CoverGo

Hong Kong-based CoverGo provides a white-label no-code platform for insurers to build and manage the entire insurance process digitally, from underwriting to claims management. The platform can be integrated with property and casualty, life, and health insurance offerings. 

Key customers and partnerships

The company works with major insurance companies such as AXA, MSIG, Dai-ichi Life, and Bank of China Group Insurance. CoverGo also had delivery partnerships with consultancies such as Deloitte and Accenture.

Funding and financials

In May 2022, raised USD 15 million in an oversubscribed Series A funding round, led by SemperVirens VC. The company aimed to funnel the fresh funds to fuel international expansion, expand its partner network, and hire more staff for its sales and engineering teams in the US and Asia-Pacific.

In May 2022, the company reported 10x growth in annual recurring revenue since January 2021.