CoverGo, a global no-code insurance SaaS platform for P&C, health, and life, is expanding to the Middle East after a $15 million Series A funding, with a Middle East insurance fund Noria Capital joining as one of the strategic investors.
CoverGo has recently set up its presence in the Dubai International Financial Centre (DIFC) and became part of DIFC FinTech Hive, the financial technology accelerator in the Middle East, Africa and South Asia region.
Middle East insurance companies are realizing now more than ever that custom IT development is too slow and costly while rigid legacy systems can’t satisfy changing customer needs and product requirements.
CoverGo has been adopted by a growing number of P&C, health, and life insurance companies and emerging InsurTech companies across the globe to build and launch all types of insurance products within days, develop omnichannel distribution and digitise policy admin and claims. CoverGo’s clients include AXA, Bupa, MSIG (MS&AD), Dai-ichi Life, DBS Bank, Bank of China Group Insurance, and many others.