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Power Law company profile

Qover

Fintech · City of Brussels, Belgium · Founded 2016

Qover is an insurtech company that provides an embedded insurance orchestration platform. The company's platform-as-a-service model allows businesses to integrate insurance products into their existing digital environments. This is achieved through a single API, which gives access to a range of insurance products and services. Qover's services are designed for a variety of businesses, including those in the gig economy, retail, and travel sectors. The company partners with these businesses to offer tailored insurance solutions to their customers. For example, Qover works with food delivery companies to provide insurance for their couriers, and with online retailers to offer product insurance at the point of sale. The company's business model is based on a B2B2C approach. Qover provides the technology and insurance infrastructure, while its partners distribute the insurance products to their end-customers. This allows Qover to reach a large customer base without having to acquire customers directly. The company's revenue is generated through a combination of setup fees, monthly licensing fees, and a share of the insurance premiums. Keywords: insurtech, embedded insurance, platform-as-a-service, API, gig economy, retail, travel, B2B2C, insurance infrastructure, licensing fees