The CoverForce Blog

In commercial insurance, broker codes are how producers get credit, access, and commission for the business they place. It’s the credential that connects the agent to the market.

Historically, Broker Codes Have Been a Point of Restriction

You’re either appointed or you’re not.
You either go direct, or you go through a wholesaler.
You work through a network, or you maintain your own access.

But at CoverForce, we’re helping unlock a new model—where broker codes are flexible, layered, and built for collaboration.
Not just restriction.

Because in today’s world, how you access a market shouldn’t be limited by static code setups. It should be enabled by connected infrastructure.

Here’s What’s Changing

Agents often ask:

• Can I quote through my wholesaler and still track my business?
• Can I work through my network and still see which markets I’m using?
• Can I load my own broker codes while still accessing shared carrier access?

The answer is yes.

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CoverForce Allows:

• Agency networks and wholesalers to extend their carrier codes to appointed retail agents
• Retail agents to load and prioritize their own direct carrier codes

This is not a workaround. It’s infrastructure that respects:

• Ownership
• Channel structure
• Producer Level Tracking
• Reporting visibility
 

How It Works: Code Flexibility, Built In

In a typical flow:

A retail producer logs into CoverForce. The system checks for available access based on:

• That agent’s direct carrier codes
• Their wholesaler’s codes
• Their network’s codes

The quote is returned—and the bind request routes to the appropriate party. The business is booked under the correct code, regardless of how it was accessed.

This ensures:

• The retail agent is always credited
• The wholesaler or network partner maintains control
• The carrier has accurate distribution data

Everyone wins. No double submissions. No confusion. No phone calls asking, “Who placed this?”

Why This Matters

For Agents:

You no longer have to choose between access and control.
You can use shared carrier access through trusted partners—but still see your own pipeline, use your own codes, and bind with clarity.

For Wholesalers & Networks:

You can extend access without giving up visibility.
You support your producers with more efficient tools, but still own your relationships and data.

For Carriers:

You see cleaner submissions, better data, and more structured producer-channel mapping.
You know who placed what—and why.

The Bigger Picture: Building a Connected Ecosystem

We’re not just digitizing quoting.
We’re creating the framework for flexible, collaborative distribution.

By allowing code layering and extension, CoverForce supports:

• Multi-channel appointments
• Downstream access clarity
• Scalable partner relationships

It’s not about controlling access. It’s about enabling production—without the chaos.

We’re building the ecosystem where:

• Producers don’t have to guess where to route business
• Partners don’t lose visibility just because a retail agent has access
• Everyone can scale without losing sight of who owns what

Conclusion

CoverForce is building the infrastructure to reflect the real-world relationships that drive this industry.

If you're:

• A network looking to empower your members
• A wholesaler wanting to extend access cleanly
• A carrier looking for better downstream visibility
• Or a retail agent ready to own your production—direct or downstream

Let’s talk about how code extension works, and how it’s changing the game.

In commercial insurance, words like “instant quote,” “real-time pricing,” or “bindable rate” get thrown around a lot. But as anyone who’s followed a submission all the way through knows…not all "bindable" quotes are created equal.

At CoverForce, we’ve worked closely with carriers to build a platform that delivers true bindability—not just a rate preview or placeholder price. Because when a producer sees a quote, they shouldn’t have to ask: “Is this real?”

Here’s the Problem: "Bindable" Has Been Watered Down

Most platforms in the space stop at what’s known as Rate Call 1—an initial pricing output based on limited data and soft eligibility logic.

It looks like a quote.
It feels like a quote.
But when you hit "bind"? You’re met with

• Appetite misalignment
• Missing questions
• Required underwriter intervention
• Or worse—starting over in a separate portal

That’s not bindable. That’s indicative at best—and misleading at worst.

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CoverForce Built for True Bindability—By Design

We didn’t build this platform with assumptions. We built it with carrier collaboration.

CoverForce integrates:

• Crosswalks across appetite, eligibility, and question sets
• Cross-checks to ensure accurate class codes, limits, and state-specific logic
• Underwriter-reviewed logic trees that reflect real-world decision-making

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So when a quote is returned on CoverForce marked as bindable, it means:

• No follow-up portal logins
• No additional underwriting interviews
• No rekeying required
• It can be bound—right there, right now

This is possible because we’ve worked with our carrier partners to align logic, not just pricing.

Why This Matters to the Whole Ecosystem

For Producers:

You save time. You avoid false starts. You write more premium.
No more chasing quotes that go nowhere or redoing work after the “quote” falls apart.

For Wholesalers:

You receive clean, complete submissions with real binding potential—not just soft estimates.
You stop wasting time triaging junk data or managing client expectations based on an unrealistic rate.

For Carriers:

You improve quote-to-bind ratios, protect your underwriting teams, and deliver a better experience to the field.
You know that what’s hitting your systems has already passed real logic gates.

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Indicative Quotes Are Fine—Until They’re Not

There’s a place for quick, early-stage pricing.
But let’s not confuse that with bindability.

Because producers build trust with insureds based on what they show them. And if that quote changes dramatically—or worse, isn’t actually eligible to bind—you don’t just lose the deal. You lose credibility.

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When CoverForce Says Bindable, We Mean It

We believe:

• Terminology should reflect reality
• Tech should reflect underwriting, not override it
• A quote should get you closer to binding—not farther away

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That’s why bindable on our platform means bound-ready.
No more “We’ll get back to you.” No more “Now log into this other portal.”

Just real quotes. From real carriers.
With real binding potential—built in from the start.

