewal efficient date, in line with Corvus’ launch. They can even obtain a quote 45 days previous to the renewal, with the choice to bind instantly by way 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 danger platform” and presents specialised merchandise reminiscent of Sensible Cyber Insurance coverage and Sensible Tech E+O.

“We’ve solid a robust strategic partnership with the proficient crew at Corvus over the previous 12 months, and we’re happy to formally welcome them to the Vacationers household,” Alan Schnitzer, Vacationers chair and chief govt, stated in a press release in regards to the acquisition.

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

What are your ideas on this story? Be at liberty to share your feedback under.