CoverForce

What CoverForce does

CoverForce is a New York-based commercial insurance distribution infrastructure platform founded in 2021 by Cyrus Karai, Behram Dinshaw, and Kaivan Wadia. The company operates an API-first platform that connects retail agents, agency networks, wholesalers, insurtechs, and carriers through unified connectivity to more than 25 carriers across six lines of business — Workers' Comp, Business Owners Policy (BOP), Commercial General Liability (CGL), Cyber, Medical Professional Liability (MPL), and Builders Risk. Its offering is structured as a modular suite: four white-label software platforms (Agent, Network, Wholesaler, Carrier), a standalone Headless API, and AI capabilities for document reading and submission automation.

The platform addresses structural fragmentation in U.S. commercial insurance distribution, where agencies, wholesalers, and carriers traditionally interact through disconnected portals, emails, and PDF workflows. CoverForce's AI extracts data from ACORD forms and supplemental questionnaires with stated 95%+ accuracy, and the company centrally absorbs the typical 6–9 month carrier integration effort plus the 3–5 significant carrier API changes that occur per year. Reported scale metrics include 15K+ agencies supported, $500M+ in gross quoted premium processed, and 50+ unique carrier-LOB combinations in production.

CoverForce monetizes primarily through subscription-based platform licensing and enterprise API access, with pricing quoted on a per-request basis. The go-to-market is enterprise field sales targeting agency networks, wholesalers, and carriers, supplemented by white-label OEM deployments and a developer/API access program. The company has raised approximately $18 million across a January 2022 seed round led by Nyca Partners and a March 2025 financing led by Insight Venture Management, with additional capital from BrokerTech Ventures in March 2026. It was named to CB Insights' 2025 Insurtech 50 list and is led by co-founder and CEO Cyrus Karai.

Name

CoverForce

Legal name

CoverForce Inc.

Website

https://coverforce.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

CoverForce is a New York-based insurtech providing an API-first distribution infrastructure platform that connects agents, wholesalers, and carriers across 25+ commercial insurance carriers and six lines of business, via white-label software, a standalone API, and AI-powered document processing.

Ownership category

akta.pro rank

Product category

Insurance Distribution Infrastructure / Insurtech Software

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Carriers and Related Activities (524)

SIC

Insurance Agents, Brokers & Service (6411), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

Keywords

• Commercial insurance API
• Insurance distribution platform
• Insurtech infrastructure
• Carrier connectivity platform
• White-label insurance software

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Platform Licensing: CoverForce provides white-label software platforms (Agent Platform, Network Platform, Wholesaler Platform, Carrier Platform) to agencies, agency networks, wholesalers, and carriers. The platform enables digital insurance distribution workflows with quote, bind, and pay functionality.
2. API Access: Access to CoverForce's carrier API network enabling automated application intake, quoting, and binding across 25+ carriers and 6 lines of business. API access is granted upon request with enterprise engagement.
3. AI Capabilities: AI-powered tools for document reading, submission automation, and carrier integration acceleration provided as part of the platform capabilities.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

CoverForce provides an API-first insurance distribution infrastructure platform consisting of four modular white-label software products (Agent Platform, Network Platform, Wholesaler Platform, and Carrier Platform) plus a standalone Headless API and AI capabilities. The platform connects agencies, wholesalers, and carriers through a unified network enabling instant quoting, binding, and policy issuance across 25+ carriers and six commercial lines of business (Workers' Comp, BOP, CGL, Cyber, MPL, Builders Risk). It is sold to commercial insurance distribution stakeholders as subscription-based white-label software and API access.

Product overview

CoverForce is an Insurance Distribution Infrastructure Platform offering a modular, platform-plus-modules architecture. The core offering consists of four white-label software platforms (Agent Platform, Network Platform, Wholesaler Platform, and Carrier Platform) that provide end-to-end digital workflows for the commercial insurance distribution chain. These platforms are complemented by a standalone Headless API for programmatic access, AI capabilities for document processing and submission automation, and supporting reference tools (Carrier API Index and Appetite Guide). The platform enables agents, agencies, networks, wholesalers, and carriers to submit, quote, compare, and bind policies across 20+ integrated carriers and MGAs.

