Brooks Insurance has launched its Quote & Bind platform, powered by CoverForce, a VC-backed insurtech.
CoverForce delivers direct API access to quote, bind and issue policies with leading US carriers and Brooks is a nationally recognised wholesale insurance brokerage. Brooks is also wholly owned by Venbrook Group.
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In addition, the Quote & Bind platform gives a digital tool for Brooks’ agency partners and small business clients that simplifies the process of collaboration for coverage.
Policy options include:
- Business Owners Policies;
- General liability;
- Workers comp, and
- Cyber insurance.
“The collaboration with CoverForce gives our clients and customers an easier and quicker way to view the options available to them,” said David Rosen, President and Managing Director of Brooks Insurance. “No more back and forth or paper documents. It’s the way business is being done now – automated, accurate, and available at any time. It especially shows our commitment to the independent insurance agent who wants to bind coverage immediately and accurately and it opens doors to a variety of carriers.”
“We are thrilled to partner with Brooks,” said Cyrus Karai, CEO and Co-Founder of CoverForce. “Their commitment to building a digital solution, with instant carrier access and one-click convenience, will help their agents, brokers, and business customers to engage with increased speed and work more efficiently.”
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By GlobalDataAnother insurtech, Sixfold, a start-up specialising in generative artificial intelligence (GenAI) for insurance underwriting, has secured $15m in Series A funding.
The funding round was led by Salesforce Ventures and supported by Scale Venture Partners, along with existing investors including Bessemer Venture Partners and Crystal Venture Partners.
Sixfold plans to use the funding to bolster its AI and ML engineering team, product capabilities, and research and development initiatives.
The investment will also facilitate Sixfold’s expansion into the UK and EU markets.
