Cover Genius Doubles Number of Policies Sold, Surpassing 10 Million

Cover Genius, the insurtech for embedded insurance, is pleased to announce that it has sold more than 10 million policies. This milestone follows a year of continued growth in which the insurtech saw a 667% increase in sales for XCover, its award-winning global distribution platform that enables digital companies to embed and offer any line of insurance or warranty product directly to customers with a single API call. In addition, the insurtech has tripled its US team as the demand for embedded protection continues in the region.

Cover Genius secures $100M in Series C round driven by Sompo Holdings Asia to expand its embedded insurance platform

Cover Genius, the leading insurtech for embedded insurance, announced today that it has secured $100M AUD in a Series C funding round led by Sompo Holdings (Asia) Pte. Ltd (Sompo Asia), with participation from G Squared and other existing investors. The latest funding round follows a momentous six months during which Cover Genius tripled its gross written premium (GWP) after signing over 20 new partners across multiple industries.

Cover Genius Appoints Julio Castellón SVP Regional Head of Partnerships, Latin America

In his role, Castellón will be leading the company’s strategic partnerships in LatAm, extending on the company’s successes with regional travel, retail, logistics, property and financial services giants including Despegar,, eBay, Booking Holdings, Intuit and others who have integrated the multi-award winning XCover global insurance distribution platform.


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