Source: PR Newswire
CoverForce’s platform serves as a leading marketplace for quote-and-bind API connections, enabling brokers, wholesalers, and agencies to access instant quotes and one-click binding functionality. The platform integrates with national carriers like AmTrust, Chubb, Liberty Mutual, and Travelers, and covers major commercial lines of business such as Workers’ Compensation, General Liability, Business Owner’s Policies, and Cyber. For carriers and MGAs, CoverForce unlocks new distribution channels and cost efficiencies. For developers, the platform offers flexible APIs to embed insurance workflows into agency-facing software or direct-to-consumer applications.
“The insurance market is built on a legacy of paper and PDF — a huge issue in a market worth more than $960 billion,” said Kaivan Wadia, CTO and co-founder of CoverForce. “CoverForce delivers a unified API infrastructure that decreases the time to integrate from months to weeks, saving our partners millions of dollars in R&D costs.”
“We are thrilled to have Insight Partners on board with our Series A,” said Cyrus Karai, CEO and co-founder of CoverForce. “This funding will help us expand our engineering capabilities and build deeper relationships in the market. In particular, we’re seeking to partner with carriers who are empowering their agents with cutting-edge, digital tools — essentially those who are making an investment in speed as a key element of winning.”
