Corvus Insurance the industry’s leading cyber underwriter that is backed by a proprietary artificial intelligence-driven cyber risk platform, launched a first-of-its-kind endorsement to help make policyholders safer through proactive engagement with Corvus SignalTM, the cyber risk prevention solution that has been shown to reduce the frequency and costs of cyber breaches by up to 20 percent.
Policyholders who make use of the protection tools made available by Corvus SignalTM are eligible for a reduction of their self-insured claim retention by 25% thanks to an endorsement made available by Corvus SignalTM. This reduction is subject to a maximum limit that is determined by the programme. Policyholders that work with Corvus SignalTM not only save money in the event that they need to file a claim, but they also get instant guidance on how to prioritise and put into practise security procedures.
Corvus is able to exploit the information given by policyholders in order to create customised alerting capabilities, and it watches for new emerging hazards around the clock, 365 days a year. The insurance provider offers its clients access to the tools and resources they need to strengthen their overall security posture.
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“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.”
“Corvus is the trusted, long-term cyber risk partner for our policyholders. We are constantly monitoring emerging threats and using the signals and data we have to recommend actionable measures to prevent cyber attacks,” said Lauren Winchester, Global Head of Risk Advisory. “This endorsement incentivizes meaningful engagement with Corvus, which in return allows for more tailored guidance and alerting, maximizing the ROI on current and future security investments.”
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