Let’s redefine what quoting should feel like.
Let’s make bindable mean something again.

For most wholesalers, growth looks like more submissions, more appointments, more downstream demand. But with that growth comes a new problem:

The operational load doesn’t scale with the business.

Email submissions, manual triage, back-and-forth underwriting, fragmented quoting tools—it’s all still running on people power. And as submissions increase, so does the friction. That’s why the smartest wholesalers aren’t just hiring more—they’re thinking differently about product delivery. And increasingly, that means one thing:

Connect your products digitally. And connect them via API.

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The Old Model:

Manual Workflows with Market Leverage

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Wholesalers used to win by

• Having deep relationships with producer
• Offering exclusive or hard-to-place markets
• Being responsive, even if manually

But today’s agents don’t want to wait three days for a response. And your best carrier partners don’t want to underwrite 100 submissions to find one bind.

Market access is no longer enough. What matters now is: How easy are you to transact with?

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What Digital-First Agents Expect

Modern producers are moving fast. They want

• Instant quoting, even if it’s indicative
• Easy submissions without duplicated entry
• Clarity on appetite before they waste time

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If you’re relying on a team to manually read, route, and rekey every inbound submission, you're not just slowing down your internal ops—you’re missing premium that never makes it to you.

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Why APIs Matter More Than Ever

An API isn’t just a tech feature. It’s how your products stay accessible, discoverable, and integrated into the systems where producers are already working.

• Your quoting endpoints can plug into producer workflows
• Your appetite can be surfaced contextually—before submission
• Your bindable products can be distributed across partners and platforms

Most importantly, APIs give you visibility. Instead of relying on email volume as a proxy for demand, you can track quote volume, drop-off rates, and where agents are defaulting to other markets.

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What Happens When You Don't Make the Shift

• You get left out of the quoting flow.
• Your markets get underutilized.
• You spend more time cleaning up messy submissions than generating revenue.

This isn’t about being replaced—it’s about being included in a future that’s increasingly digital by default.

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What to Do Next

Digitizing your products doesn’t have to mean building a portal from scratch. In fact, most producers don’t want another portal.

• Structure your intake process
• Define your API endpoints (even basic ones like appetite or quote requests)
• Partner with platforms that can distribute your products into the market where producers already work
 

At CoverForce, we help wholesalers plug into modern workflows without needing to become a tech company. We sit in the middle of the ecosystem—connecting retail, carrier, and wholesaler workflows—so you stay visible and competitive where it counts.

If you're still waiting for the submissions to come in, you're already behind.

Let’s talk about how to keep your products accessible—and your business scalable.

In commercial insurance, timing is everything.

Agents move fast. Markets change fast. Insureds expect answers—yesterday. And yet, across the industry, submission workflows are still slowing down the business.

Manual intake. Disconnected portals. Redundant forms. Submissions that sit in inboxes waiting for triage.

And the cost isn’t just inefficiency. It’s lost premium—plain and simple.

At CoverForce, we’ve seen this across the ecosystem. When submissions slow down, deals fall apart. And when that happens at scale, carriers, wholesalers, and producers all lose.

Let’s Talk About Where It Breaks Down

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1. Retail Agents Are Submitting Through the Path of Least Resistance

If a wholesaler or carrier is slow to respond, producers default to someone else. It doesn’t matter if the appetite is better or the rate is sharper—speed wins business.

If it takes

• 3 days to respond with questions
• 5 emails to clarify the insured class
• A phone call just to confirm market access

…you’ve already lost the deal to someone else.

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2. Wholesalers Are Flooded with Submissions They Can’t Triage

Wholesalers receive hundreds of submissions every week—but most of them arrive as PDFs, emails, or forms missing key data.

That means:

• Manual rekeying
• Sorting through submissions with no prioritization
• Delays getting quotes back to retail partners

The longer it takes to turn around a quote, the more likely the agent has moved on.‍

Volume without velocity = missed revenue.

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3. Carriers Are Reviewing Submissions That Will Never Bind

Carriers spend valuable underwriter time reviewing submissions that:

• Are incomplete
• Are outside appetite
• Came through the wrong channel
 
• Are already being quoted by a competitor

This costs time, money, and—over time—erodes trust with distribution partners.

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The Unseen Cost: Lost Premium and Frustrated Producers

When submissions stall:

• Retail producers lose confidence
• Wholesalers lose the relationship
• Carriers miss opportunities to write clean, profitable business

And no one sees it clearly because the submission broke outside the system.

It’s not tracked. It’s not flagged. It’s not escalated.
It just disappears—quietly.

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So What Can Be Done?

We don’t need to add more software.

We need to

• Streamline submission intake so producers don’t default to email
• Structure data at the start so underwriters get what they need faster
• Surface appetite early to avoid wasted time
 
• Track quote turnarounds and drop-offs to identify where the slowdowns live

At CoverForce, we help carriers and wholesalers not just digitize quoting—but actually move deals through the pipeline faster.

Because quoting tools are only as valuable as the workflow they support. And if the workflow is slow, the system isn’t working.

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‍Want to see how faster submission handling leads to more bound business?

Let’s talk about speeding up the moments that matter.

In commercial insurance, technology has long been the barrier and the bottleneck. Legacy systems, siloed workflows, and half-connected solutions made it difficult for underwriters to underwrite, IT to innovate, and distribution partners to actually distribute.

But that’s changing — fast.

We’re entering the era of enablement.

