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InsurTech Qover partners with rewards credit card Yonder

By Gloria Methri

March 27, 2024

  • Credit Card
  • digital insurance solutions
  • Embedded Insurance
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Qover, Yonder, Insurance, Digital Insurance Solutions, InsurTech, Embedded Insurance, FinTech, UK, Europe,Yonder, a lifestyle credit card with a unique rewards program, is elevating the insurance experience for its customers through its partnership with Qover.

Customers will now be covered for travel and accommodation expenses paid for with their Yonder card. This includes coverage for travel essentials, such as delayed departures or cancellations, family cover, winter sports, lost or stolen baggage, personal liability, and more.

The insurance cover, underwritten by Lloyd’s of London, is active as soon as someone signs up for Yonder’s full membership.

Qover has worked closely with Yonder to create a bespoke insurance offering. Users can now easily access insurance coverage details, generate instant travel certificates, and check claims status directly from its app. Additionally, push notifications from the app keep users informed of any changes in the claim status, ensuring a smooth user experience from start to finish.

“We believe credit is a broken sector in desperate need of a rebuild, and our partnership with Qover is an exciting step towards revolutionising credit for the next generation,” said Tim Chong, CEO and co-founder of Yonder. “By integrating Qover’s embedded insurance solutions, we’re able to offer our full membership customers more freedom and less stress when they travel, reinforcing our commitment to making credit more empowering.”

Quentin Colmant, CEO and Co-founder of Qover, added, “This partnership is a testament to our commitment to building a global safety net through innovative insurance solutions. By working with Yonder, we are not only reinforcing our vertical domination in the FinTech and financial services sector. Still, we are also contributing to the evolution of financial resilience narratives on a global scale.”

The collaboration with Yonder enhances Qover’s presence and leadership in the embedded insurance orchestration market.

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