“Can a technology-first auto insurer win distribution at scale by becoming embeddable infrastructure for any app that touches drivers?”
Founded in 2016 as a digitally-native auto insurer, Clearcover built an API-first tech stack to undercut incumbents on price and claims speed. The company's embedded insurance offering — where third-party apps and platforms can distribute Clearcover policies under their own brand — represents a strategic shift from direct-to-consumer to a B2B2C distribution model. After rapid headcount growth through 2021, the company appears to have contracted (161 employees per LinkedIn as of recent data), suggesting a restructuring toward a leaner, technology-driven operating model.
Clearcover processes payments through Adyen. Disclosed money-movement rails: ACH.
Clearcover's embedded insurance is provided by Clearcover Insurance Company (in-house), Response Indemnity Company of California and Old American County Mutual Fire Insurance Company.
The Embedded Finance Index 2026 maps 3 layers in Clearcover's stack: Payments / PSP (Adyen); Money movement (ACH); Insurance (Clearcover Insurance Company (in-house), Response Indemnity Company of California and Old American County Mutual Fire Insurance Company).
Clearcover was founded by Kyle Nakatsuji and is founded in 2016, headquartered in Chicago, Illinois, USA.
Clearcover has raised $104.5M (as of Series C, January 2020) in total (latest round: Series C, January 2020).
Get a read on where your own stack stands against Clearcover and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.