Press Releases

E*TRADE joins forces with Covr to offer life insurance in as little as 15 minutes and many times without a medical exam While nearly one in three consumers say the pandemic has made them more likely to purchase life insurance, actual policy ownership hit 10-year low ARLINGTON, Va. and HARTFORD, Conn., Oct. 28, 2021 /PRNewswire/ — E*TRADE Financial Holdings, […]

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

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

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

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

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

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

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

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