CoverGo has raised $6 million in the initial close of its Series B1 round, led by Betatron Venture Group. The insurtech's total funding now exceeds $30 million. Revenue has grown tenfold since its 2022 Series A round, and the company has reached EBITDA breakeven. It serves 25 institutional clients across 15 countries, including AXA, Bupa, Generali, Sun Life, Prudential, Blue Cross, MSIG, and Marsh. The money will fund AI-native insurance technology, core system modernisation, and automated workflows across distribution, policy servicing, and claims. CoverGo offers its platform for health, life, and property and casualty insurance. "Its client adoption, international reach, and progress toward profitable growth provide a strong foundation for its next stage of development," said Matthias Knobloch, managing partner and chief executive officer of Betatron.

Generali Hong Kong automates health claims with CoverGo's AI Agent. Powered by Generali Hong Kong and CoverGo deploy AI Agent for automated health claims processing. Hong Kong, Hong Kong - April 4, 2026 - Generali Hong Kong and CoverGo announced a partnership to deploy an Intelligent Document Processing (IDP) AI Agent, automating health claims operations to accelerate processing and enhance customer experience. The AI Agent reduces manual data entry and processing delays by targeting unstructured documents including claim forms and medical reports common in health insurance workflows. Announcement specifics. Generali Hong Kong partnered with global insurtech CoverGo to integrate the IDP AI Agent into its claims workflow. The AI processes unstructured documents - including claim forms, medical reports, invoices, and receipts - into structured, decision-ready data in real time. It extracts key information and maps complex medical codes like ICD and benefit codes, streamlining the full claims lifecycle. Transaction volumes and deployment timelines remain undisclosed; the solution supports ongoing operations in Hong Kong. Stakeholder perspectives. "At Generali Hong Kong, we continuously explore technology that can help us improve the overall claims experience for our customers and enhance operational efficiency. The deployment of this solution supports our ongoing efforts to streamline claims handling through AI-enabled capabilities, reflecting our focus on driving operational excellence." - Cecilia Chang, CEO at Generali Hong Kong Why it matters: The statement underscores Generali's strategic push for AI-driven efficiency amid rising claims complexity in competitive Asian markets. "We are proud to support Generali Hong Kong in advancing its claims transformation. This collaboration demonstrates how AI agents can streamline insurance operations - automating processes, improving accuracy, and enabling insurers to scale exceptional customer service while reducing cost." - Tomas Holub, CEO and Founder at CoverGo Why it matters: CoverGo's perspective highlights its role in scaling insurtech solutions globally for clients including AXA, Bupa, Sun Life, and Prudential. Industry context. Health claims processing faces persistent bottlenecks from unstructured data, prompting widespread insurtech innovation across Asia-Pacific. CoverGo operates a no-code AI platform serving health, life, and property and casualty insurance carriers. This partnership exemplifies broader industry adoption of IDP AI to cut operational costs and boost processing accuracy. In Hong Kong's competitive insurance market, the deployment positions Generali ahead in digital transformation, potentially influencing regional peers amid growing customer demand for faster claims handling across Greater China and Southeast Asian markets. Conclusion. The collaboration sets a benchmark for AI in claims automation, with potential for sustained operational gains and superior service delivery. Future expansions could integrate additional CoverGo tools, driving continued insurtech evolution across Generali's regional operations. Reach industry leaders, innovators, and decision-makers in the fintech community. Submit Your PR

CoverGo launches AI Agents to automate insurance operations. NEW YORK / SINGAPORE, February 26, 2026 - CoverGo, the leading global AI, no-code insurance platform for health, life, and P&C, today announced the launch of AI agents built specifically for insurance, accelerating the shift toward fully AI-driven insurance operations. While many insurers have digitized workflows, most processes remain rule-based and heavily manual. CoverGo is embedding insurance domain-trained AI agents directly into core insurance operations - enabling automated execution across complex underwriting, distribution, servicing, and claims processes. CoverGo has already deployed three AI Agents in production with tier-1 insurers and brokers: * Intelligent Document Processing (IDP) AI Agent - This agent automates data extraction from any unstructured document (e.g., claims forms, medical reports, applications) and transforms it into structured, decision-ready data across claims, underwriting, and policy servicing. Beyond data extraction, the IDP AI Agent performs medical necessity checks, business rule enforcement, automatic calculations, FWA detection, mandatory document validation and other actions - enabling insurers to move from document processing to intelligent decision execution. * Customer Support AI Agent - This agent ingests all of a company's internal knowledge like product brochures, policy wordings, and underwriting guidelines, and provides instant, accurate answers. It empowers customer support teams to resolve queries in seconds and enables sales teams to find the right information on the spot. It can be enabled to directly service agents, brokers, and customers as well. * Quotation AI Agent - This agent automates the generation of quotes, illustrations, and comparison of insurance proposals. This solution enhances efficiency, reduces manual efforts, and ensures customers and distributors receive comprehensive proposals and comparisons of available insurance products. Through this ecosystem of autonomous AI agents, CoverGo enables insurers to operate with the speed, intelligence, and efficiency of a modern digital enterprise. Built for insurance enterprise deployment, the CoverGo AI insurance platform delivers enterprise-grade governance and security, ISO 27001 and SOC 2 certified, designed specifically for the regulatory, compliance, and workflow requirements of the insurance industry. "The insurance industry doesn't need generic AI solutions - it needs domain-specific AI agents built for insurance operations," said Tomas Holub, Founder & CEO of CoverGo. "CoverGo's AI agents are already deployed in production with leading insurers and brokers, empowering them to automate complex workflows across the entire policy lifecycle, and operate in the most efficient way." About CoverGo. CoverGo is the leading global AI, no-code insurance platform for health, life, and P&C, enabling insurers to transform digitally in the most flexible, scalable, and cost-effective way, with AI Agents across the value chain. A growing number of insurance companies across the globe adopt CoverGo to digitize and automate their processes across omni-channel distribution, policy servicing, and claims. CoverGo's clients include AXA, Bupa, Sun Life, Prudential, MSIG (MS&AD), Dai-ichi Life, Marsh, and many others.