CoverGo
CoverGo provides a modular, AI-ready core insurance platform that enables insurers, MGAs, and brokers to automate workflows across distribution, policy administration, and claims. The platform combines no-code configuration, open insurance APIs, and insurance-specific AI agents—such as an Intelligent Document Processing agent that achieves 95% accuracy—to help organizations modernize legacy systems and launch new products in days rather than months.
- Insurance Technology
- AI Agents
- Artificial Intelligence
- Software Only
- Enterprise Software
- Financial Technology
Funding
Raised to date
$30MRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
across 2 known rounds
AFFCOM+3$6M · Series B
Announced Oct 2026 · from article date
Disclosed cumulative: $21M
Reported total $30M
Incomplete round history. $9M of the $30M reported total isn’t matched to a known round.
Founders
Founder details are not available yet.
Product
Problem
Insurance companies face challenges with rigid legacy systems, leading to high IT and operating costs and slow adaptation to changing market and customer needs. This results in lengthy product development cycles and inefficient policy administration and claims processes.
Solution
CoverGo offers a modular, AI-ready core insurance platform that enables property-and-casualty, health, and life insurance companies to rapidly build and launch new products. The platform combines core insurance capabilities, AI agents, intelligent workflows, digital experiences, and integrations into a configurable system that can be deployed across existing systems or replace legacy core platforms entirely. CoverGo's AI agents—including a purpose-built Intelligent Document Processing (IDP) agent—automate workflows across distribution, policy servicing, and claims, reducing manual document review by up to 80% and freeing up 40% of claim handler time. The platform supports omnichannel distribution across direct, agent, broker, bancassurance, embedded insurance, and affinity partnership channels, enabling insurers to reduce costs, improve efficiency, and enhance the customer experience.
Target Audience
CoverGo targets insurance companies, including large global insurers, MGAs, and brokers, looking to modernize their core systems, launch new products quickly, improve customer experience, and reduce operational costs.
Features
- No-code product builder with a patented drag-and-drop interface for rapid product creation and launch
- Insurance-specific AI agents including Intelligent Document Processing (IDP) that extracts, validates, and structures data from unstructured documents with 95% accuracy
- AI-powered distribution tools including sales AI agent, quotation AI agent, proposal management, and agent/broker portals
- AI-powered underwriting workflows with submission review, quote comparison, and case management
- Digital policy administration for seamless management of policies, renewals, and endorsements
- Automated claims processing with one-click intake from PDFs, scans, photos, emails, or faxes and real-time missing-field detection
- Open insurance APIs and microservices architecture for flexible integration with existing systems
- White-label portals for customer onboarding and servicing