Property and casualty insurtech CoverHound has secured a further $58m in a series D funding round led by Hiscox, with participation from Chubb, Aflac Ventures and MS&AD. The company is also working on an app that will allow users to track their property insurance claims online. The platform has sold more than 200,000 policies since launching in 2010. The funding will facilitate the insurtech’s expansion in global markets and push partnerships with well-known banks, insurers, and technology providers in 2019.
Property and casualty insurtech CoverHound has secured a further $58m in a series D funding round led by Hiscox, with participation from Chubb, Aflac Ventures and MS&AD. CoverHound’s digital platform offers insurance shoppers instant quotes from US P&C insurers. The platform has sold more than 200,000 policies since launching in 2010. The funding will facilitate the insurtech’s expansion in global markets and push partnerships with well-known banks, insurers, and technology providers in 2019.