Cyber underwriter Corvus Insurance announced the launch of a new program with Core Specialty to support the expansion of its excess tech E&O and cyber product with additional capacity.

This is Core Specialty’s first offering in the cyber and tech E&O market and also marks the latest example of Corvus’s strategy of building out its key lines of business.

This program provides up to $5 million in coverage for companies with revenues up to $500 million. It will be written on Core Specialty’s paper and will include tech E&O coverage, as well as a full suite of cyber coverages on an excess basis. The program is supported by a panel of reinsurers as well as risk taken through Corvus’s captive, Corvus Reinsurance Company. Corvus’s in-house team will have full management of the policies from underwriting to claims handling.

This latest announcement follows Corvus’s recent launch of Corvus Risk Navigator, which aims to enable underwriters to provide predictive, data-driven insights, risk selection and accelerated decision-making, and IT security recommendations. Brokers can leverage Corvus’s policyholder benefits, such as risk management tools and personalized vulnerability alerting on both primary and excess tech E&O placements.

***

InsurTech bolt announced a partnership with Choice Home Warranty, a home warranty service contract provider.

The partnership brings holistic household coverage to bolt’s insurance exchange by integrating access to Choice’s home warranty service contracts that protect consumers from expenses caused by the failure of major appliance and home systems.

The partnership combines Choice’s home warranty service contract with bolt’s smartphone protection. For homeowners seeking to protect items not covered under a home insurance policy like appliances, HVAC systems, plumbing, and electrical systems, the bundles offer protection at the point of need, including smartphone coverage and coverage on their home systems. Agents have access to bolt’s integrated digital sales journey in which real-time product recommendations are made based on their customers’ unique needs.

bolt intends to find new ways to accelerate innovation and expand coverage opportunities for customers, particularly in the home and specialized personal lines space, simultaneously enabling partners like Choice to expand their reach, according to a company press release.

***

Goosehead Insurance Inc., an independent personal lines insurance agency, and Vivint Smart Home, a smart home company in the U.S., announced a strategic partnership.

The collaboration aims to simplify the process of protecting and securing homes for consumers and help them to reduce claims and losses. Through the partnership, Goosehead Insurance and Vivint will collaborate to develop new services and offerings that leverage the latest advancements in smart home technology and insurance services. As part of the partnership, Goosehead entered into a letter of intent to acquire Vivint Insurance Agency’s current book of business and provide service and support for Vivint’s insurance clients as Vivint shifts its insurance strategy to a partnership model.

Vivint customers looking for home insurance solutions will now have access to shop for and buy personal lines of insurance with the guidance of Goosehead’s agents and its Digital Agent Platform, a quoting platform powered by integrated technology that provides consumers with a way to find home insurance coverage. Goosehead clients with Vivint systems will also be able to take advantage of additional homeowners insurance discounts and have access to exclusive offers from Vivint.

The partnership between Vivint Smart Home and Goosehead Insurance is set to launch in May and will be available to homeowners across the U.S.

Sources: Corvus Insurance, bolt, Goosehead Insurance