Coverholder A Digital Magics startup
Coverholder is a fully Digital Managing General Agent, offering a platform with digitised insurance policies to intermediaries.
Coverholder is a brand of Insurtech MGA. The company is redefining distribution and underwriting in the insurance Industry.
Coverholder is a fully Digital Managing General Agent, offering a SaaS platform with digitised insurance policies to intermediaries. It fully automates the process of distributing and underwriting insurance policies, cutting the time to close a policy and emit the insurance certificate from several weeks to a few minutes.
Founded in 2016, the company has been growing exponentially since the SaaS platform was launched in 2017. Coverholder has developed an “Augmented Underwriting” product, a proprietary algorithm that uses Machine Learning techniques to assess the risk of underwriting a certain policy, thus enhancing the underwriting process and making it more accurate and efficient.
The cloud-based software tool, accelerates and simplifies the insurance brokerage process, eliminating various manual interactions and improving and accelerating the underwriting experience.
Coverholder’s services are available in a SaaS platform used by individual agents and brokers. White label solutions and API platform are available for insurance carrier’s captive agent networks and new distribution channels such as Bankassurance.
Coverholder has offices in London and Milan.