Digital agency Covered Insurance Solutions has received a strategic investment from Radian Group, a provider of mortgage insurance and other related services.
The investment from Radian was made as part of its strategy to deepen relationships with customers and provide them with more relevant solutions.
Covered is a digital insurance agency which leverages technology to empower the comparison and purchase of homeowners’ insurance at any time, including during the mortgage application process. Insurance policies are available from 19 major national carriers during the loan origination process.
Its technology can integrate with banking and lending platforms to help accelerate closing processes.
Radian CEO Rick Thornberry said, “The digitalization of our industry is well underway, and we believe that the most successful companies in the future will be the ones that most effectively leverage technology.
“That’s why we have made our own digital transformation such a priority, and that’s why we are investing in Covered, a promising FinTech startup that is working to disrupt how homeowners insurance is bought and sold.”
Copyright © 2020 FinTech Global