Client background
CompanyCover is a startup looking to become a digital broker that distributes SME products digitally and efficiently to support small and medium sized businesses. They want to make SMEs that are looking to purchase insurance have an easier time doing so.
The challenge
CompanyCover wanted to digitize an SME group medical product but needed the support of an insurtech provider. Group medical products are complicated and have never been digitized in the insurance space before owing to their high level of complexity.
The solution
CoverGo has developed an online distribution site for the SME group medical product in 3 weeks for CompanyCover so they can jumpstart their business and begin offering their clients the services and products they need with the possibility for instant online payment, along with a policy admin system to help them handle quotes coming from the website.
Business impact
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Helped CompanyCover launch online with their first product
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Digitized a product never done before in the insurtech space in record speed
