Corvus Insurance announced it has doubled the aggregate limits available under its Smart Cyber product to $10 million, as well as expanded its appetite for potential insureds to companies with up to $5 billion in annual revenue.
Tag: Corvus
Q1 2024 Sets Record for Most Ransomware Attacks in a First Quarter: Corvus
As per a new report from Corvus Insurance, Q1 2024 has set a record for the most global ransomware attacks in a first quarter.
Travelers to Acquire Corvus Insurance for $435M
The Travelers Companies, Inc. today announced that it has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million. Founded in 2017, Corvus is an industry-leading cyber insurance managing general underwriter powered by proprietary technology.
Top Main Drivers of Cyber Loss Are FFT & Ransomware: Corvus
It’s expected that ransomware and FFT (Fraudulent Funds Transfer) are to remain the top drivers of cyber loss.
Many Businesses Go without Cyber Insurance
According to new data published by the data privacy agent Incogni, a digital miscreant steals or copies data from at least 30 accounts every second of the day. Cybercriminals stole data from more than 2 billion online accounts in the last two years. Given this situation, one would think that cybersecurity insurance would be on… Continue reading Many Businesses Go without Cyber Insurance
Small Businesses Worry About Meeting Ransomware Demands, Survey Says
A recent survey shows businesses are increasingly concerned about their ability to meet ransomware demands, with many hoping for government assistance in the case of state-sponsored cyber attacks. According to the BlackBerry cyber insurance coverage study, only 19 percent of businesses surveyed have ransomware coverage limits greater than $600,000, while 59 percent hoped the government… Continue reading Small Businesses Worry About Meeting Ransomware Demands, Survey Says
AI-Driven InsurTech Corvus Announces Launch of Smart Cyber Excess Insurance with $10M Limit
Boston-based InsurTech company Corvus Insurance announces the expansion of its underwriting appetite for its Smart Cyber Insurance product lines. The company developed the product in response to demand from its brokers to offer an Excess Cyber Insurance policy in order to participate on the coverage towers of larger companies. Under its new underwriting mandate from… Continue reading AI-Driven InsurTech Corvus Announces Launch of Smart Cyber Excess Insurance with $10M Limit