Cover Genius is an insurtech company that provides embedded protection through its award-winning distribution platform XCover. The company protects the global customers of the world’s largest digital companies, offering simple policies and quick claims handling with instant payments for approved claims in 90+ currencies.

Cover Genius

Cover Genius is the global insurtech for embedded protection. Through XCover, our award-winning global distribution platform, we protect the customers of the world’s largest digital companies with seamless, end-to-end experiences. Licensed or authorized in over 60 countries and all 50 US States, Cover Genius enables partners to embed and sell multiple lines of insurance and other types of protection, resulting in an industry-leading post-claims Net Promoter Score (NPS) and more than 30 million happy customers. 

For more information, visit covergenius.com.

Regal Funds Management

Belfer Management

AfterWork Ventures

King River Capital

Marinya Capital

Jasper Tans

Sompo Holdings

G Squared

Atlas Merchant Capital

Dawn Capital

Leap Capital

Today, we’re thrilled to announce we’ve raised $70M USD in Series D funding to further expand our embedded business model! The round, led by Dawn Capital with strong participation from Atlas Merchant Capital LLC, G Squared and King River Capital marks a significant milestone in our journey to protect the customers of the world’s largest digital companies. This year alone we:

➡️ Doubled our partnership base. New partners include leading travel app, Hopper, buy-now, pay later leader, Zip Co two of the world’s largest airlines, Ryanair - Europe's Favourite Airline and Turkish Airlines and Indian gig economy platforms, Ola and BetterPlace. 

➡️ Set a new record hitting $1.1 million in daily GWP, nearly tripling our year-over-year revenue and reaching 10.5M customers. 
 
➡️ Broadened our reach in key industries by acquiring a leading specialist in ticket refund protection, Booking Protect, a Cover Genius company and deepened our global capabilities by investing in India-based insurtech, ENSUREDIT. 

The new funding will assist with business growth and the further expansion of our award-winning global insurance distribution platform, XCover which protects the customers of the world’s largest companies including Booking Holdings (NASDAQ: BKNG), Intuit, Skyscanner, eBay, Wayfair, Descartes ShipRush and more.

Check out the full announcement below!

Our very own Diana Gobeawan will be speaking with Aditya Kaul, Senior Director at Simon-Kucher at Aviation Festival Asia on how airlines and the travel industry can rebuild trust with their customers. 

Don’t miss this session taking place February 28, 2:55PM SGT at Suntec Singapore.  

#XCover #insurtech #B2B #AviationFestivalAsia #embeddedprotection

By partnering with us, Rhino met renters' needs for convenience with a hassle-free, "one-touch" protection solution. Through XCover, Cover Genius’ award-winning global distribution platform, Rhino seamlessly integrates renters protection into the lease application and sign-up process. The result? A 7x boost in add-on sales and a remarkable 259% increase in conversion rates. Discover more in our case study!

Cover Genius will be at Aviation Festival Asia in Singapore from February 28-29!

On February 29 2:30PM SGT, our very own Peter Smith will be part of a panel discussion, “How can a strong eCommerce strategy support an airline’s brand, personality, and narrative?”. 

The session will be moderated by Daniel Friedli, Managing Director and Partner, Travel in Motion. Additional panelists include:
🎯Christine Drpich, Manager, E-Commerce, Star Alliance 
🎯Vishnu Manikantan, Senior Manager - Business Analysis, Air India Limited
🎯Gayan Wickrama Gayan Wickrama, Senior Manager Commercial Services & Support, SriLankan Airlines Official
🎯Pooja S., Director, Sales, PayPal

If you’re at the conference, we’d love to see you at the session.

See you in Singapore! 

#XCover #insurtech #B2B #AviationFestivalAsia #embeddedprotection

Omio partnered with us to enhance the travel experience for their customers by introducing tailored travel protection in 26 new countries and languages. Since integrating with XCover, our award-winning global distribution platform, Omio experienced a substantial boost in attach rates, resulting in a remarkable 4X growth in ancillary revenue within just a year. Learn more in our case study.

In a recent article for Forbes, our Chief Business Officer, Americas, Kyle Keogh explains why many travelers opt for ‘Cancel for Any Reason’ (aka CFAR) protection when booking a trip in advance.

CFAR is a more comprehensive protection option airlines, OTAs and other travel providers can offer their customers for extra peace of mind and flexibility. According to our Refund Protection Report, travel providers are seeing higher customer satisfaction with this added protection, with higher post-claims Net Promoter Scores (NPS) for CFAR customers who have initiated refund requests compared to non-CFAR customers. 

Check out the full story from Christopher Elliott to learn more about ‘Cancel for Any Reason’ travel protection 👇

Shippo partnered with us to debut an enhanced shipping protection solution for its global merchants that offers comprehensive protection, global coverage and seamless claims handling. Shippo’s network of 100K+ merchants can now enjoy enhanced benefits including porch piracy and extended protection for their packages across North America, EMEA and APAC — all through XCover, Cover Genius’ award-winning global distribution platform. Our customer-centric approach also ensures a frictionless claims experience that results in fast end-to-end claims processing and instant payments in 90+ currencies.

Watch our latest demo to learn more.

By integrating our protection solution seamlessly into their apps, rideshare and delivery leaders can protect both sides of their marketplace from unexpected events on the road, offering peace of mind and satisfaction for drivers and riders. That’s how we enable the world’s largest mobility platform, Uber, to deliver a frictionless experience for its drivers with relevant, generous protection and best-in-class claims servicing.

Learn more about the solution at https://hubs.ly/Q02g53V00

✈ We've just announced a new exclusive travel protection partnership with Vueling Airlines, Spain’s leading low-cost airline, to help protect more than 30 million travelers. 🌍 This partnership uses our existing global technology capabilities to help the Spanish low-cost carrier scale across countries and cater to the changing digital needs of today’s travelers from around the world. 

👇 Read more about the partnership in our press release below.

https://lnkd.in/dBN9RUfe 

#embeddedprotection #travelnews #b2bpartnerships

Cover Genius will be at Ingenico Paytech event in Madrid from January 21 to 25!

On the 25th, Our very own Zinovia Wendlandt will be part of an interesting panel discussion, “Empowering Merchants & Moving Consumer Experience to the Next Level”. The session will be moderated by Boris Ferlet SVP, Channels & Strategic Development at Ingenico. Additional panelists include:
🎯 Tatiana Chernogorova Head of Product at Diggecard 
🎯 James Kershaw VP Global Business Development at Global Blue Payment 
🎯 Peter Vogel at vLoyalty (formerly vPromos, Inc.)

If you’re at the conference, we’d love to see you at the session. ¡Hasta luego! 

 #IngenicoPaytech2024 #embeddedprotection #insurtech

COM:COVERGENIUS

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