Cova AI
AI assistants and workflow tools built specifically for insurance brokers and underwriters.
Private company- Sector
- Insurtech
- Based in
- Brisbane, Australia
- Invested
- Jun 2025
Cova AI builds AI software for the insurance industry, with a focus on Australian insurance brokers and brokerages. Its platform brings together an AI assistant, document handling, client management, renewals support and policy analysis, designed around the day-to-day workflows and compliance requirements of broking.
The company is based in Brisbane and began as a spinout from insurtech UpSure. Cova has raised a seed round led by Ten13, QIC and 77 Partners, and has achieved ISO/IEC 42001 certification, an international standard for AI governance and risk management.
As of 29 Sep 2026
Why I own it
Insurance broking is full of documents, policies and renewals, and brokers spend hours on work AI can now do. Cova builds AI tools made specifically for brokers and underwriters.
It's a regulated industry, so a general chatbot won't do. Vertical AI built around one industry's workflows and compliance is where I think a lot of value will be. It's also a Brisbane team.
Then · Jun 2025
Since I invested
- Held for
- 1 year, 4 months
- Status
- Active
