Digital insurance broker CoverEase teams up with Beam Benefits


CoverEase, a digital insurance broker, has partnered with digitally-native employee benefits provider, Beam Benefits.

CoverEase claims to have reinvented the way businesses shop, purchase, and save on the insurance products. The company provides an “Amazon-like” shopping experience with quotes from brands across the country.

The partnership will see Beam’s dental and vision products be added to CoverEase’s platform.

CoverEase said it is the first company in the US to offer businesses the ability to get instant online dental and vision quotes for their employees.

Shawn Edgington, CoverEase CEO, said, “As our platform evolves and expands with additions like Beam Benefits, we’re able to accelerate innovation, reduce costs, and save business owners time and money.”

Alex Frommeyer, co-founder and CEO of Beam Benefits, added, “Beam is thrilled to partner with CoverEase, a proven leader in the employee benefits ecosystem. Through our integration, businesses using CoverEase can access dynamic & transparent dental and vision benefit pricing. We are excited about the technology enabling this partnership, and look forward to working further with CoverEase and their customers.”

Lincoln Financial Group recently partnered with tech-enabled life insurance brokerage Modern Life to accelerate digital transformation in insurance.

Michael Konialian, co-founder and CEO of Modern Life, said at the time, “The life insurance industry is in the midst of its industrial revolution. The pandemic accelerated its digital transformation as kitchen table conversations have evolved into video calls, paper applications shifted to digital forms, and in-person medical exams can often be replaced by predictive underwriting models.”

Ageas Group, an international insurance group, also recently partnered with eBaoTech, a global digital solution provider for the insurance industry, to integrate its digital platform.

The partnership will see Ageas leverage InsureMO, an insurance PaaS platform to enable its growth via B2B2C channels. The company said this will help improve its systems and operational agility, increasing its ecosystem connectivity, and bringing its technology capabilities to the next level.

Copyright © 2022 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.