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CoverForce

CoverForce

Insurance

New York, NY 6,060 followers

API infrastructure to instantly quote & bind insurance

About us

CoverForce connects top 100 brokers, wholesalers, and insurtech platforms to over 40 of the largest commercial insurance carriers through our insurance distribution infrastructure. We handle carrier integrations so our partners can launch products and scale operations in weeks instead of months.

Website
https://coverforce.com/
Industry
Insurance
Company size
51-200 employees
Headquarters
New York, NY
Type
Privately Held
Founded
2020

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Updates

  • CoverForce reposted this

    Which part of your book do you think AI actually touches in the next three years? I'm going to discuss this on stage with Gallagher, NFP, and Novella at Insurtech Insights conference this week - catch me on the Red Stage at 1:55pm today. On February 9, broker stocks had their worst single-day drop since 2008. WTW fell 12%. Gallagher 9.9%. Aon 9.3%. The S&P Insurance Brokers index lost nearly 11% on the week. The trigger? OpenAI approved a homeowners insurance app on ChatGPT. 📊 A personal-lines quoting tool wiped out billions in commercial brokerage value. Those aren't the same business. 🔑 Investors priced in a future where AI replaces the broker. What they missed: a homeowners quote and a complex commercial placement are worlds apart. One is a form. The other is judgment, relationships, and ten markets that don't talk to each other. I talk to carriers every week - nobody is automating a $2M umbrella program through a chatbot. But CoverForce is also powering a number of AI brokers in the market - who are committed to using our API infrastructure to improve the CX in commercial lines. IMO, I don't think brokers will be replaced anytime soon, as they play a key role in the risk transfer that business owners crave. But I think AI will deliver the speed insureds and retail agents demand at critical pain points in the distribution lifecycle. #Insurance #AI #CommercialInsurance #InsurTech #CoverForce

  • CoverForce reposted this

    The commercial insurance stack is in the middle of its biggest workflow shift in a decade. The brokerages and insurtechs that win the next five years will be the ones figuring out, right now, what to build, what to buy, and what to partner on. Next Wednesday at Insurtech Insights USA, I'm hosting a panel with three insurtech leaders shaping how commercial insurance distribution actually runs in 2026: Katherine Minami - SVP of Operations & Innovation at NFP, an Aon company Damion Walker - Managing Director, Technology Practice at Gallagher Max Kane - CEO at Novella June 3, 1:55 PM, Red Stage, Javits Center. Come find us. Or swing by booth 711.

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  • View organization page for CoverForce

    6,060 followers

    InsurTech Insights is coming to our backyard in New York, and we'll be there! We'll be at InsurTech Insights USA, June 3–4 at the Javits Center. Cyrus Karai, Diego Nicolini, William (Wit) Geffs, Alex Talati, and Mackenzie D. will be at Booth 711 and would love to connect. If you're thinking about how to streamline carrier connectivity, eliminate rekeying, or get live bindable quotes through a single API, let's grab some time and talk through it. Let us know if you'll be attending as well!

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  • This is the conversation we have every day. Dive into how we break down the real cost of building carrier integrations in-house — and why the math never works out. Article link in the comments below

    Let me share a story. One that's caused pain and led bright people to lose their jobs. One I've heard from dozens of CEOs, COOs, and CTOs at top 100 brokers and wholesalers. A broker budgets $500K to build carrier integrations in-house. 18 months later: $2M+ spent. Three carriers live. One already broken. This isn't a one-off. It's the same story, ten years running. Here's the math nobody puts on the whiteboard: Each integration takes 6–9 months. Three engineers get you six integrations - for one line of business. A 10-carrier, 3-LOB strategy is 30 integrations. You're looking at years. Then maintenance starts. Carriers make 3–5 significant API changes per year. 10 carriers = 30+ change events your team has to drop everything for. Every year. The real 3-year cost: $2.1M–$2.9M+. Most teams budget $500K. The brokers and wholesalers winning right now aren't better engineers. They just stopped building infrastructure no one sees. Full breakdown in the article below — the triggers, the problems, the real cost breakdowns.

  • CoverForce reposted this

    I've talked to 30+ brokers since the Insurify panic in February. One thing keeps coming up that nobody is posting about. 👇 They're not scared of ChatGPT quoting auto insurance inside a chatbot. They're scared of the broker down the street who figured out how to quote three carriers in the time it takes them to log into one portal. The Insurify story spooked Wall Street for about 48 hours - broker stocks dropped 9%, then bounced back within three weeks. The market moved on. But the conversations I'm having with agency owners haven't moved on at all. 📊 A Reagan Consulting, Inc. study found that producers under 35 using tech-enabled tools carry book sizes averaging $168K larger than peers without access to those tools. That's not an AI headline. That's a workflow story hiding in plain sight. The gap isn't between brokers and AI. It's between brokers with connected infrastructure and brokers still managing ten carrier portals, re-keying the same data into each one, and chasing underwriters by email for quotes that should take minutes. 🔑 The brokers who worry me aren't the ones ignoring AI - they're the ones buying AI tools and bolting them onto broken workflows. Same portals, same re-keying, same manual handoffs. AI on top of a disconnected process just gives you faster chaos. Everyone's debating whether AI will replace the broker. The real replacement is happening broker-to-broker, and it's infrastructure, not intelligence, that's making the difference. ⚡ The competitive threat in commercial insurance isn't a chatbot. It's the agency that quotes five markets before your team finishes one submission. What's the one workflow bottleneck you'd eliminate tomorrow if you could? 💬 Drop it below - curious what's universal versus what's specific to certain lines. #Insurance #AI #CommercialInsurance #InsurTech #BrokerLife #CoverForce

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Funding

CoverForce 2 total rounds

Last Round

Series A

US$ 13.0M

See more info on crunchbase