Brooks Insurance coverage has launched its Quote & Bind platform, powered by CoverForce, a VC-backed insurtech.
CoverForce delivers direct API entry to cite, bind and subject insurance policies with main US carriers and Brooks is a nationally recognised wholesale insurance coverage brokerage. Brooks can be wholly owned by Venbrook Group.
As well as, the Quote & Bind platform offers a digital instrument for Brooks’ company companions and small enterprise shoppers that simplifies the method of collaboration for protection.
Coverage choices embody:
- Enterprise House owners Insurance policies;
- Common legal responsibility;
- Staff comp, and
- Cyber insurance coverage.
“The collaboration with CoverForce offers our shoppers and prospects a better and faster method to view the choices obtainable to them,” stated David Rosen, President and Managing Director of Brooks Insurance coverage. “No extra forwards and backwards or paper paperwork. It’s the way in which enterprise is being performed now – automated, correct, and obtainable at any time. It particularly reveals our dedication to the unbiased insurance coverage agent who desires to bind protection instantly and precisely and it opens doorways to quite a lot of carriers.”
“We’re thrilled to accomplice with Brooks,” stated Cyrus Karai, CEO and Co-Founding father of CoverForce. “Their dedication to constructing a digital resolution, with immediate service entry and one-click comfort, will assist their brokers, brokers, and enterprise prospects to interact with elevated pace and work extra effectively.”
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One other insurtech, Sixfold, a start-up specialising in generative synthetic intelligence (GenAI) for insurance coverage underwriting, has secured $15m in Sequence A funding.
The funding spherical was led by Salesforce Ventures and supported by Scale Enterprise Companions, together with present traders together with Bessemer Enterprise Companions and Crystal Enterprise Companions.
Sixfold plans to make use of the funding to bolster its AI and ML engineering staff, product capabilities, and analysis and improvement initiatives.
The funding can even facilitate Sixfold’s growth into the UK and EU markets.
