Covr Financial Technologies Recognized by the Everest Group, Amongst Other Leading Providers, for Technology Innovation in Life Insurance
HARTFORD, Conn., Dec. 11, 2024 /PRNewswire/ — Covr Financial Technologies, a digital insurance solution provider, has been named a top life and annuity technology provider by the Everest Group in its recently released report. The recognition highlights Covr’s considerable capabilities in digital insurance solutions delivered to financial institutions and their clients.
Advisor 3.0 is designed to enhance efficiency by reducing the work necessary to design and complete insurance The report, “Leading 50™ Life & Annuity (L&A) Insurance Technology Providers 2024,” evaluates providers based on revenue, business line coverage, value-chain capabilities, and geographic reach. Covr was recognized for its expertise in sales optimization, solidifying its position as a leader in the digital insurance space.
Covr’s platform simplifies the insurance-buying process by integrating insurance with financial planning and using API and embedded technology to simplify the purchase journey for the top insurance carriers in the US market. Covr’s technology solution currently powers 8 of the top 50 US financial institutions’ insurance program, allowing their advisors and their clients to offer these products to their customers on a highly streamlined basis.
“Covr’s recognition by the Everest Group underscores the growth and innovation we’ve achieved. This recognition amongst the other technology leaders in the sector is another affirmation that simplification makes a difference in how customers think about these valuable products.”
– Mike Kalen – CEO, Covr Financial Technologies
Everest Group’s research report highlighted Covr’s line of business capabilities and distribution enablement as key features of its software offering.
About Covr Financial Technologies:
Covr is a full-service digital Brokerage General Agency (BGA), offering innovative solutions that simplify the insurance buying process, serving over 30,000 financial professionals and over 100 million customers. Covr’s solutions for life insurance, long-term care, and disability income insurance simplify the insurance purchase journey for financial advisors and clients of financial institutions. Headquartered in Hartford, CT, with offices in Houston, TX, Covr innovates the insurance industry through its platform, data-driven insights and superior choice of coverage options. For more information, visit www.covrtech.com or follow Covr on LinkedIn @Covr Financial Technologies.