“People need insurance, but they want to spend as little time and money on it as possible. So why should customers pay higher prices because big insurance companies overspend on activities that waste both?” said Kyle Nakatsuji, CEO of Clearcover. “We were inspired to create an insurance offering that delivers what people really want - great coverage, when it matters, for the lowest cost possible.” To deliver on this promise, Clearcover built an API-based insurance platform that offers customers a streamlined way to purchase quality, affordable car insurance in a variety of high-relevance moments. The industry-first platform eliminates the need for excessive marketing, improves operational efficiency, and makes custom coverage recommendations using artificial intelligence, allowing people to get the same coverage big carriers offer at significantly lower prices and in record time.

https://globenewswire.com/news-release/2017/09/19/1124713/0/en/Clearcover-Raises-11-5-Million-in-Funding.html