HARTFORD, Conn., April 18, 2019 — Covr Financial Technologies, a leading insurtech firm in the life insurance space, has opened its corporate office in the NassauRe building in downtown Hartford. Covr focuses on delivering simplified life insurance and long-term care solutions for financial institutions, financial advisors and clients.
Covr will have approximately 15 jobs in Harford, including their executive office, marketing team, national sales team and predictive analytics/product management team. “The thriving insurance and insurtech community in Hartfordmakes this the ideal place for us as we continue to grow,” said Covr CEO Mike Kalen. “We are thrilled to be here in the heart of this exciting time. The job market for talent, while competitive, is important for Covr. We are finding that there’s talent at every level in Hartford, and that’s critical for our growth and success.”
Covr Technologies was founded in Boise, ID and maintains a significant presence there with additional sales staff, their technology group and customer service functions. “The two locations seem to work perfectly together to get us the talent needed to succeed,” Kalen said.
“We’ve worked with many partners to make Hartford a hub for insurtech innovation, and we are thrilled that Covr is adding to that momentum,” said Hartford Mayor Luke Bronin. “Covr is a young but established company, and the fact that they chose Hartford shows that the ecosystem we’re building is attractive to companies at many stages of growth.”
Glendowlyn L.H. Thames, executive director of CTNext, said, “We’re delighted that Covr recognizes that the capital city, the state, and our local insurance companies are working together to ensure Hartford retains its technological leadership in the industry. And we’re so pleased they appreciate the depth of insurtech talent we offer.”
Kalen went on to say, “Hartford has many attractive components of a successful eco-system, including Startupbootcamp’s Insurtech Hub, NassauRe’s new Imagine incubator, UConn’s insurtech MBA, and many other attractive pieces of the puzzle for a company like ours.”
About Covr Financial Technologies
Covr is a digital life insurance platform that simplifies, grows, and manages the life insurance business. Covr partners with financial institutions that share the belief that life insurance should be both simple and transparent. Through Covr’s technology, financial advisors and their clients can research and purchase affordable life insurance from well-known insurance companies without the hassles of the traditional process – all within a matter of minutes. Covr’s investors include four leading venture capital firms: Nyca Partners, Commerce Ventures, Connectivity Capital Partners and Contour Venture Partners. The Covr Advisory Board includes several well-recognized leaders in financial services and insurance, including Chairman Brian Finn, former president of Credit Suisse First Boston; Sallie Krawcheck, CEO and co-founder of Ellevest as well as senior executive roles at Bank of America, Citigroup and Smith Barney; Hans Morris, managing partner, Nyca Partners, chairman of Lending Club, formerly president of Visa; Brady Dougan, former CEO of Credit Suisse. Covr has offices in Boise, ID and Hartford, CT.
For more information about Covr Financial Technologies, go to www.covrtech.com
SOURCE Covr Financial Technologies