Covertech Australia

Insurance broker automation and data tools for the Australian general insurance market.

Distribution & Sales Startup Bootstrapped

Overview

Covertech Australia is a Brisbane-based B2B software provider delivering broker automation and data intelligence tools for the Australian general insurance market. The company targets general insurance brokers seeking to reduce manual quoting effort and improve market access across multiple insurer platforms.

The platform centres on Proceso, a quoting automation tool that connects brokers to insurer portals and broker management systems through native integrations, and Coverdata, an AI-assisted reference library that maps client occupations to suitable Australian insurers and generates underwriting questions. The company also operates affiliated brokerage brands -- Australian Landlord Insurance and Oncover Insurance Brokerage -- that broaden its distribution footprint.

Founded in 2022 and publicly launched in October 2023, Covertech operates on a bootstrapped model. The company was selected as one of eight Australian insurtechs to attend the Insurtech Connect (ITC) Las Vegas 2023 conference as part of an Insurtech Australia delegation. Covertech serves brokers connected to the Steadfast Group network and has announced expansion plans into New Zealand and the United States.

Products & Services

Proceso

Proceso (proceso.com.au) is a quoting automation platform for Australian general insurance brokers. It eliminates manual quoting steps by providing a single interface for brokers to submit risk information and obtain quotes across multiple insurers and platforms.

Key Features

Automated quoting workflows reducing time-to-quote for general insurance brokers
Manual quoting mode (Version II) for generating quotes without requiring direct insurer platform integration
Broker-controlled risk information input across multiple insurance product types
Native integration with Steadfast Insight broking management platform
Connections to SCTP, Sunrise, and Australian insurer portals
Planned expansion into cyber, individual personal accident, and professional indemnity products

Target Users: Australian general insurance brokers seeking faster, more independent quoting capabilities.

Coverdata

Coverdata is an AI-assisted market reference library for Australian insurance brokers, providing data-driven support for coverage decisions and client risk assessment.

Key Features

Directory of Australian general insurers and underwriting agencies
Risk class database with insurer preferences and appetite data
AI-powered occupation-to-insurer matching for client coverage recommendations
Automated generation of underwriting questions for risk assessment

Target Users: Brokers requiring data-driven decision support when advising clients.

Coverforms

Coverforms is a digital forms product within the Covertech suite, designed to streamline documentation and data entry for insurance broking operations.

Target Users: Australian insurance brokers requiring digital form handling.

Australian Landlord Insurance

A specialist brokerage brand within the Covertech family providing landlord insurance products to investment property owners.

Oncover Insurance Brokerage

A general insurance brokerage brand operating under the Covertech umbrella, with access to quotes from over 50 insurers and underwriting agencies. Oncover serves businesses and individuals in Brisbane and the broader Australian market.