CoverGo - InsurTech Innovation Award 2022

1. The no code platform transforming
the insurance industry
The Digital Insurer (TDI) InsurTech Innovation
Award - APAC
March 2022

2. WELCOME TO
THE NEW ERA
OF INSURANCE
CoverGo is the leading provider of no-code cutting-edge technology
to the insurance industry, with a mission to empower all insurance
companies to make insurance 100% digital and accessible to everyone.

3. WE UNDERSTAND THE INDUSTRY PAIN POINTS
Insurance companies understand digital is the way to go, yet face significant legacy system costs &
roadblocks in adapting to changing post pandemic customer behavior.
Slow product
building & speed
to market
High customer
acquisition
costs
Paperwork &
manual
processes
Rigid legacy
systems
Configuring and testing a
new insurance product takes
6 to 9 months and costs
up to 400k-900k USD.
PWC
Current distribution channels
are costly & traditional,
while customers demand
transparency.
McKinsey
Online processing of
policies & claims from start to
finish are now clients top
consideration when
selecting an insurer.
KPMG
Legacy systems IT costs are
58% higher, and operating
costs 43% higher compared
to modern systems. Legacy
maintenance can account for
up to 80% of IT budgets.
McKinsey & Moody’s

4. A GAME-CHANGING
MODULAR, NO-CODE
INSURANCE PLATFORM
CoverGo is the first out-of-the-box, modular, no-code insurance platform,
powered by 500+ open insurance APIs enabling insurance companies to
transform digitally in the most flexible, scalable and cost-effective way.

5. HOW THE PLATFORM HELPS
To fulfill their digital transformation in a sustainable, flexible & efficient way, insurance companies
need a strong technology partner, and CoverGo stands as the best option to achieve the following:
Build & launch
products faster
Enable omni-
channel
distribution
Seamless digital
experience &
automation
Integration with
any legacy or third
party systems
CoverGo helps insurance
companies save 99% of
development time and costs
in product development and
launch.
Enable companies increased
profits & business growth by
reaching new & existing
customers digitally through new
or improved channels.
Major cost savings &
improved customer/staff
experience through
digitization and automation of
end-to-end processes.
Quick win results achieved fast,
using CoverGo in parts or in full,
addressing both specific gaps
in existing systems or end to
end improvements.

6. The CoverGo Insurance-in-a-Box platform is a combination of 20+ modules across 3 layers assembled
together like lego blocks based on each client needs, enabling maximum speed & flexibility.
CoverAPIs
Back-end microservices
modules and APIs for
seamless integration &
automation
CoverStudio
No-code
configuration layer for
faster product building
CoverPortals
Front-end engagement layer
for
omnichannel distribution &
seamless digital experience
Admin Portal
Distribution
Portal
Third-party
Channels
Client Portal Producer Portal
Product Builder
PDF Template
Builder
Data Model
Builder
Email Template
Builder
Formulas Builder
SMS Template
Builder
Forms Builder
Workflows
Builder
Pricing &
Underwriting
Renewals
Policies
Billing
Clients
Commissions
Claims
Reporting
PLATFORM OVERVIEW

7. No code
Drag-and-drop no/low-code
configurations of custom products
without custom coding
(patent process in progress)
Product agnostic
Over 500 different insurance plans
including complex ones configured
and battle tested
Built for insurance
Platform built and optimized
specifically for insurance by
insurance and tech experts
WHAT MAKES COVERGO DIFFERENT?
Unlike other vendors in the no/low-code and insurance space, CoverGo’s superior technology gives it a
clear and future proof edge over competition for 6 reasons.
Open APIs
Easy integrations through the most
compressive set of open insurance
APIs in the market (500+)
Multi-cloud
Deployment across any cloud and
in any jurisdiction for full
compliance with different
regulations
Microservices
Robust enterprise microservices
architecture to maximize
scalability and flexibility across use
cases
Life
P&C Health
Supports all lines of insurance

