The infrastructure platform wiring commercial insurance - one API that lets agencies quote, pay, bind, and issue policies with carriers in minutes, not months.
Commercial insurance is one of the largest markets in the American economy - more than $960 billion in annual written premiums - and much of it still moves the way it did decades ago: emailed PDFs, retyped applications, carrier portals opened one browser tab at a time, and quotes that can take weeks to assemble. CoverForce, a New York insurtech founded in 2021, set out to replace that friction with a single digital rail.
The company builds the infrastructure and connectivity between insurance carriers and the agencies, brokers, and wholesalers who distribute their products. Through one platform and one API, a producer can generate, compare, and bind commercial policies - workers' compensation, general liability, business owner's policies, cyber, and more - across a growing network of national carriers. What used to be a month-long process, the company says, becomes a matter of minutes.
It is unglamorous work by design. CoverForce is not a consumer app; it is the layer underneath, the connective tissue that lets the rest of the industry move faster. That focus on infrastructure, rather than a flashy front end, is precisely what drew a $13 million Series A from Insight Partners in March 2025.
Selling a commercial policy has long meant doing the same tedious work over and over for every carrier. CoverForce collapses that into a single submission.
CoverForce meets customers where they are - a full white-label platform, a headless API for developers, or AI modules layered on top.
A standalone, unified API that lets developers, insurtechs, banks, and PEOs generate, compare, and bind commercial quotes across every integrated carrier.
Launched 2023White-label software for brokers and agencies to quote, compare, and bind multiple commercial lines from a single interface.
Launched 2023Tools for agency networks and wholesalers to manage carrier panels, control access, and route submissions across member agencies.
Launched 2023Software that lets carriers digitize distribution and expose quote-and-bind capabilities to their agency channels.
Launched 2023Document reading at 95%+ accuracy, submission automation, and accelerated carrier integrations - saving 11,000+ hours a month.
Expanded 2025We've built strong relationships with our customers, and they trust us to solve real pain points. Our team has a track record of executing at a high level.
— Cyrus Karai, Co-Founder & CEOCoverForce serves the full spread of commercial insurance distribution: brokers and agencies, agency networks, wholesalers, insurtechs and developers, banks, PEOs, and agency management systems. The platform supports more than 9,600 producers and 15,000+ agencies nationwide, with over $500 million in gross quoted premium flowing through it.
The business is B2B software and API infrastructure. CoverForce monetizes access to its carrier-connected marketplace through platform subscriptions, white-label licensing, and usage-based API integrations for enterprise carriers. Revenue scales with the volume of quote-and-bind transactions and premium moving across the network. Notably, the company reached seven figures in sales with minimal marketing spend - a sign the product was solving a problem customers were actively hunting for.
A 2023 seed set the foundation; the 2025 Series A funds carrier expansion and AI.
Series A investors: Insight Partners (lead), Nyca Partners, Gaingels, Sidekick. Seed investors also included QED Investors, Muir Capital, and Moving Capital.
Three co-founders pairing carrier-side operating experience with software built at scale.
Leads strategy and go-to-market, and is the public face of the company's push to modernize commercial insurance distribution.
Former software development manager at Amazon, responsible for the engineering behind CoverForce's API and platform.
Former EVP of global small and middle market business centers at Travelers, bringing deep carrier-side insurance expertise.
Cyrus Karai, Kaivan Wadia, and Behram Dinshaw set out to modernize commercial insurance distribution.
Nyca Partners leads a $5M seed as CoverForce launches its commercial insurance API and platform suite.
The platform grows its carrier integrations and adds thousands of producers and agencies.
CoverForce raises Series A funding and rolls out AI modules for documents, submissions, and integrations.
CoverForce sits in the infrastructure and connectivity corner of insurtech, alongside quote-and-bind platforms like Bold Penguin, Semsee, Tarmika, Ascend, and Herald - and against the legacy carrier portals and agency-management-system integrations it aims to replace. Its edge is breadth of carrier connectivity paired with flexible deployment: the same rails power a full white-label platform, a headless API, and enterprise custom builds.
The founders' backgrounds reinforce the position. A former Travelers executive understands exactly where the industry's workflows break, while an ex-Amazon engineer knows how to build software that scales. That combination - domain trust plus engineering discipline - is hard for either a pure-tech startup or a legacy carrier to replicate. CoverForce is also SOC 2 compliant, a table-stakes requirement for handling insurance data at scale.
Looking for interviews or a product demo? CoverForce does not currently publish an official YouTube channel or public demo video. Watch the company website and its LinkedIn page for demos and announcements.