How does Corvus by Travelers leverage AI and proprietary data for underwriting cyber insurance policies?
Corvus utilizes real-time, AI-driven data that incorporates millions of data points from past claims, the public web, and the latest cyber threat intelligence. This data, combined with firmographics, industry insights, and peer benchmarking, guides underwriting decisions to provide accurate and customized coverage.
What specific benefits does the Cyber Risk Dashboard offer to policyholders for managing their security posture?
The Cyber Risk Dashboard provides policyholders with real-time visibility into their security posture and cyber hygiene. It includes monthly security scan updates, personalized alerts on emerging threats, specific cybersecurity recommendations, access to policy documents, and a trusted vendor marketplace, all within one intuitive platform.
Can policyholders directly access cybersecurity experts for advice, or is that service primarily for brokers?
Every policy includes unlimited consultations with Travelers' Cyber Risk Services team, making expert guidance directly available to policyholders. This allows businesses to seek insight on new threats or optimize their security spend with tailored advice.
How does Corvus by Travelers differentiate its renewal process for cyber insurance compared to traditional methods?
Corvus streamlines the renewal process significantly. For most accounts, no application is required. For others, a tailored application with only a few questions is provided, aiming to reduce the time brokers spend on renewals and simplify the experience for policyholders.
What kind of incident response support is available to policyholders in the event of a cyber attack?
Policyholders have access to a 24/7 cyber claims hotline, connecting them immediately with a cybersecurity incident response expert. This ensures swift assistance and expert guidance to navigate cyber threats and mission-critical incidents at any time.