CoverGo, a worldwide no-code insurance coverage software-as-a-service (SaaS) platform, has rolled out CoverGo Distribution, a brand new AI-based insurance coverage platform designed for omni-channel distribution.
This AI resolution is engineered to help insurance coverage corporations, brokers, MGAs and different stakeholders in distributing a spread of insurance coverage merchandise, protecting life, well being and P&C.
These merchandise are distributed by way of various channels equivalent to direct gross sales, brokers, embedded insurance coverage, brokers, in addition to bancassurance and affinity partnerships.
Based on CoverGo, the brand new platform supplies AI-driven workflows and automation companies together with no-code configuration capabilities protected by patents, and integration middleware utility programming interfaces (APIs).
The CoverGo Distribution platform will be deployed to assist insurance coverage corporations expedite product launches, improve conversion charges, faucet into new buyer segments, and minimise each turnaround instances and prices.
It additionally goals to supply a seamless buyer expertise and streamline your complete course of, from quote to issuance and renewals, whereas integrating easily with present core techniques.
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CoverGo mentioned it has already noticed vital demand for this platform, initiating collaborations with early adopters equivalent to AXA, previous to the official launch of CoverGo Distribution.
Different companions throughout the Europe, Asia-Pacific (APAC), Center East and Africa (EMEA) and Americas areas have additionally proven curiosity within the new platform.
Commenting on the event, CoverGo CEO and founder Tomas Holub mentioned: “The launch of CoverGo Distribution addresses the rising demand from insurers, MGAs, brokers and different distributors who need to elevate their distribution and improve gross sales in probably the most versatile, scalable and cost-effective approach utilizing the newest applied sciences.
“CoverGo Distribution is about to redefine effectivity, productiveness and person expertise for all stakeholders within the insurance coverage distribution house and finally profit the end-customers as nicely.”
CoverGo helps insurance coverage corporations worldwide quickly develop and deploy numerous insurance coverage merchandise, and digitise coverage administration and claims processes, whereas enabling omni-channel distribution.
Its clientele consists of insurance coverage corporations equivalent to Bupa, AXA and Dai-ichi Life.
In July 2023, AXA Hong Kong and Macau introduced an alliance with CoverGo to enhance its common insurance coverage ecosystem in Hong Kong.
