Covera acts as a digital broker and finds optimal insurance coverage for customers

Country: Canadaimage2

Date: 2016

Concept

  • Covera is a free digital broker aiming to help P&C insurance customers by searching for better contracts once they expire
  • The company automatically creates a detailed profile and presents a variety of insurance options to customers
  • After ensuring that the insurance plan is optimal, Covera handles the logistics for changing carriers or contracts
  • Covera does not yet have a broker’s license, but its launch is planned during 2016 in Quebec, before entering the markets of Ontario and Alberta in the future

Consumer Benefits

  • Time-saving: users no longer need to waste time shopping and searching for suitable insurance
  • Money-saving: users have access to the most optimal insurance in terms of premium amount
  • Convenient: logistics around researching and finding new insurance coverage is managed by Covera which is more convenient for users
  • How To Use

  • Users must sign a broker reference letter through the website Covera.co
  • This letter will subsequently be used to know what type of contract, coverage, and benefits the client is looking for
  • Thirty days before the police renewal, the Covera team will handle all logistics necessary to change insurer, while the customer remains fully covered – at no additional cost

Illustration

http://journal-assurance.ca/article/une-insurtech-quebecoise-veut-repenser-le-courtage-en-ligne/