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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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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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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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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A life and annuity distribution veteran says advisors can still match most clients with products. The Wall Street Journal recently ran a prominent article about COVID-19, low interest rates and investment market turmoil reducing U.S. consumers’ access to life insurance. Some life and annuity distributors post streams of copyrighted, for-financial-professionals-only carrier product announcements on the web. The…

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HARTFORD, Conn., Feb. 26, 2020 /PRNewswire/ — Covr Financial Technologies (Covr) and Haven Life, the customer-centric life insurance agency backed and wholly owned by Massachusetts Mutual Life Insurance Company (MassMutual), are today announcing a partnership that helps more customers purchase the life insurance protection they need. This new collaboration brings products sold by Haven Life to the financial institutions that…

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HARTFORD, Conn., Jan. 22, 2020 /PRNewswire/ — Covr Financial Technologies announced that Jim Gothers has been appointed as Head of National Sales for its financial institution business, supporting banks, brokerage firms, wealth management firms and RIA partner firms. Reporting to Jim will be Covr’s insurance sales consultant team, advanced insurance division, policy analytics team, and key account directors.  Jim brings unquestioned innovation, insurance, financial…

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SAN FRANCISCO, Nov. 6, 2019 /PRNewswire/ — A new partnership with Covr Financial Technologies fills out the RetireOne platform of insurance solutions for Registered Investment Advisors (“RIAs”). RIAs may work through RetireOne’s desk of insurance experts to get quotes, analysis, recommendations and coverage for clients in need of insurance protections. Included in the offering are…

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Covr Financial Technologies Announces the Next Generation of its Technology-Enabled Life Insurance Platform HARTFORD, Conn., Sept. 25, 2019 /PRNewswire/ — Covr Financial Technologies announces an expansion of its market-leading, technology-enabled life insurance services for financial institutions to include enhanced sales support, advanced insurance advice for permanent life insurance, and a new series of digitally-enabled platform…

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– LGA’s OPTerm series and term riders will be available to financial advisors and their customers through Covr’s online platform – Partnership provides simplified, online solution tailored to the individual needs of the consumer FREDERICK, Md., Sept. 19, 2019 /PRNewswire/ — Legal & General America (LGA), a top ten U.S. life insurer, will expand its…

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