Riskcovry is a digital insurance distribution platform that provides a unified API for businesses to access over 75 insurance products from 33 insurers across various channels, including DIY, assisted, and embedded models. The platform enables enterprises to implement fully digital insurance purchase and claims processes, significantly reducing go-to-market time by up to 50%.
Funding
$21.5M raised to dateRaised 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.
MVFounders
Product
Problem
The insurance industry faces challenges in efficiently distributing and managing a diverse range of insurance products across multiple channels. Existing systems often lack the flexibility to adapt to evolving regulations, integrate with various insurer systems, and provide a seamless digital experience for end-users. This complexity hinders scalability and increases the time-to-market for new insurance offerings.
Solution
Riskcovry offers a full-stack insurance distribution platform that streamlines the process of offering and managing insurance products across DIY, assisted, and embedded channels. The platform provides a unified API that integrates with multiple insurers, enabling businesses to access a wide range of insurance products, including life, health, and general insurance. Riskcovry's modular platform facilitates 100% digital insurance purchase and claims journeys, along with robust dashboards for performance analysis. By providing technology, compliance, and insurance products in one place, Riskcovry accelerates go-to-market speed and simplifies digital insurance distribution.
Target Audience
Riskcovry primarily serves insurance distributors, brokers, and enterprises across various industries looking to digitally launch and scale their insurance offerings.
Features
- Unified API for integrating with multiple insurers and accessing a comprehensive insurance product basket
- Omnichannel distribution platform supporting DIY, assisted, and embedded insurance channels
- No-code configurator for creating customized insurance product packages
- End-to-end API-led purchase journeys with a smart recommendation engine
- 360-degree platform for credit-linked insurance with customizable options
- Real-time combo product creation capabilities
- Automated data pre-population to minimize manual data entry errors
- Dashboards for analyzing performance across the insurance lifecycle