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Qover enters £19bn UK motor insurance market

Source: Qover

Qover – a leading insurtech driven by a vision of creating a global safety net through insurance – announces the launch of its innovative motor insurance solution in the United Kingdom, 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 9th country where Qover orchestrates motor insurance programs, joining Austria, Belgium, Denmark, France, Germany, the Netherlands, Portugal and Spain.

This expansion also follows a year of extensive growth and industry recognition. Highlights include key partnerships with motor industry players like NIO, Fisker and ZEEKR; securing an FCA license; and being recognised by the World Economic Forum as a ‘Technology pioneer’ as well as by CB Insights as one of the ‘most promising startups in the world’.

Key features of Qover’s motor insurance offering:

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’ omni-channel 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.

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