CHESTERFIELD, Mo., Sept. 10, 2021 /PRNewswire/ — iCover, a Missouri-based Insurtech that gives an algorithmic underwriting Platform as a Service (paas) for all times insurance coverage firms, raised an undisclosed quantity in seed funding. The corporate intends to make use of the funds raised to develop insurance coverage distribution via a direct-to-consumer providing, enhance technical employees and develop gross sales and advertising and marketing efforts.
iCover additionally introduced a multi-year partnership with KSKJ Life, headquartered in Joliet, IL, that permits iCover to onboard KSKJ Life’s full suite of merchandise which incorporates Last Expense, Time period Life, Entire Life and Annuities on the platform to digitize their new enterprise processes.
“We’re excited concerning the partnership we now have established with the iCover crew. The expertise and experience that they provide, from the platform to enterprise growth, help our progress methods and dedication to supply glorious service to our members and brokers.” (Tony Mravle, CEO for KSKJ Life)
“KSKJ Life is a perfect associate for iCover, they’ve an modern mindset, agile method to supply and the suite of merchandise that would assist improve the iCover platform.” (Hari Srinivasan, CEO for iCover)
About iCover
iCover is a cloud-based algorithmic underwriting platform that helps insurers promote to the center market. By leveraging knowledge and predictive analytics iCover can quote, underwrite, and ship life insurance coverage in beneath 5 minutes. iCover was constructed by trade insiders Hari Srinivasan and Nicole Mwesigwa who utilized their 30+ years of InsurTech expertise and intimate information of automated underwriting applied sciences. To be taught extra about iCover, go to www.icoverinsure.com.
About KSKJ Life
KSKJ Life is a Christian, community-focused life insurance coverage firm that has supplied monetary safety to its members and their households for over 127 years. Licensed to do enterprise in 19 states throughout the US, KSKJ Life has skilled large monetary progress over the previous decade reaching over $551 million in belongings. Based in Joliet, Illinois, KSKJ Life affords aggressive life insurance coverage and retirement merchandise, premier customized service and significant member advantages and packages, with over 50,000 members nationwide.
As a not-for-profit group, KSKJ Life makes a distinction by reinvesting again into native communities and is devoted to persevering with its mission by serving to households obtain monetary safety via the introduction of latest merchandise, elevated expertise and growth of distribution channels. For extra particulars, go to www.kskjlife.com .
HARI SRINIVASAN
CEO and Founder
[email protected]
314.255.3861
SOURCE iCover
