Aon to Acquire CoverWallet, Small-Medium Business Digital Insurance Agency

Global insurance broker Aon has agreed to acquire CoverWallet, a leading digital insurance platform for small and medium-sized businesses. The acquisition provides Aon with additional access to what it sees as a fast-growing, $200+ billion premium global digital insurance market for small and medium-sized businesses. It also provides Aon with the opportunity to leverage CoverWallet’s platform to develop and scale other digital client experiences. No purchase price was disclosed.“We are excited to combine Aon’s expertise in data and analytics and global distribution with CoverWallet’s market-defining platform to create new sources of value for our clients,” said Greg Case, CEO of Aon, in prepared remarks. “CoverWallet’s culture of innovation is transforming the insurance landscape, and together we have the opportunity to further strengthen and expand the application of their digital client experience.”