CoverHound is an online platform for comparing and purchasing insurance, built to deliver fast, accurate, and rates from US carriers based on specific needs. On November 9th, 2020, CoverHound was acquired by Brown & Brown Insurance. Terms of the transaction were not disclosed.
Research containing CoverHound
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned CoverHound in 2 CB Insights research briefs, most recently on Sep 3, 2021.
Expert Collections containing CoverHound
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
CoverHound is included in 2 Expert Collections, including Insurtech.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest CoverHound News
Sep 15, 2023
Reinsurance News Sayata, a marketplace for insurance brokers and carriers, has announced the addition of Manny Johl to the Carrier Relations department as Head of Partnerships. In his new role, Johl will drive initiatives to bring in and onboard new carrier partners, as well as steward and deepen current relationships to deliver more coverages and innovative insurance products to Sayata’s broker partners. Sayata aims to deliver rapid growth to insurance brokers and carriers that focus on small-to-medium businesses. Its platform streamlines the quote-bind-issue process, allowing insurance professionals to seamlessly place more insurance policies in a fraction of the time. As Head of Partnerships, Johl will report to Chief Commercial Officer Upasana Unni, who commented: “Manny’s depth and breadth of experience across insurance companies and insurtechs alike will help Sayata expand its business insurance footprint. “He’s already worked with insurers to bring their products into technological arenas. We’re excited to expand into more commercial lines with a greater diversity of coverage options to continue bringing unique business insurance products to a wider range of industries.” Prior to joining Sayata, Johl was Chief Revenue Officer at CoverHound and its wholly-owned subsidiary, CyberPolicy. There, he secured and grew relationships with over 60 insurance carrier partners, including blue-chip financial institutions and technology companies, leading to the acquisition of CoverHound by Brown & Brown, Inc.. Before entering the insurance technology space, Johl held underwriting roles at ICW Group and Travelers, focused on a wide variety of commercial coverages, including Commercial Package, Workers’ Compensation & Executive Liability Insurance. Commenting on his appointment, Johl said: “Sayata is lighting the way for brokers and their agents to find new levels of value and efficiency in reducing risk for the insured while optimising the distribution flow for all. I’m excited to work deeply with our carrier partners to create and maximise that value.” Share this:
CoverHound Frequently Asked Questions (FAQ)
When was CoverHound founded?
CoverHound was founded in 2010.
Where is CoverHound's headquarters?
CoverHound's headquarters is located at 1 California, San Francisco.
What is CoverHound's latest funding round?
CoverHound's latest funding round is Acquired.
How much did CoverHound raise?
CoverHound raised a total of $117.75M.
Who are the investors of CoverHound?
Investors of CoverHound include Brown & Brown Insurance, Paycheck Protection Program, Chubb, Aflac Innovation Partners, Hiscox Holdings and 14 more.
Who are CoverHound's competitors?
Competitors of CoverHound include Jerry and 5 more.
Compare CoverHound to Competitors
The Zebra provides an online insurance comparison platform. Its product provides real-time rates, and educational resources to inform consumers while at the same time helping them find the coverage, service level, and pricing to suit their needs. Its product simultaneously helps the insurance companies connect with their consumers too. The company was founded in 2012 and is based in Austin, Texas.
Insurify offers insurance services. It provides an insurance quotes comparison platform and virtual insurance agent along with a personalized quote list and performs comparisons of competitive carriers. Insurify was formerly known as Ensurify. It was founded in 2013 and is based in Cambridge, Massachusetts.
Jerry is a mobile application for car services. It offers car maintenance and insurance solutions. It provides a cloud-based comparison shopping platform for choosing the desired car services. It was founded in 2017 and is based in Palo Alto, California.
Caribou operates as a technology company enabling users to shop and compare insurance quotes from trusted carriers. It partners with lenders, such as credit unions and community banks, to bring customers cheap rates and monthly payments helping them in their auto refinances. It was formerly known as MotoRefi. The company was founded in 2016 and is based in Washington, DC.
Insure.com is a company that operates in the insurance industry, providing a platform for comparing insurance policies. The company offers services that allow users to compare and shop for various types of insurance, including auto, health, home, and life insurance. The platform provides information on different insurance companies, their offerings, and customer reviews, helping users make informed decisions. It was founded in 2015 and is based in Foster City, California.
Marble is a technology company that focuses on automating food processing tasks, specifically within the meat industry. The company offers intelligent software combined with food-grade hardware to automate entire processes, integrating AI, computer vision, robotics, data analytics, and advanced process engineering to overcome challenges like product variability and task complexity. Marble primarily serves the food processing industry. It was founded in 2019 and is based in Lincoln, Nebraska.