# CoverWallet an Aon company

> CoverWallet is the digital commercial-insurance brokerage and technology business acquired by Aon in January 2020. Founded by Iñaki Berenguer and Rashmi Melgiri, it combined carrier comparison and online purchase with policy administration, then supplied tools to independent agents and insurer partners. The CoverWallet website now routes visitors to Aon Affinity.

- **Founded:** 2015
- **Headquarters:** New York, United States
- **Founders:** Iñaki Berenguer (Co-founder and founding CEO; departure reported in December 2021), Rashmi Melgiri (Co-founder)
- **Products:** Business insurance brokerage, Online insurance Wallet, CoverWallet for Agents, Partner insurance platforms, Commercial insurance API
- **Notable:** Built a platform serving tens of thousands of web-based customers by January 2020, according to investor USV., Expanded through partner platforms in Spain, Switzerland and Australia before acquisition., Won the 2017 Benzinga Best Insurtech Solution award, as reported in the Series B announcement.

## Products & services

- **Business insurance brokerage** — Online access to commercial insurance from carrier partners, historically including general liability, workers’ compensation, BOP, professional liability, property and commercial auto. The current website routes to Aon Affinity.
- **Online insurance Wallet** — Policy administration including documents, billing information, payment tracking, certificates of insurance and endorsement requests.
- **CoverWallet for Agents** — Launched in December 2018 for independent agents to obtain carrier quotes and place policies; launch-era access was free with shared carrier commissions.
- **Partner insurance platforms** — Co-branded digital distribution for carriers and brokers, including Zurich in Spain and Switzerland and Aon in Australia.
- **Commercial insurance API** — Announced in June 2018 to allow businesses to integrate insurance services into websites and applications.

## Achievements

- Built a platform serving tens of thousands of web-based customers by January 2020, according to investor USV.
- Expanded through partner platforms in Spain, Switzerland and Australia before acquisition.
- Won the 2017 Benzinga Best Insurtech Solution award, as reported in the Series B announcement.
- Acquired by Aon in January 2020 following a commercial partnership.

## Latest updates

- **2021-12** — AM Best reported the departure of founding CEO Iñaki Berenguer.
- **2023-03** — Berenguer published a retrospective on CoverWallet and the first wave of insurtech in Carrier Management.
- **2025-03** — Functional Finance published co-founder Rashmi Melgiri’s account of insurance back-office challenges at CoverWallet; this is a founder retrospective, not a CoverWallet product launch.
- **2026-10** — Research observation on October 25: coverwallet.com redirects to an Aon Affinity business-insurance page with an existing-policy route. The redirect’s start date is not established.

## Links

- Website: https://www.coverwallet.com/
- LinkedIn: https://www.linkedin.com/company/coverwallet/
- Twitter/X: https://twitter.com/coverwallet
- Facebook: https://www.facebook.com/coverwallet

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Published by YesPress — https://yespress.io
Last updated: 2026-10-25