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Covergo | Insurtech

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Company Research Report: CoverGo Limited



Company Overview



Name: CoverGo Limited

Mission of the Company: To empower all insurance companies to make insurance 100% digital and accessible to everyone.

Founded: February 2017 by Tomas Holub

Key People:
  • Tomas Holub - Chief Executive Officer & Founder

  • Peter Tam - Deputy Chief Executive Officer

  • Ahmad Mosa - Chief Information Officer

  • John Valustik - VP of Product & Technology

  • Adrit Raha - Managing Director, APAC

  • George Majdalani - Regional Director, EMEA

  • Ricardo Casares - Regional Director, Americas

  • Jay Jung - Director of Client Services, APAC

  • Alex Montgomery - Head of Product, Health

  • Kate Chekirda - Head of Finance

  • Kiran Motwani - Head of Talent


Headquarters: No definitive information on the exact location of the headquarters. Offices are located in Silicon Valley, New York, Dubai, Singapore & Hong Kong.

Number of Employees: No information is available

Revenue: No information is available

Known for: CoverGo is known for its platform that enables insurance companies to transform digitally through a modular, no-code core insurance platform for Health, Life, and P&C (Property and Casualty) insurance.

Products



Product Lines: Health, Life, and P&C insurance

CoverGo for Health



High-level Description:
  • End-to-end core insurance platform for individual and group health.

  • Enables seamless collaboration between stakeholders, increases efficiency, reduces operational costs, and delivers a world-class customer experience.


Key Features:
  • Providers and Agreements: Manage healthcare providers and negotiated agreements.

  • Claims Processing: Data-driven and automated claims management.

  • Reporting: Flexible reporting capabilities.

  • Distribution Enabler: APIs and data models for digital omni-channel distribution.

  • Product Configuration: Patented no-code product builder.

  • Proposal Management: Improve the quality and efficiency of proposals and sales.

  • Policy Administration: Configurable full-fledged policy administration system.

  • Member Portal: White-label portal for members to see policies and submit claims.

  • Employer Portal: For employers to manage company policies, member movement, etc.

  • Provider Portal: For health providers to check member policies, submit claims, etc.

  • Brokers & Agents Portal: For brokers and agents to sell and service policies.

  • Open API Gateway: Integrations with legacy and third-party systems.


CoverGo for Life



High-level Description:
  • No-code core life insurance platform for building, launching, and distributing life insurance products.

  • Comprehensive features for policy admin and claims management.


Key Features:
  • Similar modules and features as CoverGo for Health with specific tailoring for life insurance products.


CoverGo for P&C



High-level Description:
  • No-code core P&C insurance platform that supports end-to-end processes for personal or commercial property and casualty insurance products.


Key Features:
  • Similar modules and features as CoverGo for Health with specific tailoring for P&C insurance products.


Recent Developments



New Products Launched:
  • CoverGo Distribution: A next-gen, AI-powered insurance platform aimed at enhancing omni-channel distribution for insurers, MGAs, brokers, etc.


Key Features of CoverGo Distribution:
  • AI-enabled workflows and automation.

  • Patented no-code configuration capabilities.

  • Integration middleware APIs.

  • Modern user experience journeys.

  • Ability to handle life, health, and P&C products across multiple channels.


New Partnerships:
  • Bupa: Bupa has adopted CoverGo as its new health insurance system to enhance customer onboarding, launch customized products quickly, and improve overall user experience.

  • GMS: Group Medical Services (Canada) adopts CoverGo to digitize its entire health insurance ecosystem.


Recent Accolades:
  • Patent Awarded: CoverGo obtained a patent for its drag-and-drop product builder.

  • ISO 27001 Certification: Achieved ISO 27001 certification for information security, protection of client data, and operational excellence.


Other Developments:
  • Expansion presence in the Middle East with strategic investment from Noria Capital.

  • Collaborative efforts with multiple insurance companies such as AXA, MSIG, and other major insurers across Asia, EMEA, and the Americas.


This concludes the detailed Market Research Report about CoverGo Limited focusing on the specified points.