Covr Financial Technologies launches Covr Insights – a complete policy management system to track, analyze, and manage life insurance business
"Policy management and tracking have long been a thorn in the side of our financial institution partners," said Covr CEO
Through direct data feeds with over 20 life insurance carriers and notifications delivered to a user-friendly digital dashboard, Covr Insights deploys policy monitoring for 13 different policy characteristics to ensure existing coverages are appropriate and managed through the client's lifetime. Covr Insights is integrated with Covr's new business platform which provides simple and objective access to carriers for additional sales and coverage options.
"Inforce policy management is the next logical platform for Covr to offer within our broader mission to simplify the business of life insurance for financial institutions," said Kalen. "Life insurance is a valuable asset as part of a financial plan and Covr Insights helps improve the management of these policies throughout the client relationship. We have been helping some of the most respected financial institutions leverage technology to grow their life insurance business – this provides yet another way for them to serve their customers' needs."
The Covr Advisor platform connects life insurance products from over 30 major insurers to financial institutions and financial advisors, enabling them to offer insurance protection that is simple, straightforward, cost effective and transparent to their customers. The Covr Consumer platform is a web-based platform which allows customers of banks, credit unions and other financial institutions offer a direct purchase experience to their clients.
About Covr
Covr is a digital life insurance platform that makes it easy to protect what matters most: you and your family. Covr partners with financial institutions that share the belief that life insurance should be both simple and transparent. Through Covr's technology, financial advisors and their customers can research and purchase affordable life insurance from well-known insurance companies without the hassles of the traditional process - all within a matter of minutes. Covr's investors include four leading venture capital firms:
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SOURCE Covr Financial Technologies
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