From broker to wholesaler to carrier, the winners in 2025 won’t be those who build the most portals — they’ll be the ones who free their teams from them. The next generation of insurance platforms isn't about adding another screen — it’s about removing the friction between quoting, binding, and scaling.

What’s Driving the Shift?

1. API Quote Volume Is Surging

Carriers are seeing significant increases in quote volume through API-enabled partners. That’s because submission velocity is no longer limited by how fast a producer can toggle through portals — it's tied to how well workflows are orchestrated.

As more business flows through these automated pipelines, underwriters are engaging only where they’re most needed: edge-case risk selection, program creativity, and judgment calls. For everything else? Let the system handle it.

“The idea of API quotes being ‘small ball’ is no longer true. The average API-placed premium has jumped. It’s not just for $500 BOPs anymore.”

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2. The Role of IT Is Evolving

IT teams have historically been tasked with stitching together disjointed technologies: AMS → Portal → CRM → Carrier → Custom Workflow Tools.

But with the rise of modern, API-first platforms like CoverForce, IT teams are shifting from building the bridge to owning the architecture. That means:

• Fewer vendor maintenance cycles
• Cleaner data schemas
• Easier integrations
 
• Greater scalability

Modern infrastructure frees IT to focus on high-leverage work: security, data intelligence, and platform extensibility — instead of troubleshooting another .CSV export.

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3. Underwriters Are Freed Up for Strategic Work

When quoting is truly digitized — meaning clean submissions, de-duplicated data, and bindable logic — underwriters stop being human portals. They become decision-makers again.

Instead of chasing clarifications, parsing PDF supplements, or triaging inboxes, they’re spending more time:

• Analyzing pricing trends
• Collaborating on appetite expansion
• Supporting complex risks and program strategy

This shift turns underwriting teams into growth partners — not workflow chokepoints.

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Why It Matters for Distribution

Distribution isn’t just sales. It’s the ability to get the right product to the right buyer at the right time — at scale.

When underwriting, IT, and distribution teams are all playing from the same stack, something magical happens:

• Product velocity increases
• More business flows through trusted channels
• Better data fuels appetite and pricing decisions

The takeaway? The best distributors in insurance aren’t just those with the biggest rolodex — they’re the ones with the least friction between submission and bind.

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Closing Thought: Legacy Systems Aren’t the Enemy — Siloed Thinking Is

It’s not just about adopting new software. It’s about rethinking how your teams collaborate, how workflows are automated, and how data flows across your organization.

At CoverForce, we work with underwriters, IT leaders, and distribution heads every day — and the message is clear: the teams who modernize their infrastructure now are the ones who will outpace the market later.

For decades, insurance distribution was powered by proximity — relationships, rolodexes, and regional partnerships. But today, in a post-COVID, API-enabled, and efficiency-obsessed ecosystem, the future doesn’t belong to those with the biggest networks. It belongs to those who know how to connect them.

Legacy Distribution Is Breaking at the Seams

Insurance still runs on a patchwork of portals, PDFs, and phone calls. But that fragmentation is becoming unsustainable. Agents are tired of duplicating data. Underwriters are tired of low-quality submissions. And carriers are tired of flying blind without insight into what’s flowing through their appointed channels.

The result?

 
• Good business falls through the cracks
• Tech stacks don’t talk to each other
• Quote-to-bind ratios suffer across the board

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The Most Valuable Players Aren’t the Biggest — They’re the Best Connected

What’s emerging now is a new class of insurance distributors: the connectors.

They’re not trying to “own” the entire journey. Instead, they:

• Build bridges between producers, markets, and system
• Capture structured data once and use it everywhere
• Deliver speed, clarity, and visibility at scale

They win because they understand the #1 rule in insurance today:
Whoever creates the cleanest, fastest path to bind wins.

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How Connectors Are Changing the Game

Smart wholesalers, agency networks, and MGAs are no longer just opening doors — they’re digitizing the entire corridor

• Digitized intake that auto-generates ACORDs and routes intelligently
• Embedded APIs that deliver real-time appetite and quote responses
• Visibility for every stakeholder across the submission journey
• Bindable experiences that reduce time to revenue
• Structured data that powers underwriting insights

They’re doing more than “enabling quoting” — they’re redefining what it means to distribute insurance intelligently.

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The Connector Model Is the Insurance Infrastructure of the Future

At CoverForce, we’re not just building quoting tools. We’re building distribution enablement infrastructure — a connective layer that turns submission chaos into coordinated, scalable action.

When carriers, agents, and wholesalers are finally speaking the same language (read: structured, API-driven data), the entire market wins:

• Brokers place more business, faster
• Carriers write more of the right risks
• Insureds get a modern, confidence-building experience

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Conclusion: The Market Is Evolving. Are You?

Legacy distribution was built for access.
Modern distribution is built for connectivity.

The winners in this next chapter won’t be those with the biggest rolodexes — they’ll be the ones who know how to orchestrate quoting, underwriting, and data across the entire insurance value chain.

If you're ready to stop juggling systems and start scaling intelligently, it’s time to think like a connector.

Let’s talk.

The commercial insurance world has no shortage of inefficiencies. But from a technology perspective, few bottlenecks have caused more friction — or more false optimism — than the limitations of RC1 and RC2 (Rate Call 1 and 2). These protocols, initially intended to simplify quoting, have instead created a fragmented landscape of partial answers, dead-end workflows, and wasted energy across the distribution chain.

At CoverForce, we didn’t set out to build just another quoting tool. We built CoverForce to solve the actual pain we saw on both sides of the carrier-broker equation — bindability, workflow alignment, and full-cycle connectivity across commercial P&C.

