NEW YORK--(BUSINESS WIRE)--CoverWallet, the leading online platform to understand, buy, and manage small business insurance, announced today that it has been named the Best Insurtech Solution at the 2017 Benzinga Global FinTech Awards. Launched in 2016, CoverWallet is being recognized for leveraging technology to reinvent how small and medium-sized businesses deal with commercial insurance, making it easier, faster, and more affordable. The Benzinga Global Fintech Awards welcomed more than 300 participants overall, with 12 finalists in the Insurtech category.
"It is an honor to receive this award as well as recognition from such a renowned group of judges and industry leaders," said Rashmi Melgiri, cofounder and COO of CoverWallet. “It validates the progress we’ve made towards our mission: an online platform that helps every SMB in America move through the insurance process with ease and clarity, getting the protection they need”.
The Benzinga Global Fintech Awards were created to recognize innovation and excellence throughout the insurance and financial industries. In this third edition, judges and sponsors included, among others, Amazon, J.P. Morgan Chase, E&Y, Nasdaq, Fidelity, Charles Schwab, Google, Morningstar, Bain Capital, CNBC, and Alliance-Bernstein.
This award is a testament to what CoverWallet has built, as well as the company's ingenuity and vision. Traditionally the process of buying small business insurance has been complicated, slow and opaque. CoverWallet's platform is solving all these pain points by harnessing business data and state-of-the-art technology.
Headquartered in New York City, CoverWallet is the easiest way to understand, buy and manage insurance for small businesses. The company combines data, design and technology to delight and help small businesses deal with their insurance needs, whether from their smartphone or online. With an intelligent assessment system and concierge-like service, CoverWallet saves time and provides peace of mind by making managing insurance simple and intuitive. Backed by Union Square Ventures, Index Ventures, Highland Capital Partners, Founder Collective and Two Sigma Ventures, CoverWallet is disrupting the $100 billion small business insurance market and has been recently named “One of the Most Entrepreneurial Companies in America” by Entrepreneur Magazine. For more information, please visit www.coverwallet.com.