Qover storms into the UK motor insurance market, worth £19bn!

January 20, 2024
1 min read

TLDR:

  • Insurtech Qover has launched its motor insurance solution in the UK market, aiming to provide digital insurance programs for car manufacturers across Europe.
  • The launch in the UK marks Qover’s ninth country where it offers motor insurance programs, with plans to cover all European markets by the end of 2025.

Qover has launched its innovative motor insurance solution in the UK, with the aim of providing digital insurance programs for car manufacturers across Europe. The insurtech plans to extend its coverage to all European markets by the end of 2025.

This expansion follows a year of growth for Qover, including partnerships with motor industry players such as NIO, Fisker, and ZEEKR, securing an FCA license, and being recognised by the World Economic Forum as a technology pioneer and by CB Insights as one of the most promising startups in the world.

Key features of Qover’s motor insurance offering include embedded insurance orchestration, digital and advanced customer journeys, tailored coverage, fast digital claims processing, and advanced performance analytics.

Quentin Colmant, CEO and Co-founder of Qover, stated that the expansion into the UK is a pivotal step towards the company’s vision of creating a global safety net with insurance. By entering the UK market, Qover aims to challenge the industry status quo and deliver high-quality service to its partners.

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