Covr Financial Technologies

OverviewSuggest Edit

Covr Financial Technologies is a digital personal insurance platform. The Company's platform provides access to policies from well-known, dependable insurers. Policies are offered through financial institutions and advisors, so consumers can work with someone they already trust while integrating protection into their financial lives.

Covr features a simple online interface that lets consumers find information, calculate their specific needs, compare coverage, get quotes, and purchase policies.

TypePrivate
Founded2013
HQBoise, ID, US
Websitecovrtech.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Apr 2022)107(+4%)
Cybersecurity ratingAMore
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Key People/Management at Covr Financial Technologies

Michael Kalen

Michael Kalen

CEO

Covr Financial Technologies Office Locations

Covr Financial Technologies has offices in Boise and Hartford
Boise, ID, US (HQ)
401 W Front St
Hartford, CT, US
1 American Row
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Covr Financial Technologies Financials and Metrics

Summary Metrics

Founding Date

2013

Covr Financial Technologies total Funding

$20.5 m

Covr Financial Technologies latest funding size

$500 k

Time since last funding

3 years ago

Covr Financial Technologies investors

Covr Financial Technologies's latest funding round in October 2019 was reported to be $500 k. In total, Covr Financial Technologies has raised $20.5 m
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Covr Financial Technologies Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

SecurityScorecard logo

Covr Financial Technologies Online and Social Media Presence

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Covr Financial Technologies News and Updates

Covr Financial Technologies Announces New President and Head of Innovation

HARTFORD, Conn., April 3, 2020 /PRNewswire/ -- Covr Financial Technologies (Covr) announced that Ron Alexander, CFP, has been appointed as President and Head of Innovation. Ron comes to Covr with 20 years of e-commerce, life insurance and insurtech experience. Ron will lead product...

Covr Financial Technologies Integration Expands RetireOne's Life, Long-Term Care and Disability Insurance Offerings

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,...

Covr Financial Technologies Opens Corporate Office in Hartford, CT

HARTFORD, Conn., April 18, 2019 /PRNewswire/ -- Covr Financial Technologies, a leading insurtech firm in the life insurance space, has opened its corporate office in the NassauRe building in downtown Hartford. Covr focuses on delivering simplified life insurance and long-term care...

Covr Financial Technologies launches industry-leading Long-Term Care comparative tool for financial advisors

BOISE, Idaho, March 14, 2019 /PRNewswire/ -- Covr Financial Technologies, a digital life insurance platform for financial institutions, today announced the launch of an industry-leading Covr LTC Estimator for financial advisors, the first digitally enabled asset-based long-term care...

Covr Financial Technologies Blogs

Covr Completes $15m Series B Fundraising Round

HARTFORD, Conn., April 7, 2022 /PRNewswire/ — Covr Financial Technologies (Covr), a leading digital life insurance platform, has completed its Series B fundraising round including new investor Stone Point Ventures, and strong existing investor participation from Sony Innovation Fund by IVG, Aflac Ve…

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 th…

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…

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 journe…

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 m…

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 indust…
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Covr Financial Technologies Frequently Asked Questions

  • When was Covr Financial Technologies founded?

    Covr Financial Technologies was founded in 2013.

  • Who are Covr Financial Technologies key executives?

    Covr Financial Technologies's key executives are Michael Kalen.

  • How many employees does Covr Financial Technologies have?

    Covr Financial Technologies has 113 employees.

  • Who are Covr Financial Technologies competitors?

    Competitors of Covr Financial Technologies include Health IQ, Muang Thai Life Assurance and Intellect Design Arena.

  • Where is Covr Financial Technologies headquarters?

    Covr Financial Technologies headquarters is located at 401 W Front St, Boise.

  • Where are Covr Financial Technologies offices?

    Covr Financial Technologies has offices in Boise and Hartford.

  • How many offices does Covr Financial Technologies have?

    Covr Financial Technologies has 2 offices.