And that required throwing out the assumptions embedded in RC1 and RC2.

The Problem with RC1 and RC2

RC1 and RC2 weren’t bad ideas. At a high level:

• RC1 returns a price based on minimal input — think of it as an “indication.”
• RC2 returns a refined price after more detailed underwriting questions.

In theory, this two-step process sounds efficient. In practice, it creates downstream chaos.

Here’s why:

• It’s not bindable. Even after getting RC2, agents still need to go to the carrier portal, rekey data, answer additional “hidden” questions, and re-run quotes.
• It breaks agent trust. The price you show them initially is rarely the price they’ll get. And after one or two bad experiences, they don’t come back.
• It adds work instead of removing it. The promise was efficiency. The reality is parallel workstreams, dual entries, and no visibility into why quotes change or fail.
• It punishes good-faith distributors. Wholesalers, brokers, and networks try to steer business to API-enabled carriers — only to find they’re funneling their producers into half-baked quoting flows.

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Our Approach: Start with Bindability in Mind

When we built the CoverForce platform, we decided early on that bindability had to be the foundation — not a future phase.

Here’s how we’ve approached it differently:

• We work directly with carrier engineering teams to support full quote → bind → issue via API
• We don’t mask RC2 as final. If a carrier isn’t ready for bindability, we make that transparent
• We’ve built layered carrier logic into our platform that deduplicates questions, applies crosswalks, and supports downstream requirements in real-time — so that a quote is never just a guess.
• Our UX only shows what’s necessary for the bindable carriers active on the quote, cutting down agent time per submission.
• We don’t charge carriers per API call. That misaligned incentive model slows adoption and penalizes exploration.

Most importantly, we don’t view ourselves as a portal company. CoverForce is an infrastructure partner for carriers, brokers, and wholesalers who are serious about digitizing distribution — with underwriting integrity intact.

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What That Means for the Market

• If you’re a carrier: our goal is to drive real quote volume that converts — not fake signal noise.
• If you’re a wholesaler or MGA: you’ll be able to extend your carrier access with control, visibility, and trust in what your producers see.
• If you’re a retail brokerage or network: your CSRs and producers finally get a quoting experience that delivers the right quote, the first time.

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Where We Go From Here

API-based quoting is here to stay — but what matters is how it’s implemented. The industry doesn’t need another shiny UI sitting on top of inconsistent data and carrier portals.

It needs:

• Carrier-grade data integrity
• Full-cycle workflows
• No surprises at bind

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That’s the standard we’re building for. And if you’re a carrier or distributor working toward the same vision, let’s build it together.

CoverForce, a leading infrastructure platform for commercial insurance, today announced a $13 million Series A funding round led by global software investor Insight Partners with participation from Nyca Partners. The investment will accelerate CoverForce's mission as a leading marketplace for quote-and-bind API connections, enabling seamless digital interactions between insurance carriers, agencies, and wholesalers.

Co-founded by Cyrus Karai, Behram Dinshaw, and Kaivan Wadia, CoverForce was born out of a shared vision to modernize the commercial insurance industry. With decades of combined experience in insurance and technology, the founders set out to solve the inefficiencies of legacy systems by building a unified API platform that allows customers to instantly quote, pay, bind and issue policies. Since its launch, CoverForce has become a go-to marketplace for commercial insurance connectivity, partnering with over 20 of the largest insurance agency wholesalers and networks in America and supporting more than 9,600 producers nationwide.

A Marketplace for Seamless Connectivity

CoverForce's platform serves as a leading marketplace for quote-and-bind API connections, enabling brokers, wholesalers, and agencies to access instant quotes and one-click binding functionality. The platform integrates with national carriers like AmTrust, Chubb, Liberty Mutual, and Travelers, and covers major commercial lines of business such as Workers' Compensation, General Liability, Business Owner's Policies, and Cyber. For carriers and MGAs, CoverForce unlocks new distribution channels and cost efficiencies. For developers, the platform offers flexible APIs to embed insurance workflows into agency-facing software or direct-to-consumer applications.

"The insurance market is built on a legacy of paper and PDF — a huge issue in a market worth more than $960 billion," said Kaivan Wadia, CTO and co-founder of CoverForce. "CoverForce delivers a unified API infrastructure that decreases the time to integrate from months to weeks, saving our partners millions of dollars in R&D costs."

Driving Efficiency Through Technology

CoverForce's platform addresses the inefficiencies of legacy systems by digitizing workflows and reducing reliance on manual processes. By standardizing data flows and enabling real-time connectivity, CoverForce empowers brokers and carriers to operate faster and more accurately.

"We are thrilled to have Insight Partners on board with our Series A," said Cyrus Karai, CEO and co-founder of CoverForce. "This funding will help us expand our engineering capabilities and build deeper relationships in the market. In particular, we're seeking to partner with carriers who are empowering their agents with cutting-edge, digital tools — essentially those who are making an investment in speed as a key element of winning."

Expanding the Ecosystem

With this funding, CoverForce plans to expand its platform's capabilities, onboard additional carriers and distributors, and invest in AI-driven tools to further streamline insurance workflows. The company is also focused on building deeper relationships with carriers that prioritize digital innovation and speed as key competitive advantages."

Insight Partners is proud to back CoverForce in their work to transform the way carriers and distributors collaborate," said Sophie Beshar, Vice President at Insight Partners. "Their deep relationships with carriers and agencies, combined with the strength of their product and team, make them a standout player in the industry. We're excited to partner with CoverForce as they scale their impact."

