Cloud-based platform offering parametric solutions for business interruption, travel delays, and more.
Location
Waltham, MA, US
Founded
2018
Machine Cover is an investment firm that focuses on providing technology solutions for the insurance and near-insurance marketplaces. They specialize in parametric products, which offer a simplified way to address risks such as non-damage business interruption, travel delays, power outages, and website impairments. The firm leverages a general-purpose cloud-based platform to deliver these solutions, making it easier for businesses to manage and mitigate various types of operational risks.
Machine Cover's investment philosophy centers around leveraging technology to innovate within the insurance sector. By focusing on parametric solutions, they aim to simplify risk management for businesses. The firm is led by key partners who bring extensive experience in both technology and insurance, although specific names and affiliations are not provided. Machine Cover also offers unique value-add services by integrating their cloud-based platform with the specific needs of their portfolio companies, ensuring tailored and effective risk management solutions.
Machine Cover - Classification
NAICS
524000Insurance Carriers and Related Activities
524100Insurance Carriers
520000Finance and Insurance
SIC
6300Insurance Carriers
Show 7 more industry codes
NAICS
524110Direct Life, Health, and Medical Insurance Carriers
524113Direct Life Insurance Carriers
524114Direct Health and Medical Insurance Carriers
SIC
6310Life Insurance
6320Accident And Health Insurance And Medical Service Plans
