CoverGo, a frontrunner in the global no-code insurance core platform for health, P&C, and life insurance, has recently secured a patent acknowledging the groundbreaking technology embedded in its platform. This cutting-edge technology introduces a unique approach to crafting insurance offerings through user-centric personal coverage components.
With its avant-garde API-led tech, CoverGo has already made waves across the international insurance landscape. The fresh patent ensures stringent legal protection, a pivotal move as CoverGo sets its sights on broader horizons.
The patent-protected CoverGo product builder is a game-changer for the insurance sector. It streamlines IT protocols that have traditionally been bottlenecks for product debuts. This state-of-the-art, no-code tool with intuitive drag-and-drop capabilities empowers users to efficiently design, adjust, and roll out products. The results? Cost efficiencies, rapid market penetration, and a competitive edge.
Furthermore, the patent covers various facets of CoverGo’s tech suite, such as the removal of free-text spaces. This innovation allows insurers to scrutinize documents data-wise, guaranteeing richer analytics and data accuracy, all without demanding extensive tech overhauls.
Alex Montgomery, the brain behind CoverGo’s patented framework, remarked, “Conventional insurance systems often posed hurdles and hefty costs in devising new insurance offerings or tailoring coverage for large clientele. CoverGo’s intuitive product builder dispenses with expensive coding alterations, enabling users to shape products seamlessly, complete with integrated claims processing and self-management tools.”
About CoverGo
CoverGo provides a no-code insurance platform aimed at streamlining insurance processes from end to end. It offers a fully configurable, API-driven platform with tools for building and launching insurance products swiftly, managing policies and claims, enabling omnichannel distribution, and integrating with various systems seamlessly. The platform caters to different insurance sectors including health, property & casualty, and life insurance, allowing for faster product deployment and business automation while ensuring high security standards.
Our Perspective:
“In the rapidly evolving digital landscape, CoverGo’s approach is a breath of fresh air. At Pinnacle Digital Advisors, we firmly believe that consumer-friendly solutions lie in the amalgamation of innovation with user-centricity. CoverGo’s no-code platform exemplifies this by making insurance product creation not only efficient but also intuitive. By reducing barriers and streamlining processes, CoverGo is not just reshaping insurance; it’s setting a benchmark for the industry’s future.”
Pinnacle Digital Advisors
Article originally posted: https://covergo.com/news/covergo-obtains-patent-for-product-builder