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Corvus Insurance coverage has unveiled an up to date coverage renewal course of aimed 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 mentioned in a launch, which might remove 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,” mentioned Mike Karbassi, Corvus’ chief underwriting officer. “That is one other instance of how we’re offering modern options that allow brokers to deal with serving to clients and rising their enterprise.”

Brokers whose accounts qualify for the application-free renewal course of might be notified 90 days previous to the renewal efficient date, in response to 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 threat platform” and provides specialised merchandise akin to Good Cyber Insurance coverage and Good Tech E+O.

“We have now cast a powerful strategic partnership with the proficient staff 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 govt, mentioned in a press release in regards to the acquisition.

“With a confirmed platform and deep cyber underwriting and threat administration experience, Corvus brings to Vacationers necessary cyber capabilities.”

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