Corvus Insurance has announced that it has launched a “first of its kind” endorsement to help make policyholders safer through proactive engagement with Corvus Signal™, a cyber risk prevention solution that is set to reduce the frequency and costs of cyber breaches by up to 20%.
According to the announcement, 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™.
John Loftus, Co-Cyber Product Leader at Alliant Insurance, commented: “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.
“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 suggests that by engaging with Corvus Signal™ policyholders will not only save money, but they will also receive immediate recommendations on how to prioritize and implement security controls.
365 days a year, Corvus continuously monitors for emerging threats and is able to use policyholder-supplied information to drive tailored alerting capabilities.
Lauren Winchester, Global Head of Risk Advisory at Corvus Insurance, added: “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.
“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.”