PriyaPatel
TLDR:
Qover’s Chief Revenue Officer, Parker Crockford, discusses the rise of embedded insurance at MoneyLIVE Summit 2024. Embedded insurance is growing alongside embedded payments, with Qover experiencing rapid growth and success in the industry.
Article:
As embedded payments have spread rapidly, embedded insurance has taken longer to catch up. Qover’s Chief Revenue Officer, Parker Crockford, highlights the challenges of distributing insurance while remaining compliant in different jurisdictions. Qover has seen success in the embedded insurance space, generating US$30m in Series C funding and doubling in size over the last couple of years. The platform allows partners to have a single API with multiple risk carries and products, enabling them to scale massively. This model gives partners more flexibility and control over their insurance programs.
Qover’s growth journey has paralleled the rise of embedded payments. The company’s success lies in providing partners with a seamless integrated insurance experience and a new revenue model. As embedded insurance continues to grow, Qover aims to offer firms more flexibility and opportunities for growth in the industry.
