Market Overview

CoverWallet Named Winner for Best Insurtech Solution at the 2017 Benzinga Global Fintech Awards


the leading online platform to understand, buy, and manage small
business insurance, announced today that it has been named the Best
Insurtech Solution at the 2017 Benzinga Global FinTech Awards. Launched
in 2016, CoverWallet is being recognized for leveraging technology to
reinvent how small and medium-sized businesses deal with commercial
insurance, making it easier, faster, and more affordable. The Benzinga
Global Fintech Awards welcomed more than 300 participants overall, with
12 finalists in the Insurtech category.

"It is an honor to receive this award as well as recognition from such a
renowned group of judges and industry leaders," said Rashmi Melgiri,
cofounder and COO of CoverWallet. "It validates the progress we've made
towards our mission: an online platform that helps every SMB in America
move through the insurance process with ease and clarity, getting the
protection they need".

The Benzinga Global Fintech Awards were created to recognize innovation
and excellence throughout the insurance and financial industries. In
this third edition, judges and sponsors included, among others, Amazon,
J.P. Morgan Chase, E&Y, Nasdaq, Fidelity, Charles Schwab, Google,
Morningstar, Bain Capital, CNBC, and Alliance-Bernstein.

This award is a testament to what CoverWallet has built, as well as the
company's ingenuity and vision. Traditionally the process of buying
small business insurance has been complicated, slow and opaque.
CoverWallet's platform is solving all these pain points by harnessing
business data and state-of-the-art technology.

About CoverWallet

Headquartered in New York City, CoverWallet is the easiest way to
understand, buy and manage insurance for small businesses. The company
combines data, design and technology to delight and help small
businesses deal with their insurance needs, whether from their
smartphone or online. With an intelligent assessment system and
concierge-like service, CoverWallet saves time and provides peace of
mind by making managing insurance simple and intuitive. Backed by Union
Square Ventures, Index Ventures, Highland Capital Partners, Founder
Collective and Two Sigma Ventures, CoverWallet is disrupting the $100
billion small business insurance market and has been recently named "One
of the Most Entrepreneurial Companies in America" by Entrepreneur
Magazine. For more information, please visit

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