CoverWallet for Agents Platform to shut down temporarily
In an email sent to CoverWallet agents, the company announced that it is “redesigning the Platform,” stating that its goal is to introduce a “revamped best-in-class digital agent solution” that provides on-demand experience and leverages Aon’s scale and network.
As such, beginning Monday, October 3, 2022, new business submissions are restricted, and the addition of new agencies will be paused. This, according to the company, will allow it to “devote” its resources to the development of a new insurance submission platform.
CoverWallet , which was acquired by Aon in 2019, anticipates launching its new platform in late 2023.
The action follows a semi-growing interest in SEMCI players. Recently, Applied purchased Tarmika, At-Bay acquired Relay, while in the past, Coalition acquired Attune and AmFam acquired Bold Penguin.