As part of the transaction, Beshar will join CoverForce's Board of Directors.

About CoverForce  

CoverForce is a leading marketplace for quote-and-bind API connections in commercial insurance, offering a trusted and secure platform for carriers, agencies, and wholesalers. With over 20 of the largest insurance wholesalers and networks in America, CoverForce enables faster underwriting, instant quotes, and one-click policy binding.Founded at the University of Pennsylvania's Innovation Labs, CoverForce is backed by investors from Insight Partners, Nyca Partners, and QED Investors, as well as advisors from Travelers and The Hartford. The company continues to expand its reach by offering customized enterprise software for agencies and robust APIs that drive transformative change in the insurance ecosystem. For more information, visit www.coverforce.com.

About Insight Partners

Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of September 30, 2024, the firm has over $90B in regulatory assets under management. Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and the Bay Area. Insight's mission is to find, fund, and work successfully with visionary executives, providing them with tailored, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on X @insightpartners.

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SOURCE: CoverForce

Self-service API integration provides a Comparative Rater tool for small businesses and agency partners to compare coverage offers and identify best carriers

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LOS ANGELES, June 5, 2024 /PRNewswire/ -- Brooks Insurance ("Brooks") today announced the launch of their new Quote & Bind platform, powered by CoverForce, a VC-backed Insurtech that delivers direct API access to quote, bind and issue policies with the leading US carriers. Brooks is a nationally recognized wholesale insurance brokerage serving the standard markets and complex lines of business. They are a wholly owned subsidiary of Venbrook Group, one of the largest independent insurance and distribution services firms in the U.S.Brooks InsuranceBrooks Insurance

The Quote & Bind platform provides a digital tool for Brooks's agency partners and small business clients that simplifies the process of working together to bind coverage. The platform also serves as a Comparative Rater, allowing agencies and businesses the ability to analyze data from multiple carriers to compare coverage options.

Available policy coverage options include:

Business Owners Policies (BOP)General Liability

Workers Comp

Cyber insurance

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"The collaboration with CoverForce gives our clients and customers an easier and quicker way to view the options available to them," said David Rosen, President and Managing Director of Brooks Insurance. "No more back and forth or paper documents. It's the way business is being done now – automated, accurate, and available at any time. It especially shows our commitment to the independent insurance agent who wants to bind coverage immediately and accurately and it opens doors to a variety of carriers."

"We are thrilled to partner with Brooks," said Cyrus Karai, CEO and Co-Founder of CoverForce. "Their commitment to building a digital solution, with instant carrier access and one-click convenience, will help their agents, brokers, and business customers to engage with increased speed and work more efficiently."

About Venbrook®

Venbrook Group, LLC is a holding company with subsidiaries engaged in retail broking, wholesale broking, programs, and claims services. Venbrook's team of experts and industry specialists partner with their clients to manage their risks, create security, promote growth, and add value by delivering best-in-class insurance products and programs. Venbrook is headquartered in Los Angeles, with various locations across the country. 

For more information, please visit www.venbrook.com

About Brooks Insurance Agency

Brooks Group Insurance Agency, LLC is a nationally recognized wholesale insurance brokerage and wholly owned subsidiary of Venbrook Group, LLC. Brooks continues to broaden its reach in the property and casualty marketplace, providing coverage on excess and surplus (E&S), standard markets, specialty lines, and distressed lines of business. Brooks is an excess and surplus lines wholesaler within the specialty marketplace providing insurance coverage on both an admitted and non-admitted basis. Visit www.brooks-ins.com for more information.

About CoverForce

CoverForce has built a foundational, easy-to-integrate API that digitally connects agencies and corporate customers with insurance carriers. For agents, the company's core infrastructure and customized software enable instant quotes from top, best-fit carriers and one-click bind and issue. For carriers, the company unlocks new distribution channels and faster underwriting and sales, guaranteeing control over access, and providing access through its customized enterprise software for agencies and robust APIs. CoverForce has integrations with leading insurance companies - Travelers, Liberty Mutual, Chubb and more - across all major commercial insurance lines, including general liability, BOP, workers' compensation and cyber products. A product of the University of Pennsylvania's Innovation Fund, CoverForce has more than 3,500 users on its platform - thanks in part to investors and advisors from Nyca Partners, QED Investors, Travelers, Microsoft and Uber.

For more information, visit www.coverforce.com.

‍Contact:

Rhonda Turner,

rturner@venbrook.com

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SOURCE Venbrook Group, LLC

Insurance agencies, brokers and wholesalers can now apply for expedited appointment and access to Great American's commercial products, including business owner's policy

NEW YORK, NY / ACCESSWIRE / February 8, 2024 / Today, CoverForce, the first independent API to deliver instant quotes and one-click binding from the leading insurance carriers, announced a partnership with insurance veteran, Great American Insurance Group, to give appointed agents and brokers nationwide digital access to their commercial insurance products.With this partnership, CoverForce is the first company to provide digital access to Great American's workers' compensation, business owner's policy (BOP) and other commercial products.

"CoverForce brings market-leading one-click convenience, simplicity and error-free processing to the way retail and independent agents, brokers, wholesalers and carriers interact, while also providing them with the tools to manage those interactions," said Cyrus Karai, CEO and Co-Founder of CoverForce. "We are proud to be one of Great American's largest alternative distribution partners, demonstrating that our solutions, built in lock-step with carriers, are developed for large wholesalers, brokerages and network groups at scale."

