Qover secures €5.5m for InsurTech APIs

Belgian InsurTech startup Qover has picked up €5.5m in a Series A round led by Anthemis Group.

The round also saw participation from existing backers Belcube and Callatäy & Wouters Ventures.

Rather than disrupting traditional insurers with its own digital offering Qover operates on a B2B2C business model and aims to provide APIs to help brands add new digital insurance services.

The company is partnered with reinsurance giant Munich Re and has a cover holder status with Lloyds bank.

Qover will use the new capital to expand its first product. GAP motor coverage, beyond its home market and enter the UK with the opening of a London office.

The company previously took on €1.5m in an April 2016 Seed round.

Copyright © 2017 FINTECH GLOBAL

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