CoverForce will provide digital access to Great American’s workers’ compensation, business owner’s policy, and other commercial products.
The startup recently disclosed receiving US$5 million in funding and reports having onboarded over 3,500 users and partners within its first year of operation. Notable partners include ISU Insurance Agency Network and agency management system NowCerts.
According to reports, the partnership with Great American Insurance Group expands CoverForce’s offerings and reinforces its position in the insurance technology sector. With access to a wider range of commercial products, CoverForce aims to strengthen its platform and provide enhanced services to its clients and partners.
Commenting on the news, Kristen Mielcarek, Divisional VP, Alternative Distribution at Great American, said: “We are excited to further our commitment to deliver a market-leading digital experience for business owners’ and workers’ compensation policies and our appointed agents through this partnership. With CoverForce’s modern technology, our products are more accessible to retail agencies, independent agencies and wholesalers, giving us a better understanding of the appetite while drastically reducing the time between requesting a quote and purchasing a policy.”
Cyrus Karai, CEO and Co-Founder of CoverForce, also commented, saying: “We are proud to be one of Great American’s largest alternative distribution partners, demonstrating that our solutions, built in lock-step with carriers, are developed for large wholesalers, brokerages and network groups at scale.”
