In addition to a full set of Smart Cargo Insurance® coverages, Smart Cargo + Cyber provides coverage for Business Interruption and Contingent Business Interruption arising out of Cyber Perils that attack logistics operations and IT Assets of policyholders. Corvus also provides coverage for goods that are stolen or damaged as a result of a Cyber attack that misdirects goods away from the intended recipients. These coverages are specifically crafted to fill a gap in coverage between what is provided by a standalone
"Insurance regulators have been demanding that commercial insurers clarify their position around cyber perils that haunt non-
To underwrite its
Like the company's full Smart Cyber Insurance® products, the new policy will include Dynamic Loss Prevention® reports, with both transparent underwriting and ongoing assessments of an organization's cyber risk exposures. Corvus creates a risk score for each account, analyzing numerous IT security domains in order to both underwrite risk and to provide added value throughout the policy year. Corvus also provides cyber insurance benchmarking and other business intelligence to brokers and policyholders.
ABOUT CORVUS INSURANCE HOLDINGS, INC.
With Corvus's Smart Cyber Insurance® and Smart Cargo + CyberTM policies, rich sets of data are gathered and analyzed with the help of AI to instantly and accurately assess risk, informing underwriting. The company's Dynamic Loss Prevention® Reports provide actionable recommendations to mitigate risk and prevent claims over time, including real-time threat monitoring, while the company's CrowBar® platform provides on-demand access to policy information, claims reporting, loss prevention recommendations, and business intelligence.
Smart Cargo + CyberTM policies are distributed by Corvus on a
Learn more on their website, http://www.corvusinsurance.com.