Great American customers now have access to CoverForce's feature suite which also includes both its quote & bind Agent Portal and Management Portal that sync directly into top agency management systems. With CoverForce, agents and brokers can apply for expedited appointments with Great American, while wholesalers can track submissions across all retail agencies from start to finish.

"We are excited to further our commitment to deliver a market-leading digital experience for business owners' and workers' compensation policies and our appointed agents through this partnership," said Kristen Mielcarek, Divisional VP, Alternative Distribution at Great American. "With CoverForce's modern technology, our products are more accessible to retail agencies, independent agencies and wholesalers, giving us a better understanding of the appetite while drastically reducing the time between requesting a quote and purchasing a policy."

While the typical underwriting process can take an average of one to three weeks due to back-and-forth phone calls and emails, CoverForce has integrated with Great American's API suite to provide an end-to-end purchase experience of appetite, quoting, binding and issuance. This streamlined quoting process takes minutes versus weeks, helping agents access Great American small and medium business products digitally. Agents can significantly increase their sales throughput and reduce their administration time.In less than a year of operation, CoverForce has already onboarded more than 3,500 users and partners across the country - including independent agency networks like ISU Insurance Agency Network, as well as agency management system NowCerts - to access quotes from top property and casualty insurance carriers and bind in a simple one-click through its industry-leading API.

Great American's network of appointed agents can now digitally access its robust product suite and appetite in all 50 states with CoverForce's offering.

To request a Great American appointment or access CoverForce's products today, visit www.coverforce.com or send an email to hello@coverforce.com.

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About CoverForce

CoverForce has built a foundational, easy-to-integrate API that digitally connects agencies and corporate customers with insurance carriers. For agents, the company's core infrastructure and customized software enable instant quotes from top, best-fit carriers and one-click bind and pay. For carriers, the company unlocks new distribution channels and faster underwriting and sales, guaranteeing control over access and providing access through its customized enterprise software for agencies and robust APIs. CoverForce has integrations with leading insurance companies - Travelers, Liberty Mutual, Chubb and more - across all major commercial insurance lines, including general liability, BOP, workers' compensation and cyber products.

A product of the University of Pennsylvania's Innovation Fund, CoverForce has more than 3,500 users on its platform - thanks in part to investors and advisors from Nyca Partners, Muir Capital, QED Investors, Microsoft and Uber. For more information, visit www.coverforce.com.

About Great American

For more than 150 years, customers have trusted us to protect what matters most to them.Great American Insurance Group's roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Our innovative and specialized insurance solutions are designed to serve niche marketplaces that we know well. With our deep expertise and financial strength, we have laid a foundation of success that has stood the test of time.Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged in property and casualty insurance. With more than 30 specialty property and casualty insurance businesses, we're well-positioned to offer tailored insurance solutions to meet businesses' unique needs. Great American Insurance Company has received an "A" (Excellent) or higher rating from the AM Best Company for 115 years (most recent rating evaluation of "A+" (Superior) affirmed December 16, 2022).

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CoverForce Media Relations:

Caliber Corporate Advisers

coverforce@calibercorporateadvisers.com

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SOURCE: CoverForceView the original press release on accesswire.com

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Foundational API built to connect insurance agency systems with carriers to sell cyber insurance with instant quotes and one-click bind.

NEW YORK, NY / ACCESSWIRE / January 18, 2024 / Today, CoverForce, the first independent API to deliver instant quotes and one-click binding from the leading insurance carriers, announced the addition of cyber insurance to its API toolkit.

According to S&P Global, cyber is the fastest-growing subsector of the insurance market globally, increasing by 25-30% annually with expectations of reaching $23 billion by 2025. Cyber is the latest to join an extensive range of commercial line products available on the CoverForce API, which includes worker's compensation, business owner's policy (BOP), general liability and inland marine.

"We are thrilled to broaden our industry-leading API toolkit by incorporating cyber insurance, addressing a critical risk for American businesses and simplifying the insurance agent's ability to provide one of the most in-demand products from top carriers," said Cyrus Karai, CEO and Co-Founder of CoverForce. "This expansion underscores our commitment to becoming the digital market standard for insurance agents."

As part of the CoverForce API toolkit, agents and brokers can expect end-to-end capabilities complete with an appetite guide, multi-carrier submissions, bindable quotes, proposal documents, options to instant bind and pay, and issuance from leading insurance carriers. These carriers include AmTrust, Chubb, Liberty Mutual, Nationwide, Travelers and more.

By integrating into the existing front-end systems of wholesalers, brokers, and carriers CoverForce's API solves complexities experienced when merging with multiple and disparate systems to significantly reduce costs and mitigate execution risk. Enterprise customers and software providers, like recently announced partner NowCerts, have chosen CoverForce for its ease of integration, direct access to carriers, and configurability for alternative distribution channels.

To learn more about how to expand insurance product offerings and access the leading carriers in the market through CoverForce's easy-to-integrate API, visit CoverForce.com, or send an email to hello@coverforce.com.

About CoverForce

CoverForce has built a foundational, easy-to-integrate API that digitally connects agencies and corporate customers with insurance carriers. For agents, the company's core infrastructure and customized software enables instant quotes from the top, best-fit carriers, and one-click bind and pay. For carriers, the company unlocks new distribution channels while guaranteeing control over access. A product of the University of Pennsylvania's Innovation Fund, CoverForce has more than 3,500 users on its platform - thanks in part to investors and advisors from Nyca Partners, Muir Capital, QED Investors, Microsoft, Uber, and Walmart.

