Qover, a leading InsurTech firm, has announced that it will be entering the £19bn UK motor insurance industry.
The company, which is aiming to create a global safety net through its insurance offerings, has revealed that it is launching a motor insurance solution across the UK, according to FF News.
The innovative offering enables car manufacturers to offer their digital insurance solutions across Europe.
Qover’s motor insurance solution revolutionises the industry through its array of key features. The modular platform orchestrates digital insurance programs for OEMs and mobility companies, leveraging existing partnerships.
On top of this, it seamlessly integrates insurance into OEMs’ omni-channel offerings and user journeys, enhancing the overall customer experience. In similar vein, the product delivers customisable coverage to ensure that customers are receiving a personalised solution.
Leveraging technology, Qover’s solution produces advanced data analytics, ensuring transparency on insurance programs and offering valuable insights.
The move marks the 9th country in which Qover has launched its motor insurance programs, adding to its existing cohort of Austria, Belgium, Denmark, France, Germany, the Netherlands, Portugal, and Spain, as the firm looks to cover all the European markets by the end of 2025.
Quentin Colmant, CEO and co-founder of Qover, said, “This expansion serves as a pivotal step towards realising our vision of creating a global safety net with insurance. By entering the UK, one of the largest and most dynamic insurance markets in the world, we are well-positioned to extend our innovative solutions that empower businesses and individuals through seamless insurance experiences.”
To read the latest breaking InsurTech stories as they happen visit www.insurtechanalyst.com
Copyright © 2024 InsurTech Analyst
