UK challenger bank Revolut has inked a partnership with InsurTech Qover to launch of Revolut’s fully upgraded plans together.
As part of a complete overhaul of its paid plans, Revolut now offers its customers an innovative embedded insurance solution provided by Qover all over Europe, supporting them in their daily lives.
“The Revolut-Qover partnership is a powerful combination,” said said Nikolay Storonsky co-founder and CEO of Revolut. “Qover’s understanding of the complex needs of a full-growth FinTech, its deep insurance and technology expertise, and its agile and collaborative approach are uniquely complementary to how we work at Revolut. Qover is one of the only players capable of providing us with a global solution.”
The insurance solution is fully integrated into the banking app, giving users real-time access to the three products available for Plus, Premium and Metal accounts at no additional cost.
“Revolut needed a partner capable of keeping up to speed and providing a fully digital, pan-European solution,” said Quentin Colmant, CEO and co-founder of Qover.
“Thanks to our unique Open API infrastructure, we were able to create three new insurance products in 33 countries in record time. We are thrilled with this partnership, which seems only natural to us as we speak the same language. To carry the risk on a global level, we are happy to be able to count on Chubb.”
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