Corvus Insurance Named “MGA of the Year” by Insurance Insider

Award recognizes Corvus’s industry-leading underwriting performance in 2023  

Boston, MA — September 12, 2023 — Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, was named “MGA of the Year” at the 12th annual Insurance Insider Honours, the most important and widely recognized benchmark for insurance excellence, last week in London.

With a panel of judges that have unparalleled experience in the industry, Insurance Insider Honours seeks out and recognizes those that excel in each of 19 carefully chosen categories. The “MGA of the Year” category recognizes the MGA that has provided outstanding underwriting service to the global P&C (re)insurance market in the past year.

Corvus was selected as “MGA of the Year” for demonstrating excellent underwriting performance, coupled with an ability to bring profitable business opportunities to its carrier backers that they would not otherwise have seen. Corvus was also shortlisted in the “Underwriting Innovation of the Year” category for Corvus Risk Navigator™, an intelligent underwriting platform, built by underwriters, designed to accelerate quoting and extend insurability to more businesses. 

“As a company that prides itself on hiring the best minds in cyber, we’re thrilled to be recognized for our excellence in cyber underwriting by one of the top news organizations in the market,” said Corvus CEO Madhu Tadikonda. “The strength of Corvus’s cyber underwriters and the team’s sharp focus on delivering strong underwriting results propelled us to grow cyber premiums by 80% in 2022 while maintaining a leading loss ratio of 36 percent.” 

Corvus is shortlisted in both the “MGA/MGU of the Year” and “Underwriting Innovation of the Year” categories for the Inside P&C Honors which will be announced at an awards gala in New York on September 27, 2023.