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Corvus Insurance coverage rolls out enhanced coverage renewal course of

Corvus Insurance coverage rolls out enhanced coverage renewal course of | Insurance coverage Enterprise America

It features a streamlined, one-click possibility

Corvus Insurance rolls out enhanced policy renewal process

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 contains an application-free, click-and-bind renewal possibility for sure accounts, the corporate stated in a launch, which might get rid of the necessity to reply repetitive utility questions.

“We’re excited to reinforce the expertise for brokers by streamlining a renewal course of that may historically be sluggish 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 deal with serving to prospects and rising their enterprise.”

Brokers whose accounts qualify for the application-free renewal course of might 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 via 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 provides specialised merchandise similar to Good Cyber Insurance coverage and Good Tech E+O.

“We’ve got cast a powerful strategic partnership with the proficient staff 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 an announcement concerning the acquisition.

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

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