Corvus Insurance overview

Corvus leverage big data and AI to provide tools and insight for commercial insurance brokers and their clients that help them predict and prevent loss. The main proposition is founded on large, novel sets of data which are used to improve their risk modelling and risk management tools through cutting edge data science and machine learning.

Thanks to partnerships with providers of industry-specific data, Corvus is able to collect information from business-critical management, monitoring, and logistics systems to provide brokers and policyholders insight into the insured operations for troubleshooting, predicting and preventing claims. In the aggregate, this data can be used to offer business intelligence on complex business decisions. The company updated its offering in October 2019, with the underwriting model offering limits up to $1,000,000 to those organisations identified by the Corvus Scan as having taken the most effective steps to reduce the risk of a social engineering attack.

In addition to a conventional Cyber product, Corvus launched a smart Cargo + Cyber product in July 2019, which aims to help clarify cyber coverage for Ocean Cargo Insurance policies.

Corvus expanded its offering in August 2019 with the launch of Smart Tech E&O cover. The new product aids brokers and policy holders in the prediction and prevention of risk through IT security analysis, industry benchmarking and ongoing monitoring.

In January 2020 Corvus Insurance reportedly sold shares worth around $31m in a $32m investment round, according to a US SEC filing.

Corvus raised a $100m Series C in March 2021, valuing the company at $750m.

In April 2021 Corvus partnered with specialty P&C insurer Skyward Specialty to expand the Corvus SmartCargo + Cyber offering, a data-driven cargo policy with comprehensive cyber liability endorsement. The partnership will bring the coverage to new industries and enable the analyses of larger risks.

Headquartered in Boston, Massachusetts, Corvus holds additional offices in New York City, Los Angeles, Dallas, and Atlanta.

Map showing the location of Corvus Insurance

Boston, United States

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Key people

Mike Lloyd VP of Operations
Matt Harris Investor
Vikas Singhal Investor
Liam Donohue Investor
Barrett Heacock Senior Vice President, Finance
Mike Karbassi Chief Underwriting Officer
James McElhiney CTO
Ellen Rubin Board Member
Graham Brooks Board Member
Stacey Richey Vice President, People
Philip Edmundson Founder
Adam Smith Board Observer
Vishal Vasishth Board Observer
Marcus Bartram Board Member
Stephen Tarleton CMO
Deven Parekh Board Observer