# CoverForce

> CoverForce is a New York-based insurtech building the digital infrastructure that connects commercial insurance carriers, agencies, and wholesalers. Its API marketplace and white-label platforms let brokers instantly quote, compare, pay, bind, and issue commercial policies - collapsing month-long, paper-based workflows into minutes across lines like workers' compensation, general liability, cyber, and business owner's policies. Backed by Insight Partners and Nyca Partners, the company supports thousands of agencies and integrates with national carriers including AmTrust, Chubb, Liberty Mutual, and Travelers.

- **Founded:** 2021
- **Headquarters:** New York, New York, United States
- **Founders:** Cyrus Karai (Co-Founder & CEO), Kaivan Wadia (Co-Founder & CTO (former software development manager at Amazon)), Behram Dinshaw (Co-Founder & Chairman (former EVP of global small and middle market business centers at Travelers))
- **Team size:** ~51 employees
- **Products:** Headless Insurance API, Agent & Agency Platform, Network & Wholesaler Platform, Carrier Platform, AI Modules
- **Notable:** Raised $18.05M total across Seed and Series A rounds, Series A led by Insight Partners with Nyca Partners, Gaingels, and Sidekick, Integrated 20+ commercial insurance carriers including AmTrust, Chubb, Liberty Mutual, and Travelers

## Products & services

- **Headless Insurance API** — A standalone, unified API that lets developers, insurtechs, banks, and PEOs generate, compare, and bind commercial insurance quotes across 20+ integrated carriers.
- **Agent & Agency Platform** — White-label software for brokers and agencies to quote, compare, and bind multiple commercial lines from one interface.
- **Network & Wholesaler Platform** — Tools for agency networks and wholesalers to manage carrier panels, control access, and route submissions across their member agencies.
- **Carrier Platform** — Software that lets insurance carriers digitize distribution and expose quote-and-bind capabilities to their agency channels.
- **AI Modules** — AI-powered document reading with 95%+ accuracy, submission automation, and accelerated carrier integrations - saving 11,000+ hours per month.

## Achievements

- Raised $18.05M total across Seed and Series A rounds
- Series A led by Insight Partners with Nyca Partners, Gaingels, and Sidekick
- Integrated 20+ commercial insurance carriers including AmTrust, Chubb, Liberty Mutual, and Travelers
- Supports 9,600+ producers and 15,000+ agencies nationwide
- $500M+ in gross quoted premium processed through the platform
- AI document reading at 95%+ accuracy, saving 11,000+ hours per month
- Reached seven figures in sales with minimal marketing spend
- SOC 2 compliant
- Reported highest-possible NPS from customers in an Insight Partners survey

## Latest updates

- **2025-03** — Closed a $13M Series A led by Insight Partners to expand carrier integrations, onboard more distributors, and invest in AI-driven workflow tools.
- **2025** — Rolled out AI modules for document reading, submission automation, and faster carrier integrations, saving customers 11,000+ hours per month.
- **2023-11** — Raised a $5M seed round led by Nyca Partners and launched its commercial insurance product suite.

## Links

- Website: https://www.coverforce.com
- LinkedIn: https://www.linkedin.com/company/coverforceinc

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Profile page: https://yespress.io/coverforce
Published by YesPress — https://yespress.io
Last updated: 2026-07-21