CoverGo strengthens its presence in USA through Plug and Play Silicon Valley insurtech program

CoverGo, Asia’s no-code insurance technology leader, continues to strengthen its presence in the United States of America, and has been selected to join Plug and Play Silicon Valley’s Insurtech Batch 12 accelerator program.

More than 1000 insurtech companies applied for this program from around the globe, where only 20 have been selected to join the program, another great validation of CoverGo’s unique technology and strong market fit in the region.

CoverGo offers a no-code platform for insurance firms to streamline their ecosystem from building products to managing claims. Since January 2021, the company’s subscription revenue has risen by over 1,000%. CoverGo already works with numerous insurance companies in the USA, Canada and South America.

During the program, CoverGo will have full access to corporate partners such as Nationwide, Travelers, Swiss Re, Aflac, State Farm, Munich Re, Zurich, Sun Life, Munich Re, Aon, etc, and leading venture capital firms, providing a strong pathway to strengthening CoverGo’s presence even further, a key market in CoverGo’s growth strategy.

About Plug and Play

Plug and Play is the world’s largest early stage investor, accelerator, and corporate innovation platform with global headquarters in the Silicon Valley. Plug and Play has over 500 corporate partners and 200 venture capitalists in its ecosystem. It was recently named the ‘Most active Silicon Valley venture capital firm’. Plug and Play were early investors in Google, PayPal, Dropbox, LendingClub, N26, Soundhound, Honey, Kustomer, and Guardant Health.

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About CoverGo

CoverGo is the first fully configurable, modular, no-code, enterprise-grade platform for insurance. It enables companies to build products at record speed, automate policy admin, claims and processes, and improve omni-channel distribution. Powered by 500+ insurance APIs, the platform can be used in parts or in full, and deployed across any cloud. CoverGo has 30+ P&C, health and life insurance clients across 3 continents.

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