Corvus Signal™, a cyber risk prevention solution

Additional Info

CompanyCorvus Insurance
Websitehttps://www.corvusinsurance.com/
Company size (employees)100 to 499
Headquarters RegionNorth America
Type of solutionService

Overview

Corvus Insurance is a leading cyber underwriter powered by a proprietary AI-driven cyber risk platform. The company is unique in that it harnesses specialized expertise in cybersecurity and underwriting. The company is committed to building a safer world through insurance products and digital tools that reduce risk, increase transparency, and improve resilience for policyholders.

Corvus Signal™, a cyber risk prevention solution, is an example of this commitment. The solution brings together brokers, policyholders, and Corvus security experts in partnership to reduce cyber breaches. The solution enables customers to stay ahead of emerging threats.

The solution was built in response to increasing market need and interest in combining cyber insurance with risk management services. Corvus Signal is the only solution in the market that demonstrates such an approach that can bend the loss curve. The Corvus team, in close partnership with insurance brokers, worked for more than three years to provide a proactive and tailored cyber risk prevention solution to thousands of organizations.

Note – software and service

Key Capabilities / Features

Corvus Signal™ provides:


Risk Insights: Always-on threat intelligence and targeted alerts for the enterprise are delivered the same day a new threat is discovered. Through dark web monitoring, Corvus Signal™ helps catch new threats. Threat alerts are personalized, and customers only receive the most relevant alerts, approximately 12% of threats researched. Four out of five of the alerts flagged are are later exploited.


Risk Advisory: Personalized security advice from Corvus experts helps organizations to focus their efforts and investment on relevant security priorities thanks to clear insights on security ROI.


Risk Dashboard: A proprietary platform that gives 24/7 access to scan findings, threat alerts, and self-guided security assessments. Organizations can log in and take immediate action on tailored recommendations and get personalized introductions to Corvus-vetted security and incident response vendors.


As a commitment to the effectiveness of Corvus Signal, Corvus also offers a one-of-a-kind endorsement to help make policyholders safer through proactive engagement. The Corvus Signal endorsement reduces the self-insured claim retention on a policy by 25%, subject to a maximum cap based on the program, for policyholders who engage with the security tools available in Corvus Signal.


When policyholders engage with Corvus Signal, they not only save money should they have a claim, but also receive immediate recommendations on how to prioritize and implement security controls. Policyholders receive $86,000 in estimated value in services available at no cost. Corvus continuously monitors for emerging threats, 365 days a year, and is able to use policyholder-supplied information to drive tailored alerting capabilities.


How we are different

Corvus Signal™, the only risk prevention solution to reduce the impact of cyber incidents by 20% through risk insights, advisory services, and on-demand tools, is free for Corvus policyholders. Users of Corvus Signal, have 15.5 days average head start before alerted vulnerabilities are exploited by threat actors and 3x faster patching, with cyber alerts sent the same day as discovery. The Corvus Risk Advisory team relying on the Corvus Signal™ solution recently prevented a policyholder from having to pay a $250k+ ransomware claim.


Through its work with thousands of policyholders, Corvus found that a partnership-based approach combining personalized risk insights and advisory services enabled by an online dashboard curbs cyber risk. Corvus has an in-house team of cybersecurity experts and expansive risk data.


Customers and partners are extremely satisfied. Feedback includes:
“We have significantly reduced our vulnerability footprint since we engaged with Corvus. Corvus’s Risk Dashboard provides a great snapshot of insightful information for securing our network,” said a director of IT at a mid-sized healthcare services company. “Even better, Corvus takes a lot of the pain away in locating vendors who can assist in closing the security gaps, which is critical for growing our network security and security awareness program. Corvus remains relevant to our network security growth and security awareness program.”


“Corvus’s risk prevention solution, Corvus Signal™, is a perfect complement to our goal at Alliant of being a proactive advisor for all of our clients,” said John Loftus, Co-Cyber Product Leader at Alliant Insurance. “The tailored alerts to at-risk clients and continuous threat monitoring provide a new layer to traditional risk transfer that has become essential for organizations looking to stay afloat in the current threat landscape.”


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