Insurtech Qover has announced the launch of its motor insurance solution in the United Kingdom, designed to enable car manufacturers to provide digital insurance programs across Europe.
The UK marks the ninth European market for Qover's motor insurance programs, joining Austria, Belgium, Denmark, France, Germany, the Netherlands, Portugal, and Spain. The company aims to cover all European markets by the end of 2025.
This expansion into the UK also follows a year of significant growth and recognition in the industry. Notable achievements include forming key partnerships with motor industry entities such as NIO, Fisker, and ZEEKR, obtaining an FCA license, and receiving accolades from the World Economic Forum as a “technology pioneer.”
Qover's platform facilitates digital insurance programs for original equipment manufacturers (OEMs) and mobility companies. It works in conjunction with their existing insurance captive or established traditional insurance partners. The platform also integrates insurance into the omni-channel offerings of OEMs, enhancing user experiences, including those at dealerships.
Tailored to meet the specific requirements of OEMs, Qover's motor insurance product also offers adjustable coverage. The claims process designed by Qover prioritizes speed and effectiveness in resolving claims. As it employs technology, Qover also provides detailed data analytics to ensure transparency in its insurance programs.
“This expansion serves as a pivotal step towards realising our vision of creating a global safety net with insurance. By entering the UK, one of the largest and most dynamic insurance markets in the world, we are well-positioned to extend our innovative solutions that empower businesses and individuals through seamless insurance experiences,” Qover CEO and co-founder Quentin Colmant (pictured above) said.
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