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

“We’re excited to boost 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 revolutionary options that allow brokers to concentrate on serving to clients and rising their enterprise.”

Brokers whose accounts qualify for the application-free renewal course of shall be notified 90 days previous to the renewal efficient date, in keeping with Corvus’ launch. They may even obtain a quote 45 days previous to the renewal, with the choice to bind instantly by means of a single click on.

Based in 2017, Corvus Insurance coverage is a managing common underwriter (MGU) working within the US, UK and Germany. It describes itself as being “powered by a proprietary AI-driven cyber danger platform” and affords specialised merchandise reminiscent of Good Cyber Insurance coverage and Good Tech E+O.

“We have now solid a powerful strategic partnership with the gifted workforce 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 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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