Media

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 accelerates growth in India in collaboration with e-commerce marketplace Flipkart

Cover Genius, the insurtech for embedded insurance, today announced its continued growth in India with the signing of homegrown e-commerce marketplace, Flipkart. This momentous news follows Cover Genius’ recent Series C funding round of $70M USD, which is being used to expand its global distribution platform, XCover, and support new global partnerships in e-commerce, property, travel, mobility, auto, B2B and financial services.

Rhino partners with Cover Genius to protect renters with embedded insurance, bringing convenience to the rental experience

Rhino, the leading real estate technology company, today announced its expansion into renters insurance, in partnership with Cover Genius, the leading insurtech for embedded insurance. Coupled with Rhino’s core product, Security Deposit Insurance, the new Renters’ Insurance offering will maximize the level of coverage for renters and property managers through a seamless product experience.

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.

Icelandair partners with Cover Genius to offer “Covid plus” medical cover

Icelandair has announced today its partnership with Cover Genius, the global insurtech leader whose insurance distribution platform provides protection for customers of the world’s largest online companies, to offer embedded “Covid Plus” Cover for their worldwide customers, launching in Europe and Americas and Canada following soon.

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, Rentcars.com, eBay, Booking Holdings, Intuit and others who have integrated the multi-award winning XCover global insurance distribution platform.

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