▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

COVU Acquires CIII Insurance Services, Expands AI-Native Platform to Support Agency Evolution

#AgencyGrowth--COVU, Inc., the leader in AI-native services for insurance agencies, today announced the successful acquisition of CIII Insurance Services, a boutique California agency known for its pr...

Business Wire

SAN FRANCISCO: #AgencyGrowth--COVU, Inc., the leader in AI-native services for insurance agencies, today announced the successful acquisition of CIII Insurance Services, a boutique California agency known for its premium clientele, white-glove service, and longstanding carrier partnerships. This marks the first in a series of strategic acquisitions as COVU expands its platform to offer more agencies a seamless path to evolve, partner, or exit.

This move underscores COVU’s commitment to enabling independent agencies to thrive in an AI-powered future—not to replace them, but to empower them.

“COVU is building the modern AI-native risk advisor infrastructure of the future,” said Ali Safavi, CEO of COVU. “By enabling our partners to evolve into this new model—or exit confidently while preserving their legacy—we expand our platform and grow together. Whether an agency wants to scale with us or park their book, COVU now provides a way forward. As we continue expanding, we’re focused on delivering an even better experience for our customers and agency partners, while driving high-quality, profitable distribution for our carrier partners.”

A Platform Expansion

This acquisition represents an expansion of COVU’s AI-native platform. COVU’s core business remains rooted in delivering AI-powered customer servicing, operations, and support that enable agencies to serve their clients more efficiently and effectively.

By integrating select, strategic agencies like CIII, COVU ensures that every agency has a choice: modernize and scale with COVU’s technology and staff, or exit knowing their customers will be supported with excellence.

“We are not here to replace agencies,” Safavi added. “We’re here to empower them—whether they want to scale their operations, transition into an AI-native model, or step away. Our mission remains to be the best partner for agencies and the best experience for their customers.”

CIII: A Premium California Agency with Deep Roots

Founded and led by industry veteran Cecil Collins, CIII brings to COVU a strong portfolio of commercial and personal P&C clients, high retention rates, and trusted relationships with Chubb, Travelers, and other national carriers. With a reputation for VIP client management and tailored service, CIII offers a high-quality book and team that aligns well with COVU’s hybrid service model.

Post-acquisition, CIII’s operations will shift to COVU’s remote-first infrastructure, enhancing efficiency and positioning the agency for scalable, AI-supported growth.

What This Means for the Industry

COVU’s acquisition strategy is designed to preserve what makes independent agencies great—relationships, trust, and service—while upgrading the tools, operations, and capacity behind the scenes. Whether partners want to evolve or exit, COVU provides the platform to support both outcomes without compromising customer experience.

About COVU

COVU is a transformative platform designed to revolutionize the insurance servicing industry through AI-native solutions combined with human support. The company is dedicated to enhancing customer experiences and operational efficiency for insurance agencies while providing flexible servicing models to meet the demands of modern consumers.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Alibaba Group Announces March Quarter 2025 and Fiscal Year 2025 Results

$BABA #alibaba--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba”, “Alibaba Group” or the “company”)…

U.S. Data Center Construction Market Outlook Report 2025-2030 Featuring…

The "U.S. Data Center Construction Market - Industry Outlook & Forecast 2025-2030" report has been added to ResearchAndMarkets.com's offering. The…

J.D. Power Names Joshua Peirez New CEO

J.D. Power today announced that Joshua Peirez will assume the role of President and CEO of J.D. Power, guiding the company in its next phase of growth…

IMVARIA Reports Multi-Site Clinical Experience With FDA-Authorized AI…

#ATS--IMVARIA Inc., a health tech company pioneering AI-driven digital biomarker solutions, today reported results from multi-site clinical experiences…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!