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Companies

Machine Cover

Parametric insurance tools for carriers and brokers

Raised to date

$1.5M

of $1.8M offered across 2 Form D filings

Still open
$200K
Investors
8
Last filed
Apr 24, 2025

About

Machine Cover, Inc. is an innovative company specializing in parametric insurance solutions that address hard-to-insure risks traditionally overlooked by conventional insurance methods. By leveraging advanced technology, the company empowers insurance carriers and brokers to offer customized, trigger-based insurance policies that facilitate rapid claims processing and enhanced customer satisfaction.

Machine Cover stands out by providing a comprehensive platform that enables insurers to create and deliver tailored parametric insurance products, thus streamlining the insurance process.

Funding

  • EquityFiled Apr 24, 2025Form D/A
    $1.5M/ $1.8M
  • EquityFiled Mar 20, 2025Form D
    $160K/ $1.5M

Product

Parametric Insurance Technology Platform

Insurance Technology

Machine Cover’s technology platform is designed to allow insurance carriers and partners to develop, price, and distribute parametric insurance products efficiently. It enables the creation of insurance policies that pay out based on predetermined triggers instead of the need for assessments of damages.

  • Customizable parametric policy designs
  • Rapid and transparent claims processing
  • Integration capabilities for insurance partners

Built for

Insurance carriers, brokers, and managing general agents (MGAs)

People on file