AON INVESTS IN INSURTECH COVERWALLET

Aon has invested in US insurtech firm CoverWallet. CoverWallet is a digital insurance platform for small and medium-sized enterprise (SME) insurance. It is licensed in all 50 US states and Europe. The investment, the size of which was not disclosed, will add to the $40m CoverWallet has previously raised from investors. A part of the investment, Aon and CoverWallet have entered into a commercial agreement to target the Australian market. A new Aon platform powered by CoverWallet launched in Australia this month.