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Digital Insurance Roundup

Covr Financial Technologies, Americo Financial Life and Annuity Insurance Company, and global reinsurer SCOR announce the launch of LoanMatch Protector, a life insurance policy customized to a consumer’s loan amortization schedule.  Read More

Covr, Americo And SCOR Launch Life Insurance Product Aligned With The Home Loan Process

Covr Financial Technologies, Americo Life, Inc. and SCOR launched the LoanMatch Protector product. This is a first-of-its-kind life insurance policy that is customized to a consumer’s specific loan amortization schedule, according to a press release. Loan originators and brokers are able to offer the product during or after the closing process of a loan. The product can …

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Covr Announces Industry-Leading New Digital Insurance Platform

Insurance simplified for Americans looking for online insurance solutions from trusted financial brands HARTFORD, Conn., Dec. 1, 2020 /PRNewswire/ — Covr Financial Technologies today announced a sweeping set of enhancements for insurance solutions for customers of financial brands. Covr’s market-leading digital consumer insurance platform has long enabled consumers to get quotes, apply, and buy easily online from …

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Covr Financial Technologies Announces New Head of Direct Distribution

Covr Strengthens Consumer Platform Capabilities with Hire of Todd Ewing HARTFORD, Conn., Sept. 23, 2020 /PRNewswire/ — Covr Financial Technologies (Covr) continues to see significant growth in its consumer business and is pleased to announce Todd Ewing as the Head of Direct Distribution.  Todd comes to Covr with nearly 30 years of experience in insurance direct distribution and direct-to-consumer leadership, including …

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Covid-19 Catalyzed Advisor Insurance Planning On This Digital Platform

As more advisors and consumers turn to online and virtual settings to offer and receive advice, they’re accelerating the insurance industry’s digitization, according to the CEO of digital insurance platform Covr. Within 12 months, advisors and consumers on Covr’s platforms using fully digital journeys for insurance increased from 10% of sales to now 62% of …

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Covr Financial Technologies Raises $7.5M with Investments from Connecticut Innovations, Fairview Capital and Aflac Ventures

Capital raise helps accelerate digital innovation in life insurance simplification  Hartford, CT (July 28, 2020) – Covr Financial Technologies (Covr) announces an additional round of investments from Connecticut Innovations, Fairview Capital, Aflac Ventures and its existing investors totaling $7.5 million. This is Covr’s third fund raising round and provides further validation of Covr’s differentiated insurance …

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Technology Touching ‘Every Aspect’ Of Insurance In Pandemic

Insurers and everyone along the distribution chain have long anticipated the impending technology infusion that would transform the delivery of life insurance and related products to consumers. That technology transformation crept closer at a glacial pace until the COVID-19 pandemic pushed an industry that relies on face-to-face contact to accelerate its plans. And something happened …

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Coronavirus boosts insurance demand, creating a tailwind for fintech

The coronavirus pandemic and resulting market volatility has financial advisors rethinking the role insurance plays in client portfolios.  “There absolutely has been a significant uptick” in demand for life insurance and annuities, says John Yackel, Envestnet’s head of strategic initiatives. More than 100,000 advisors have used the firm’s Insurance Exchange, he says, adding, “People are …

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Customizing Long-term Care

Focus on clients, not statistics. by Jim Gothers When it comes to long-term care solutions, statistics are scary, and too many options can confuse financial planning clients. Analysis paralysis usually results in a lack of any action at all.  No conversation about retirement and financial planning is complete without a discussion of the risk of …

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The Evolution of Life Insurance in the Time of COVID-19

Covr is well equipped to help insurance providers adapt. by Mike Furgiuele While the current situation surrounding the coronavirus is challenging for all of us, our insurance carrier partners have made adjustments in several key areas in response to COVID-19: Waiving of medical exams, expanded accelerated underwriting, and an increased use of e-delivery options.  Overall, …

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