For more information, visit www.coverforce.com.

CoverForce Media Relations

Caliber Corporate Advisers

coverforce@calibercorporateadvisers.com

SOURCE: CoverForce

CoverForce's API will power NowCerts rating tool for workers comp, general liability, cyber insurance and more

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NEW YORK, NY / ACCESSWIRE / December 20, 2023 /

Today, CoverForce, the first independent API to deliver instant quote and one-click bind from the leading insurance carriers, announced a partnership with agency management system, NowCerts. Through this partnership, NowCerts has launched an instant commercial lines quote and bind platform enabled by leveraging CoverForce's API infrastructure.

"At our core, CoverForce aims to expand market access and deliver digital solutions for agents and software providers throughout the United States," said Cyrus Karai, CEO and Co-Founder of CoverForce. "This partnership with NowCerts, a leading agency management software solution, shows our ability to empower any group to become more digitally engaged with carriers and improve the ways they conduct business."

NowCerts' 1,500+ agency users will now have access to an end-to-end experience of appetite, quoting, binding, and issuance directly from the leading carriers in the market. This experience, powered by CoverForce's API suite, delivers critical efficiencies for appointed agents, enabling them to access their preferred carriers in minutes rather than days.

"CoverForce's API enabled us to become fully operational with the top carriers within just 10 weeks," said Peter Germanov, Principal and Co-Founder of NowCerts. "This rapid integration has allowed us to surpass our competitors, achieving more with significantly less cost and engineering resources. The swift and smooth process of integration with CoverForce highlights their expertise in engineering best practices, making them an ideal partner."

CoverForce's robust API is designed to easily integrate into already existing front-end systems to expand access to various leading carriers like Liberty Mutual, Chubb, Nationwide, Travelers, and more. The API helps companies save on significant costs and time-consuming development efforts, streamlining integration with leading carriers while solving the complexities of integrating with multiple and disparate carrier systems.

From software solutions that cater to agents to companies developing their proprietary quoting platforms, CoverForce has established comprehensive API connections that cover a wide range of commercial line products - varying from workers' compensation to business owners' policies, general liability, cyber, and more.

To learn more about how to access the leading carriers in the market through CoverForce's easy-to-integrate API, visit CoverForce.com or send an email to hello@coverforce.com.

About CoverForce

CoverForce has built a foundational, easy-to-integrate API that digitally connects agencies and corporate customers with the leading insurance carriers. For agents, the company's core infrastructure and customized software enables instant quoting, bind and issuance from the top, best-fit carriers. For carriers, the company unlocks new distribution channels while guaranteeing control over access. A product of the University of Pennsylvania's Innovation Fund, CoverForce has welcomed more than 3,500 users to its platform in the recent months of operation - thanks in part to investors and advisors from Nyca Partners, Muir Capital, QED Investors, Microsoft, Uber, and Walmart.

For more information, visit www.coverforce.com.

About NowCerts

NowCerts is an independent software company with a strong focus on the insurance industry. Their primary product, Momentum AMS, is a cloud-based agency management system designed to cater to insurance agencies of all sizes. Notable features include task management, self-service certificate creation, ACORD forms support, invoicing, email synchronization, loss run management, reporting tools, endorsement handling, permissions management, and reminders. With numerous integrations and an open API, NowCerts seamlessly centralizes and streamlines your entire workflow.

Experience the future of insurance agency management through Momentum AMS. As part of the NowCerts suite, Momentum AMS is poised to redefine the insurance industry. This comprehensive suite also encompasses Automate365, NowCerts CSR, and Rate! rating center and Fusion, the AI/Automation center, all with the common goal of enhancing agency efficiency, elevating customer satisfaction, and boosting overall profitability. For further information, please visit nowcerts.com.

For more information, visit www.nowcerts.com.

CoverForce Media Relations

Emily Mann

Caliber Corporate Advisers

coverforce@calibercorporateadvisers.com

SOURCE: CoverForce

Revolutionary API provides access to top carriers for instant quote and bind capabilities

NEW YORK, NY / ACCESSWIRE / October 25, 2023 / Today, CoverForce, the first independent insurance platform bringing streamlined comparisons and one-click buying to commercial insurance, officially emerged from stealth mode, unveiling its comprehensive suite of products made specifically for agency networks, wholesalers, and software companies. The company's infrastructure and easy-to-integrate API aim to provide digital access and one-stop comparison in an offline market with speed and accuracy.

CoverForce's leadership team brings big tech experience and deep insurance knowledge together to build technology that seamlessly integrates into established processes of carriers, agents and wholesalers. Chief executive officer and co-founder Cyrus Karai is joined by two additional co-founders: former executive vice president of global small & middle market business centers at Travelers, Behram Dinshaw, who serves as the company's chairperson of the board, and former software development manager at Amazon, Kaivan Wadia, who serves as the company's chief technology officer. Together, the three co-founders have assembled an expert team of engineers and industry advisors, including senior experts from Google, Amazon, The Hartford, Travelers, Allstate Corporation, McKinsey & Company and more.

"Historically, the commercial insurance industry has been fragmented and lacking a standardized API experience, forcing companies in need of quotes to navigate a complex, time-consuming process that consists of back-and-forth emails and phone calls," said Cyrus Karai, co-founder and CEO of CoverForce. "We are changing that by helping top insurance companies become digitally accessible to businesses, unlocking access to new alternative distribution channels and strengthening independent agents."

