Company Research Report: Covered Insurance Solutions

Company Overview

• Name: Covered Insurance Solutions

• Mission: Delivering insurance the way it should be — easy, transparent, and personal.

• Founded by: Ross and Chris Diedrich

• Key People:

• Ross Diedrich, Chief Executive Officer, Co-Founder

• Chris Diedrich, Chief Administrative Officer, Co-Founder

• Dan Huynn, Chief Revenue Officer

• Stephen Tammaro, Chief Financial Officer

• Paul Hemann, Chief Financial Officer (as of May 6, 2022)

• Ellen Stanley, Chief Human Resources Officer (as of January 4, 2021)

• Felecia Kinney, Vice President of Insurance Operations (as of September 14, 2020)

• Headquarters: 1391 Speer Blvd, Suite 850, Denver, Colorado 80204

• Number of Employees: No information available

• Revenue: No information available

• Known for: Covered is known for its intuitive embedded insurance marketplace, offering competitive rates and partnering with top national and regional insurance carriers.

Products

Insurance Categories Offered

• Home

• Auto

• Renters

• Condo

• Flood

• Umbrella

• Motorcycle

• Boat

• Life

• RV

• Pet

High-Level Description of the Product

Covered provides a seamless, tech-enabled insurance marketplace that allows customers to quickly shop, compare, and purchase personalized insurance policies across multiple product categories. The platform integrates easily into existing platforms, enabling businesses to offer insurance solutions directly within their workflows.

Key Features of Each Product

• Home Insurance: Competitive rates, proactive monitoring for coverage and pricing, and automated renewals.

• Auto Insurance: Option to compare quotes from multiple carriers, seamless integration into workflows.

• Renters Insurance: Affordable policies with various coverage options for personal belongings and liability.

• Condo Insurance: Customizable coverage to protect condominium units.

• Flood Insurance: Instant quotes from partners like Neptune Flood integrated into the marketplace.

• Umbrella Insurance: Extra liability coverage over and above the basic limits of other policies.

• Motorcycle Insurance: Multiple quotes for personalized motorcycle insurance needs.

• Boat Insurance: Coverage options for various types of boats and marine activities.

• Life Insurance: Policies designed to provide financial protection and peace of mind.

• RV Insurance: Coverage options for recreational vehicles.

• Pet Insurance: Healthcare coverage for pets.

Recent Developments

Integrations and Partnerships

• October 25, 2023: CEO Ross Diedrich honored with HousingWire's prestigious Vanguard Award.

• June 29, 2023: Integration with Cox Automotive's Dealer.com to provide instant auto insurance quotes.

• January 11, 2023: Added instant flood insurance quotes from Neptune Flood to its marketplace.

• January 9, 2023: Announced integration with Househappy’s digital platform for instant homeowner insurance options.

• November 17, 2022: Partnered with McGriff and Truist to make personal insurance digital marketplace available.

• August 9, 2022: Integration with Q2’s digital banking platform to supply streamlined insurance solutions.

New Product Launches and Features

• May 19, 2022: McGriff launched a new digital marketplace for personal insurance.

• May 17, 2022: Covered Insurance partnered with Roostify to streamline the homeowner's insurance process.

• March 9, 2022: Launched a new white-label experience to offer insurance in as little as ten minutes.

Awards and Recognitions

• 2019-2024: Recognized multiple times by HousingWire, Inc Magazine, and Built In Colorado for innovation and leadership within the insurance tech space.

• 2021: Senior Software Engineer Team Lead, Rob Hajek received Built In Colorado’s Vanguard Award.

This report synthesizes all available data on Covered Insurance Solutions into a detailed, structured overview to provide a clear understanding of its market presence, product offerings, and recent developments.