Fintech & Ecommerce

Global insurance company buys a digital insurance platform 

Aon will get access to the fast-growing, $200+ billion premium digital insurance market for small and medium-sized businesses

Digital insurance

Global insurance company buys a digital insurance platform. Source: shutterstock.com

Aon, a global professional services company providing a broad range of risk, retirement and health solutions, announced it has acquired CoverWallet, the leading digital insurance platform for SMBs. Along with that, the company will leverage CoverWallet’s platform to develop and scale innovative digital client experiences, supporting the firm’s Aon United growth strategy.

CoverWallet will also function as a growth-stage capability focused on delivering new sources of value to clients, expanding Aon’s addressable market. It will apply its data and analytics capabilities, technology, and operational expertise to the broader Aon digital client experience.

We started CoverWallet to reinvent commercial insurance. By building our customer-centric platform and leveraging advanced data science, beautiful design, and state-of-the-art technology, we have been able to simplify insurance. Aon's shared vision means we can continue pushing the boundaries of innovation into new markets and new products at a greater scalernrn
Inaki Berenguer, CEO and Co-Founder of CoverWallet

At the same time, it will accelerate the growth of CoverWallet’s core business by working with leadership across Aon’s geographies and global solution lines.

SEE ALSO:

Pay Space

6724 Posts 0 Comments

Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.