COVU NEWS
COVU Appoints Don Loonam as Chief Operating Officer
Redwood City, March 2024 – COVU, a pioneering force in the Insurtech industry, is delighted to announce the strategic appointment of Don Looman as the new Chief Operating Officer (COO). Don is distinguished by his extensive experience, transformative leadership skills, and profound knowledge of the insurance distribution landscape.
Background and Landscape
Don joins COVU from HealthCare.com, where as CEO, he steered the company through a remarkable phase of growth. He played a pivotal role in orchestrating several strategic acquisitions and was instrumental in securing over $200 million during a Series C funding round in both debt and equity. His tenure at HealthCare.com was marked by substantial innovation and expansion. Previously, Don held the position of COO at Assurance IQ, setting benchmarks in the insurance tech space. Under his leadership, Assurance IQ achieved unicorn status and saw one of the fastest multi-billion dollar acquisitions in history, marking a record exit in the insurance tech industry.
Don’s career is also highlighted by his role as CEO of AcademicDirect, where he refocused the company towards student engagement solutions, significantly enhancing application rates and outcomes across various educational institutions. His vision gave rise to CourseTalk.com, now the world’s largest repository of online course reviews. As the Executive Vice President at AcquQuote, Don propelled the company on a path of innovation, growth, and profitability, maintaining a commitment to excellence in insurance and other services.
A New Chapter at COVU
With Don Looman at the helm, COVU is set to embark on an exciting new chapter of groundbreaking achievements. His expertise in operational leadership and deep understanding of the insurance sector align seamlessly with COVU’s ambitious goals and core values. Don’s approach to leadership extends beyond business growth; it encompasses team development and the implementation of forward-thinking strategies.
Ali Safavi, CEO and Founder of COVU, expressed his enthusiasm: “Bringing a visionary like Don into our fold is a milestone event. His exceptional career accomplishments and innovative mindset are precisely what COVU needs as we aim to explore new frontiers in the insurtech industry. We are thrilled about the future and confident that Don’s leadership will guide us to new heights.”
Welcome Aboard
Please join us in extending a warm welcome to Don Looman as he joins the COVU family, ready to steer the company towards a future filled with promise and unprecedented success.
About COVU
COVU stands at the forefront of the Insurtech sector, dedicated to revolutionizing insurance through innovative technology and leadership. For more information about COVU and its initiatives, please visit our website.
Contact:
COVU, Inc.
370 Convention Way
Redwood City, CA 94063