CoverWallet launches dedicated solution for agents

CoverWallet, which develops insurance software, has launched a new dedicated platform for insurance agents.

The new service will deliver agents a fast, simple and efficient way to offer commercial insurance to enterprises, with a single point of entry to top carriers and a variety of policies.

Features of CoverWallet for Agents include instant quotes, online bindable policies, and real-time proof of coverage. Alongside this, it also uses data and analytics to help agent receive quotes from top carriers.

Protection available include general liability, business owner’s policy, workers compensation, and professional liability.

Through the platform brokers can offer an integrated checkout which accepts multiple payment methods, automated risk analysis to monitor how much coverage will cost and the typical policies other businesses buy, and predictive analytics to make policy recommendations.

CoverWallet vice president Aman Khaira said, “We were able to launch CoverWallet for Agents re-using the advanced technology that we built from the ground up for our small business platform.

“Agents are an integral part of small business insurance, and we are making it easy for them to leverage technology without needing to build their own complex integrations or to have direct relationships or appointments with carriers.”

In conjunction with the launch of the new solution, Michael Konialian has been promoted to vice president and general manager of CoverWallet for Agents.

Earlier in the year, CoverWallet closed an undisclosed investment from Zurich Insurance Group, in return for a minority stake in the company.

Copyright © 2018 FinTech Global

Enjoying the stories?

Subscribe to our weekly InsurTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.