Corvus Insurance Holdings

Corvus is led by CEO and co-founder Phil Edmundson, who previously founded the insurtech platform Quanterix. The firm's underwriting decisions are driven by its data science team rather than a traditional investments committee, as Corvus does not manage an investment portfolio in the way a family office or asset manager does.

Corvus operates as an MGA, meaning it originates and services policies on behalf of partner carriers that hold the risk. This structure lets Corvus focus on data-driven pricing and loss prevention without taking on the capital burden of a traditional insurer. Its carrier partners include Hiscox and TransRe (per Insurance Journal, 2023).

Corvus writes cyber insurance and property insurance for small to mid-sized commercial businesses. Its policies include proactive risk management features such as vulnerability scanning, IoT monitoring, and incident response support. The firm uses its own algorithmic models to price risk and offer coverage not typically available through standard commercial lines.

Corvus differentiates by using proprietary data analytics to assess risk in real time, rather than relying on historical loss data alone. The firm's platform ingests telematics, social media signals, and IoT data to price individual policies dynamically. This technology-first approach lets Corvus offer more granular pricing and loss prevention services compared to traditional MGAs.

Yes, Corvus has raised approximately $120M in equity funding, with its Series C round in 2023 led by Bain Capital Ventures. Other investors include Acrew Capital, Lightspeed Venture Partners, and Starr Insurance. The funding has been used to expand its engineering team and product offerings.