COVU Acquires CIII Insurance Services to Expand AI Powered Solutions

COVU, an AI-powered insurance platform, has announced the acquisition of CIII Insurance Services, a boutique agency based in Clayton, California. Founded by seasoned insurance expert Cecil Collins, CIII is known for its premium client base and strong partnerships with top carriers like Chubb and Travelers.

COVU’s Latest Acquisition of CIII Insurance Services Sets Stage for Growth

This acquisition marks a significant step in COVU’s strategy to expand its platform, enabling independent insurance agencies to modernize and scale using AI-driven tools.

As part of the transition, CIII’s operations will integrate into COVU’s remote-first infrastructure, boosting efficiency and positioning the agency for future growth.

CEO Ali Safavi emphasized that COVU’s goal is not to replace agencies but to empower them, offering flexible options for evolution, collaboration, or exit while preserving their legacy and client service excellence.

This acquisition is the first in a series of strategic moves by COVU aimed at strengthening its platform and supporting the future of independent insurance agencies.

Kaynak: https://www.finsmes.com/2025/05/covu-acquires-ciii-insurance-services.html