(Image source: iCover homepage.)
iCover (Chesterfield, Mo.), an InsurTech that provides an algorithmic underwriting Platform as a Service (PaaS) for life insurance companies, has raised an undisclosed amount in seed funding. The company says it will use the funds raised to expand insurance distribution through a direct-to-consumer offering, increase technical staff and expand sales and marketing efforts.
The iCover platform is designed to help insurers sell to the middle market. By leveraging data and predictive analytics iCover can quote, underwrite, and deliver life insurance in