iCover Company Research Report
Company Overview
Name:
iCover
Mission of the Company:
To enable insurers to sell, underwrite, and issue life insurance in 5 minutes, at a fraction of the typical cost.
Founded:
2020
Founders:
- Hari Srinivasan - Founder & CEO
- Nicole Mwesigwa - Co-Founder & COO
Key People:
- Craig Simms - Advisor
- Hari Srinivasan - Founder & CEO
- Kesan Parasuraman - Advisor / Investor
- Nicole Mwesigwa - Co-Founder & COO
- Vijaya Lakshmi Narayan S - CTO
- James J. Sorebo - Chief Distribution Officer
Headquarters:
iCover | 15510 Olive Blvd, Suite #205, Chesterfield, MO 63017
Number of Employees:
11-50 employees
Revenue:
No information is available.
Known For:
iCover is known for its digital service that enables insurers to sell, underwrite, and issue life insurance quickly at a reduced cost.
Products
Overview:
iCover offers a cloud-based service for life insurance underwriting and sales, leveraging AI and machine learning.
Product Description:
- iCover Platform: A cloud-based service enabling quick launch, minimal setup, and affordable pricing. It features sophisticated underwriting algorithms and data analytics.
Key Features:
- 5 Minute App-to-Issue: Digital buying experience that increases sales conversions and agent adoption.
- Quick Launch: Deployment in 12 weeks using low-code/no-code options.
- Affordable Pricing: Low setup fee combined with monthly SaaS and application click-fees.
- Enhanced Underwriting: Scoring algorithms aligned with guidelines and risk appetite.
- Scoring Details:
- 20 Risk Classes
- 763 Scored Conditions
- 54 Scoring Groups
- 8+ Comorbid Factors
Recent Developments
New Products Launched:
- iCover Direct: A new direct-to-consumer venture.
New Features Added:
No information is available.
Partnerships:
- Collaboration with SCOR and participation in webinars and reports focusing on behavioral science.
News & Updates:
1. Talent Transformation Workshop: Feature on HR.com where Founder Hari Srinivasan shared insights on building high-performing teams.
2. Innovation in Life Insurance:
- Entrepreneurs Break Article: Featuring COO Nicole Mwesigwa's journey and passion in making life insurance accessible.
- Insurance Thought Leadership: Article by Nicole Mwesigwa on how algorithms are transforming life insurance offers.
3. Media Features:
- Seekers Time: Highlighted iCover's approach to revolutionizing life insurance.
- SF Weekly: Article on work-life balance and C-Suite challenges faced by women.
- Noobpreneur: Insights by Founder Hari Srinivasan on market needs and value creation.
Contact Information
- Phone:
- +1 314-255-3861
- +1 314-570-4366
- Email:
- hari@icoverinsure.com
- nicole@icoverinsure.com
- Address:
- iCover | 15510 Olive, Suite #205, Chesterfield, MO 63017
This report is based on the available data and strictly follows the outline requested. Any missing information is denoted as "No information is available."