8. STRONG TRACK RECORD
CoverGo works with 30+ reputable clients across property & casualty, health and life insurance in
10 countries across Asia and America.
13 30+ 500+
countries clients insurance
plans digitized
MALAYSIA
USA
SINGAPORE
CANADA
VIETNAM
30+
product lines
supported
HONG KONG
INDONESIA
THAILAND
UAE
FRANCE
LATAM
Insurtech of the Year in Asia 25th Asia
Insurance Industry Awards 2021, by
Asia Insurance Review

9. BUILD PRODUCTS FASTER
Revolutionary drag-and-drop, no-code builder enabling insurance companies to build any type of
insurance product in a few days only and without a single line of code.
Features
- Build product in hours / days instead of months
- Supports any insurance products lines
- No tech experience needed
- Powerful underwriting & pricing engine
- Can be integrated with any back/front end systems
- APIs generated for instant distribution
Business benefits
- Cutting product building time by 99%
- Increased speed to market
- Save up to USD 900k in IT development costs
- Products better fitting customers needs
Selection of clients using Product Builder
- MSIG
- XN Worldwide Insurance
- Fubon Life
- FI Life
- Bank of China

10. Frontend distribution and online servicing portals providing a seamless digital experience to all
stakeholders, customers and staff from any type of insurance business ecosystem.
Online distribution portals
Quote-bind-issue journeys for
end-customers to get quotes
and buy insurance products
digitally online on any devices.
Virtual agent portals
Portal for agents,
bancassurance and other
distributors to sell insurance
products and service
customers digitally.
End-customer portals
Digital insurance folder for
customers to access
policies, purchase new
plans and manage claims.
DISTRIBUTE PRODUCTS BETTER
Broker portals
Portal for brokers to
compare and sell insurance
products, onboard and
service customers digitally.

11. MANAGE POLICIES & CLAIMS SEAMLESSLY
Configurable full-fledged policy admin system for insurers to manage their clients, policies, claims and
other processes in an automated and digital way enabling major costs savings.
Features
- Management of customers, policies, quotes, products, commissions,
endorsements, claims and reporting
- Supports all insurance product lines
- Product builder to set up any type of insurance
- Automated renewal notifications and reminders
- Fine grained authorization and user groups, unlimited user group tree
- Auto-calculation of multiple levels of commissions
- Agent, broker, and bancassurance portals
- Automation of various processes
- Fully configurable to clients needs
Business benefits
- Single source of truth to better define strategy
- Major cost savings through processes automation
- Quick implementation for quick wins
Selection of clients using CoverStudio
- MSIG
- XN Worldwide Insurance
- Fubon Life
- FI Life
- Bank of China

12. EASY INTEGRATION FOR QUICK WINS
Cutting-edge backend microservices powered by 500+ open insurance APIs, enabling companies to
digitize & automate any insurance processes, and integrate them with third party or legacy system.
Features
- Most comprehensive out-of-the-box set of open
insurance APIs in the market
- Available for all clients with full documentation
- Supports all insurance processes
- Agnostic APIs for all product lines
- Integration with any legacy or third party systems
Business benefits
- Empowers IT teams to improve own systems
- Enables non-dependency on CoverGo
- Enables immediate distribution on new channels and
embedded insurance
Clients using CoverAPI
- All client solutions are powered by CoverAPIs

13. LED BY A DIVERSE TEAM OF INDUSTRY EXPERTS
Tomas Holub
CEO & Founder
Ex-PwC insurance,
insurtech expert,
Fintech Leader of the
Year 2020 & 2021
Peter Tam
Deputy CEO & Director
Former CEO of the HK
Federation of Insurers,
30+ years of industry
experience
Andrey Leskov
CTO
Ex-CTO of fintech and
e-commerce startups,
10+ years in IT
architecture and
platform development
John Valustik
Head of Product
10+ years in UI/UX,
front-end, product
design and no-
code expert
Kate Chekirda
Head of Finance
15 years of finance
and accounting
experience in IT
companies and
fintech startups
60+
employees
16
nationalities
30%
women in tech
23-64
age range
2017
year founded
3
offices
Yuman Chan
Senior Strategic
Advisor
Ex-CEO of Cigna,
insurance leader
with 25+ years
experience
Robert Kooij
Head of Delivery
Ex-Accenture, DXC,
CSC and ING IT head,
20+ years in
insurance and IT
experience