Company Information

Get to know Cover

Founded in 2016, Cover was an insurance technology (Insurtech) company with a mission to make insurance more accessible and user-friendly. The company operated as a digital broker, allowing users to get quotes for auto, home, renters, and other personal insurance by simply taking a picture of their existing policy or answering a few questions in their mobile app. Cover leveraged technology to shop for better rates across more than 30 insurance carriers on behalf of its customers. In August 2021, Cover was acquired by the European digital health insurance company, Alan, to support its expansion into the U.S. market. Following the acquisition, the Cover brand and services have been integrated into Alan's operations.

Industry

Financial InsurancePRIMARY
Financial Other Service

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Cover

Israel

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.