Differentiator

Problem solved

Functional benefit

Products and services

• Agent Platform White-label software platform enabling retail insurance agents to submit, quote, compare, and bind policies across top commercial carriers instantly through a single digital interface. Designed for retail brokers and independent agents placing commercial coverage for businesses.
• Network Platform Modular white-label software platform for agency networks to digitize insurance workflows end-to-end, with broker code extension and layered access capabilities for member agencies.
• Wholesaler Platform White-label platform enabling wholesale brokers and MGAs to extend digital capabilities to retail agents, allowing submission, quoting, comparison, and binding across carriers through API connectivity with clean, complete submissions and real binding potential.
• Carrier Platform Platform module connecting insurance carriers and MGAs to CoverForce's distribution network, enabling carriers to receive digital submissions and provide bindable quotes through API integration.
• CoverForce API Standalone Headless API providing access to 25+ appointed carriers within days through a single integration. Automates application intake, accelerates quoting, and provides instant access to bindable markets for agents, wholesalers, insurtechs, and developers.
• AI Capabilities AI-powered tools for document reading with 95%+ accuracy, submission automation, and carrier integration acceleration. Includes computer vision processing of ACORD forms, loss runs, and carrier-specific supplemental questionnaires, deployed across the commercial insurance value chain.

Quantifiable outcome

• 11K+ monthly hours saved for users
• +4 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Partnerships

Three partnerships are on record, tiered minor and core.

• BrokerTech VenturesminorStrategic or Co-development Partner · 31 March 2026BrokerTech Ventures announced CoverForce as part of their 2026 Accelerator Cohort of nine insurtech startups selected to participate in their broker-led accelerator program. Each participant receives $50,000 in seed funding and access to BTV's distribution network to test and deploy their technologies.
• Skyscraper InsurancecoreChannel Partner/ Reseller/ Distributor · 25 September 2025Skyscraper Insurance launched on the CoverForce Agent Platform, gaining instant access to top appointed carriers through a single digital interface. The partnership enables streamlined workflows, one-click quote, bind, and pay functionality, and dedicated customer success support from CoverForce. Skyscraper Insurance was founded by Chaim Berkovic and Joseph Fisch.
• Carriers (CHUBB, GAIG, Hiscox, Great American, CompWest, Accident Fund)coreTechnology or IntegrationCoverForce maintains live integrations with 25+ carriers across 6 lines of business. Major carriers including CHUBB, GAIG, Hiscox, Great American, CompWest, and Accident Fund are integrated across multiple lines of business. Carriers like CHUBB, GAIG, and Hiscox are connected across four lines of business each, enabling real-time quoting and binding through the CoverForce API platform.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Applied Systems: Applied Systems is a leading provider of agency management and insurance workflow software serving large portions of the agency ecosystem. Its Applied Epic and connectivity offerings overlap with CoverForce's white-label distribution platform vision.
• Zywave: Zywave is an established insurtech providing a suite of agency-facing tools including commercial lines rating, content, and client delivery platforms. It competes as a broader incumbent in the agency technology stack where CoverForce operates.
• Vertafore: Vertafore is one of the largest insurance technology providers, owning agency management systems (AMS360, Sagitta), comparative rating (PL Rating), and carrier connectivity. It competes with CoverForce across multiple layers of the commercial insurance stack.

Emerging players

• Socotra: Socotra is a cloud-native insurance core platform used by insurers and MGAs to launch new products. While more carrier-side, it serves similar insurance distribution infrastructure customers and competes for insurtech-developer mindshare.
• AgentSync: AgentSync modernizes insurance producer onboarding, licensing, and appointment management. While adjacent rather than directly overlapping in commercial quoting, it sits in the same carrier-to-agent infrastructure layer and competes for distribution relationships.
• Indio Technologies: Indio provides digital commercial insurance workflows including application intake and submission automation, with strong overlap to CoverForce's AI-driven submission automation value proposition for agencies.
• Boost Insurance: Boost Insurance provides embedded insurance infrastructure for digital platforms, including carrier access and API connectivity. It overlaps with CoverForce's insurtech-developer and embedded insurance use cases from a different angle.

Direct peers

• PL Rating: PL Rating (by Vertafore) is a commercial lines comparative rater used by thousands of agencies to quote multiple carriers from a single data entry. It competes head-to-head with CoverForce's quoting and binding workflows for retail agents.
• Tarmika: Tarmika is a comparative rating and quoting platform for commercial insurance agencies, providing multi-carrier quote workflows. It directly overlaps with CoverForce's Agent Platform and Wholesaler Platform for commercial line rating and bind.
• Ivans: Ivans is a long-standing insurance industry data exchange that connects agencies and carriers for download, messaging, and now API-based workflows. It is the most direct comparable to CoverForce's API-first carrier connectivity value proposition in commercial lines.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/coverforceinc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds3 records

Investors10 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CoverForce