back Back

Qover enters £19b UK motor insurance market with new solution

By Gloria Methri

January 19, 2024

  • Automobile Insurance
  • Car Insurance
  • Digital Car Insurance

IQover, Motor Insurance, Car Insurance, Digital Insurance Solutions, InsurTech, Embedded Insurance, Automobile Insurance, Motor Insurance, EV Insurance, FinTech, UK, Europe,nsurTech Qover has launched an innovative motor insurance solution in the UK, which enables car manufacturers to provide digital insurance programs across Europe.

In line with Qover’s goal of covering all European markets by the end of 2025, the UK is now the ninth country where Qover orchestrates motor insurance programs, joining Austria, Belgium, Denmark, France, Germany, the Netherlands, Portugal, and Spain.

This expansion follows a year of extensive growth for the company – including the signing of partnerships with motor industry players like NIO, Fisker and ZEEKR, and securing an FCA license.

Key features of Qover’s motor insurance offering include:

  • Embedded insurance orchestration: the insurtech’s modular platform orchestrates digital insurance programs for Original Equipment Manufacturers (OEMs) and mobility companies while leveraging their existing insurance captive or longstanding traditional insurance partnerships.
  • Digital and advanced customer journeys for insurance programs: Qover’s platform seamlessly integrates insurance into OEMs’ omnichannel offerings and user journeys, including dealerships.
  • Tailored coverage: Qover’s motor insurance product offers customisable coverage, designed to suit the specific needs of OEMs.
  • Fast digital claims processing: Qover’s claims process is designed for swift and effective claims resolution.
  • Advanced performance analytics: Qover leverages tech to produce advanced data analytics, ensuring transparency on insurance programs.

“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,” said Quentin Colmant, CEO and Co-founder of Qover. 

As Qover expands its footprint into the UK market, the company envisions bringing a fresh perspective to motor insurance, challenging the industry status quo, and delivering high-quality service to its partners.

Previous Article

January 19, 2024

DailyPay secures $175m to expand on-demand pay solution

Read More
Next Article

January 19, 2024

ipaymy launches Automated Invoicing platform Fetch, for SMBs

Read More

IBSi Daily News Analysis


February 23, 2024

Automobile Insurance

Regulated firms battle surge in financial crime attempts, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 23, 2024

LTIMindtree & Eurolife FFH to setup Gen Al and Digital Hubs in Europe and India

Read More

February 12, 2024

Uinsure secures PE investment from LDC to fuel growth

Read More

February 12, 2024

InsurTech JAVLN appoints Rosalie Lau as Chief Financial Officer

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2023