The commercial insurance industry, valued at nearly $1 trillion annually, struggles with outdated systems, causing inefficiencies. CoverForce addresses this challenge with an infrastructure platform that creates a marketplace for seamless connections between carriers and agencies. This technology enables quick quoting, payment, and policy binding across various insurance lines. With significant partnerships and recent funding of $13 million in a Series A round, CoverForce aims to further enhance industry operations, reducing integration times and costs for its partners while supporting over 9,600 producers nationwide.
CoverForce's technology connects carriers and agencies, streamlining the insurance process and enabling instant quote and bind capabilities across multiple lines of business.
We just closed a $13M Series A led by Insight Partners, which marks a significant milestone and prepares us for the next phase of our growth.
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