Insurtech CoverWallet launches commercial insurance application

New York-based insurtech startup CoverWallet, an online platform helping small businesses to understand, buy and manage insurance, has launched the first application programme interface (API) for commercial insurance.

The new API will allow developers and businesses to integrate insurance services and solutions directly into their apps and websites in minutes, the company claims.

CoverWallet said the API includes three key services covering the full life cycle of small business insurance - insurance estimates, quotes and policies from leading carriers, and insurance management services for items such as managing policies, certificates, and claims.

“With our API, anyone can offer business insurance tools and policies so that users don't need to navigate away from the site or app they are on for their insurance needs," said Pablo Molina, chief technology officer (CTO) at CoverWallet. "Opening our platform is an important step for CoverWallet, as we carry out our mission to help small businesses get insurance through a seamless, fast, and convenient user experience," Molina added.

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