CoverForce's full product suite includes:

• ‍Commercial Insurance API: Streamlines integration in days while connecting to multiple carriers for instant access to appetite, quotes, proposals and policy documents while enabling one-click binding.‍
• Quote & Bind Agent Portal: Syncs directly into top carrier systems to grant access to appetite guide while enabling instant quote, bind, payment, and issue.‍
• Wholesaler/Network Management Portal: Tracks submissions across all Agent Portals, completes binds requested by retail agencies and showcases placement analytics across all agencies.‍
• Direct-to-consumer online storefronts: Creates a white-labeled online shopping experience for business owners to choose products and get competitive quotes from multiple carriers.

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With these customized solutions and over 1,100 standard industry codes on the platform, CoverForce is simplifying the submission process while minimizing misclassification of risk. Since May 2023, CoverForce has on-boarded more than 3,500 users across the country, including the second largest independent agency network - ISU Insurance Agency Network, to access quotes from top property and casualty insurance carriers and bind in a simple click.

The insurtech's early success stems from its initial $5M seed funding round in January 2022, led by Nyca Partners with participation from Muir Capital, QED Investors, Sidekick Partners and Moving Capital.

"The commercial insurance industry is accelerating its embrace of digital technologies. CoverForce is developing a unique independent insurance platform, bringing a streamlined experience to the distribution between agents and carriers," said Bill Bloom, advisory board member at CoverForce and former executive vice president The Hartford and Travelers. "The expertise in the insurance and technology industries that CoverForce brings is impressive. I'm excited to support them in their efforts to evolve the commercial insurance landscape."

About CoverForce

CoverForce has built a foundational, easy-to-integrate API that digitally connects agencies and corporate customers with insurance carriers. For agents, the company's core infrastructure and customized software enables instant quotes from top, best-fit carriers and one-click bind and pay. For carriers, the company unlocks new distribution channels while guaranteeing control over access. A product of the University of Pennsylvania's Innovation Fund, CoverForce has welcomed more than 3,500 users to its platform in the recent months of operation - thanks in part to investors and advisors from Nyca Partners, Muir Capital, QED Investors, Microsoft, Uber and Walmart.

For more information, visit www.coverforce.com.

CoverForce Media Relations

Emily Mann

Caliber Corporate Advisers

coverforce@calibercorporateadvisers.com

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SOURCE: CoverForce

ISU Insurance Agency Network (ISU IAN) announces the launch of the proprietary ISU Quote&Bind Platform.

The platform is the result of a collaboration between ISU Digital Partnerships, ISU preferred carriers, and CoverForce, an InsurTech API platform facilitating the insurance distribution process, to maximize the ease of doing business. The ISU Quote&Bind Platform works directly with ISU preferred carriers' APIs to simplify and streamline the production workflow, allowing ISU Members to access multiple quotes at once and bind policies in one click. The exclusive member benefit aims to reduce the cost of doing business for ISU preferred carriers, ISU members, and the members' prospects and clients through increased efficiency, speed, and transparency.

"The partnership between ISU and CoverForce is opening the door to the future of the insurance industry," says CEO TJ Ryan III. "Providing this cutting-edge technology to our members to increase the ease of doing business shows our investment and commitment to the independent insurance agent. ISU Quote&Bind eliminates the headaches of regional insurance coverage capacity, new market development, and at least half of the cost associated with producer management when used as business-to-consumer direct sales platform, which facilitates a national reach in the chosen vertical market."

ISU preferred carriers presently binding commercial policies from all 420 ISU IAN Members locations include AmTrust, Chubb, CNA, Employers, Great American, Liberty Mutual, Nationwide and Travelers. ISU plans to add more preferred carriers and expand lines of business on the platform throughout 2023 and 2024. ISU is the first organization in the country to quote and bind Great American's business owner's policy digitally. Members will also be the first group to access the latest digital products from the leading commercial carriers in America.

"We are excited to partner with ISU IAN to enable ISU members to digitally connect with their preferred carriers to maximize placement profitability and expand their books of business," says CoverForce CEO Cyrus Karai. "This partnership embodies our mission to strengthen the independent agent with digital capabilities."

Every ISU Member Coast to Coast™ is now taking advantage of the ISU Quote&Bind platform's convenience and speed to access preferred carriers and products, assure data security, usage control, and preferred compensation and coverage terms. In addition to quick and accurate access to bindable products, the ISU Quote&Bind platform incorporates the ISU Commercial Lines Placement Advisor©, a proprietary system delivering the most up to date carrier appetite guide on the market driven by industry classification, state, and line of business.

About ISU Insurance Agency Network:

Founded in 1978, the mission of the ISU Insurance Agency Network (ISU IAN) is to help the independent insurance agent thrive. ISU is the largest independently owned and operated independent insurance agency network representing approximately $8 billion in written P&C premiums across 240+ members in 41 states. All ISU Members receive the best-in-class insurance solutions while leveraging the business benefits that come with being part of a large national organization to complement their local presence and independence.

Visit www.joinisu.com for more information.

About CoverForce:

CoverForce is the first core insurtech API platform working to bridge the gap between insurance distributors and their preferred P&C carrier partners. CoverForce was founded in 2020 at the University of Pennsylvania's Innovation Lab, in conjunction with insurance industry veterans from Travelers and The Hartford, and experienced software engineers from Amazon and Google. Investors include NYCA Partners (www.nyca.com), and QED Investors (www.qedinvestors.com).

For more information, visit www.coverforce.com.

Media Contact:

Ellen Rose

ellen@rosemediachs.compress@coverforce.com

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SOURCE ISU Insurance Agency Network