iCover Raises Undisclosed Seed Funding
- iCover, a Chesterfield, MO-based insurtech that provides an algorithmic underwriting Platform as a Service, raised a seed funding of undisclosed amount
- The backers were not disclosed
- The company intends to use the funds to expand insurance distribution through a direct-to-consumer offering, increase technical staff and expand sales and marketing efforts
- Led by Hari Srinivasan, CEO, the company is a cloud-based algorithmic underwriting platform that helps insurers sell to the middle market
- By leveraging data and predictive analytics, the system can quote, underwrite, and deliver life insurance quickly
- The company also announced a multi-year partnership with KSKJ Life, headquartered in Joliet, IL, that allows iCove’r to onboard KSKJ Life’s full suite of products
