Qover announces embedded insurance solution
Insurtech Qover unveiled a new embedded insurance technology at the Slush start-up event in Helsinki
The company says that the technology provides a ‘modular infrastructure’ enabling businesses to ‘add insurance at any point of the user journey, whether that be at the point of sale, or [via] email or phone follow-ups’.
Qover explained that the technology allows businesses to quickly add insurance to any line of business, via a single application programming interface (API). Clients using the solution will have access to a ‘flexible, full-stack insurance platform’ that offers a range of policies in fields such as ‘accident, mobility, pet, property, purchase and travel’, said the company.
The technology will initially be rolled out across 32 European nations, including the UK.
Embedded insurance products are a growing market, as businesses across a range of sectors look to offer optional benefits to customers. VisitorsCoverage also launched an embedded travel insurance platform, called Treppy, earlier this month.