The Financial Conduct Authority (FCA) has granted a full authorisation licence to insurtech Qover.
“Securing the FCA licence is a testament to our strong commitment to delivering excellence,” Qover chief executive and co-founder Quentin Colmant said in a release.
“We’ve been working diligently in the UK over the past few years, and this licence marks a pivotal moment in solidifying our positioning in the market and fuelling our growth in the years ahead.
“Additionally, we are committed to collaborating with market-leading risk carriers to protect our partners and their customers.”
Founded in Brussels in 2016, Qover specialises in embedded insurance orchestration and provides digital insurance experiences to more than three million users across 32 countries.
Caroline Hanotiau, general counsel at Qover, commented: “This accomplishment solidifies Qover’s role as a trusted partner for businesses and their valued customers, reinforcing our commitment to delivering top-tier solutions.
“At Qover, we firmly believe in the power of collective effort. I take immense pride in witnessing our team’s dedication and customer-centric approach throughout this journey.”
With the FCA licence, Qover is ‘empowered’ to operate under a fully regulated framework.
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