Insurtech CoverGo is Having a Moment
Hong Kong-based CoverGo has a reason to celebrate. Actually some 1,000 reasons to celebrate. The insurance app, currently in beta mode, has over 1,000 users, according to founder and CEO Tomas Holub. Let’s break it down. CoverGo, launched in Feb., is a digital insurance management app. In the same playground with these brands. It primarily allows the storage of policy docs and the ability to understand coverage gaps. Also, it has both a B2C and a B2B2C component. You see, financial advisors and agents can use the app to manage their clients’ policies, for a fee that is, starting from HK$100 (~$12). In fact, around 30 insurance firms are already users. What’s next? expansion to Malaysia and Taiwan, and the incorporation of a chatbot to support users’ questions. Bottom Line: in beta.
