Clearcover vs Applied Epic
Side-by-side comparison of AI visibility scores, market position, and capabilities
AI-powered auto insurer settling eligible claims in 7 minutes. Founded 2016, Chicago. Raised $457M+ ($200M in Apr 2025). Available in 19 US states. Private.
About
Clearcover was founded in 2016 in Chicago with the mission of using AI and digital-first design to make car insurance dramatically simpler, cheaper, and faster to use — particularly at the moment of a claim, when traditional insurers have historically failed customers most visibly. The company built its claims processing infrastructure around AI automation from day one, rather than retrofitting AI onto legacy systems, enabling it to settle eligible claims in under seven minutes compared to industry averages measured in days or weeks.\n\nClearcover offers personal auto insurance policies across 19 US states, with a fully digital purchase and management experience that eliminates agents and paper-based processes. Its mobile app handles claims submission, status tracking, and settlement entirely digitally, with AI driving triage, coverage determination, and payment authorization for straightforward claims. The company focuses on underwriting discipline and loss ratio management, using telematics and behavioral data to price risk more accurately than traditional actuarial models.\n\nClearcover raised over $457M in total funding, including a $200M raise in April 2025, reflecting continued investor confidence in AI-powered insurance distribution and claims automation. The company operates in a capital-intensive industry where technology advantages must translate directly to underwriting profitability, and its seven-minute claims settlement benchmark serves as both a customer acquisition differentiator and an operational efficiency metric. Clearcover competes with Root, Metromile, and Hippo among digital insurers, as well as legacy carriers investing in AI claims modernization, positioning its fully AI-native architecture as a structural cost advantage.
Applied Systems agency management platform for 40,000+ independent insurance agencies with policy, accounting, and carrier integration workflows; competing with Vertafore AMS360 for insurance agency software.
About
Applied Epic is the flagship agency management system (AMS) from Applied Systems — a Chicago-based insurance technology company providing end-to-end management software for independent insurance agencies and brokerages. Applied Epic centralizes the complete agency workflow: client and policy management, certificate of insurance generation, accounting and commission tracking, renewal workflows, marketing submissions to carriers, and agency analytics — replacing the legacy paper-based and disconnected software systems that have historically characterized independent insurance agency operations. Applied Systems serves 40,000+ insurance agencies and brokerages across the US, Canada, UK, and Ireland.
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