Covary
Pay-as-you-go Insurance Replacement Products for the Uninsured
Fintech & Insurtech
Non Active, Mar 2023 ceased to operate
Company Overview
Snapshot
Founded in October 2020 by Elad Bibi-Aviv and Ohad Shitrit, Covary operated with 1–10 employees. The company ceased operations in March 2023.
Business overview
Covary developed a cost-sharing platform utilizing advanced actuarial models and technology to offer pay-as-you-go non-insurance products. The company focused on providing cost-effective critical illness and life coverage tailored for the uninsured population, featuring no fixed premiums and significant cost reductions. Operating within the Fintech & Insurtech sector, Covary aimed to bring transparency, trust, and security to its users in markets such as the United States.
Log in to access full profile ›Company Intelligence Q&A
- When was Covary founded and by whom?
- Covary was founded in October 2020 by co-founders Elad Bibi-Aviv and Ohad Shitrit.
- What is Covary's primary business model?
- Covary operates with B2B and B2B2C business models, offering pay-as-you-go non-insurance products.
- What is the status of Covary?
- Covary ceased to operate in March 2023.
- Which accelerator program did Covary participate in?
- Covary participated in the MassChallenge Israel accelerator program, graduating in April 2022.
- What markets did Covary target?
- Covary targeted geomarkets including the United States.