Aon snaps up CoverWallet, a digital insurance platform for SMEs

Global insurance brokerage and professional services firm Aon has entered into a definitive agreement to acquire CoverWallet, a US-domiciled digital insurance platform for small and medium-sized enterprises (SME). The deal gives Aon access to the fast-growing, $200+ billion premium digital insurance market for SMEs. The brokerage giant will also be able to leverage CoverWallet’s platform to develop and scale innovative digital client experiences that support the Aon United growth strategy. “We’re excited to combine Aon’s expertise in data and analytics and global distribution with CoverWallet’s market-defining platform to create new sources of value for our clients,” said Greg Case, CEO of Aon. “CoverWallet’s culture of innovation is transforming the insurance landscape, and together we have the opportunity to further strengthen and expand the application of their digital client experience.”