Zurich Insurance Group (Zurich), a global insurance company, has today revealed that it will be entering a strategic partnership with Qover, a Belgium-based InsurTech company.
This collaborative move is supported by Zurich Global Ventures and signifies Zurich’s venture into the company’s Series C funding round. The collaboration underscores Zurich’s ambition to explore innovative distribution strategies for its insurance products and services, designed to cater to customer needs at their convenience.
The partnership aims to leverage Qover’s technology-enabled distribution platform to simplify insurance experiences for businesses and individuals. Founded in 2016 with a vision to simplify the future of insurance, Qover offers global cover through a single integration. This unique feature allows businesses to integrate bespoke insurance products into their digital experiences swiftly and easily in a centralised manner. At present, Qover operates across 32 European markets.
Zurich Insurance Group is a global player in the insurance sector, committed to delivering innovative insurance products and services to its customers. This partnership with Qover, facilitated by Zurich Global Ventures, highlights Zurich’s forward-thinking strategy in finding new and convenient ways of reaching and serving its customers.
Launched in 2020, Zurich Global Ventures plays a critical role in accelerating Zurich’s innovative and digital services development. Its objective is to empower customers to select insurance services they value most. The portfolio of Zurich Global Ventures spans a range of solutions including travel, health and wellbeing, employee benefits, cyber, device protection, digital partners, and mobility.
Zurich Global Ventures CEO Jack Howell said, “What makes Qover stand out for me is its deep understanding of what customers are looking for: a way to make getting insurance as simple and convenient as possible. The combination of its know-how about embedded insurance, our long-standing expertise and global footprint is a win-win for our distribution partners and customers.”
Qover CEO and co-founder Quentin Colmant said, “By combining our technology and expertise, we’ll be able to push boundaries, providing businesses and individuals even more convenient and timely protection they need in a changing world.”
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