CoverGlobal

AI-powered decision engine for insurers

Claims Technology Startup Seed

Overview

CoverGlobal (COVR) is an AI-powered decision engine for the insurance industry, targeting carriers and insurers that need to automate and accelerate decisions across underwriting, coverage determination, and claims. Founded in 2024 and headquartered in London, the platform processes fragmented, unstructured insurance data and applies machine learning to produce explainable coverage and liability decisions in real time.

The platform is delivered as a modular, API-integrated system designed to layer on top of existing insurer infrastructure without requiring a full system replacement. Core modules handle document ingestion and structuring, coverage determination, case triage and routing, and contents settlement automation. Deployment options include REST API integration, a web application UI, document ingestion pipelines with SharePoint support, and file-based outputs in CSV, JSON, and PDF formats.

COVR secured a GBP 1.8 million (USD 2.5M) seed round in June 2025 led by insurance-focused VC MTech Capital, with participation from B Capital. The company reports deployment with major insurers in the UK, Spain, Japan, and Australia, and plans to expand into the US and additional European markets.

Products & Services

Decision Engine

AI decision engine that applies machine learning and embedded decision logic to insurance questions in real time. The platform converts unstructured insurance documents and data into structured, machine-readable inputs and produces explainable decisions with audit trails.

Key Features

Intelligent Document Decisions -- ingests and structures contracts, demands, policies, and invoices via API, web UI, or file upload (CSV, JSON, PDF), including SharePoint integration
Coverage Determination -- evaluates coverage applicability in real time, including exceptions and exclusions
Triage Allocation -- routes claims and cases to automated or manual handling based on urgency and complexity
Contents Settlement -- automates household and contents item valuation, replacement cost calculation, and payout determination

Target Users: Insurance carriers managing underwriting, claims, and coverage workflows

At a Glance

Founded: 2024
Headquarters: London, England, UK
Employees: 11-50
Funding: Seed

Category & Focus

Category: Claims Technology
Subcategories: Coverage Determination Claims Automation Document Intelligence Triage Automation
Insurance Verticals: P&C Commercial P&C Personal Specialty/E&S
Target Customers: Carriers