​CoVi Analytics

Cohort: Cohort 2, 2019  

Focus in insurance value chain/workflow: Compliance & regulatory support 

Founded: 2016 

Status: Acquired in 2018 by Charles Taylor InsureTech 

Company type: Software provider 

Head office: United Kingdom 

Main global offices: United Kingdom 

Locations served: Global 

Employee count: 1-10 

CoVi Analytics provides solutions to insurers, MGAs and brokers to help them become more operationally efficient. The company’s application suite helps simplify how business activities are documented, measured, and monitored while automating reporting and analysis. CoVi’s various modules can be used for visualising processes, documenting policies, receiving live updates on operational effectiveness and reporting on activities like incident reporting, gifts, hospitality and conflict of interest monitoring. 

Primary way aimed to improve insurance processes and tools whilst in the Accelerator:  Ancillary, accountancy and regulatory compliance services I Enhancing back-end data efficiencies  

No new solution was created during the Accelerator, but CoVi’s app suite is helping businesses reduce 20 to 40% of time taken to manage their operational overheads related to business documentation, risk and compliance monitoring and senior management reporting.