Qover provides a modular embedded insurance orchestration platform that integrates insurance services into existing products, enabling businesses to offer tailored coverage across 32 European countries. This technology simplifies the insurance process, reduces operational costs, and enhances user experience by streamlining claims handling and policy management.
Funding
$70.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional insurance programs often lack the flexibility to adapt to the specific needs of modern businesses and their customers, resulting in generic coverage and inefficient processes. Integrating insurance into existing digital experiences can be complex, costly, and time-consuming, hindering businesses from offering tailored protection to their users.
Solution
Qover provides a modular platform for embedded insurance orchestration, enabling businesses to seamlessly integrate customized insurance solutions into their existing products and digital experiences. Through a suite of APIs, a managed tech platform, and AI-enabled claims processing, Qover simplifies the complexities of insurance, allowing businesses to configure insurance setups, manage policy lifecycles, and handle claims efficiently. The platform supports a wide range of insurance products across 32 European countries, offering businesses the flexibility to use their own risk carriers or choose from Qover's trusted network. By providing real-time data and analytics, Qover empowers businesses to track program performance, make informed decisions, and add value for their users.
Target Audience
Qover primarily serves businesses across various sectors, including financial services, fintech, automotive, mobility, retail, and e-commerce, seeking to enhance their customer experience and drive revenue through embedded insurance solutions.
Features
- Modular platform with API suite for policies, distribution, dashboard, and claims management
- AI-enabled claims processing for quick payouts and customer satisfaction
- Real-time dashboard for data and analytics to track program performance
- Customizable UX flows for insurance policy sign-up and claims filing
- Support for various insurance types, including accident, mobility, purchase, property, and travel
- Risk carrier management with the option to use existing carriers or Qover's network
- Legal and compliance specialists to handle cross-border regulations and data security
- Multilingual customer care and claims teams with high satisfaction scores