Corvus Insurance is a leading provider of commercial insurance products built on advanced data science, with an AI-driven approach to empowering brokers and policyholders to better predict and prevent loss.
Corvus empowers brokers to predict and prevent complex risks. The company offers Smart Commercial Insurance policies paired with data-driven risk management tools.
Corvus Insurance waas founded in 2017 by Phil Edmundson. The company is headquartered in Boston, Massachusetts.
Corvus offers Smart Commercial Insurance® products designed to address the massive global challenge posed by the $5.2 trillion in enterprise value that is estimated to be at risk from cyberattacks over the next five years1 and is the only company that has embedded cyber coverage up and down the property and casualty spectrum to deal with pervasive "Silent Cyber" risk.
Corvus supplies proprietary Dynamic Loss Prevention® reports to inform policyholders of critical risk areas and provide actionable security recommendations. Smart Cargo Insurance™ uses data from temperature sensors to predict and prevent spoilage claims for food and life sciences accounts to provide better pricing, enhanced coverage and tools for proactive risk management.
Corvus is backed by Bain Capital Ventures, Hudson Structured Capital Management, Obvious Ventures, .406 Ventures, Telstra Ventures and others. The company raised $32M in a Series B financing on Jan 09, 2020. This new round brings Corvus' total funding to $46M to date.