Exciting News – Zurich Insurance Group Invests in CoverWallet!

Zurich Insurance Group Invests in CoverWalletWe are thrilled to announce that Zurich Insurance Group has invested in CoverWallet and acquired a minority stake in the company, building on our commercial partnership in Europe that was announced in February.

Through our commercial partnership, CoverWallet extended its U.S. platform to Europe, enabling Zurich to provide small businesses with a platform to learn about types of policies, get quotes, purchase insurance, and manage their coverage, online, in minutes. The platform is currently live in Spain, and, bolstered by the investment, CoverWallet will continue to grow its international footprint, expanding to other European countries with Zurich.

Zurich, powered by CoverWallet, is an application of the B2B platform CoverWallet announced in May. With the platform, users benefit from real-time quoting, underwriting, binding, billing, and servicing capabilities. The Hanover Group was the first carrier to use the tech platform in the U.S., providing it to agents for its emerging micro-small commercial business, whereas Zurich leverages CoverWallet’s B2B platform to sell its policies directly to small businesses online.

We are excited to share this news and look forward to our continued work with Zurich!