Cover Genius news and trends

InsurTech Firm Cover Genius Taps Adyen for Payments Processing
Partnerships // May 09, 2024

InsurTech firm Cover Genius has formed a new partnership with Adyen, tapping the FinTech as its latest payment processing partner. Through the collaboration, Adyen aims to increase the Cover Genius’s authorization rates of online payments by offering local payment methods in the Americas, Europe and...

Shippo and Cover Genius Launch Insurance Solution for eCommerce Merchants
eCommerce // October 24, 2023

Shipping platform Shippo and InsurTech Cover Genius have joined forces to introduce an insurance solution for eCommerce merchants and ensure a positive shipping experience for their customers. The solution, Shippo Total Protection, aims to provide comprehensive protection, global coverage and seamless claims handling for businesses, the companies said...

Uber Teams With Cover Genius to Insure Brazilian Drivers
Ridesharing // August 08, 2023

Uber has teamed with insurtech Cover Genius to protect its drivers in Brazil. The partnership, announced Tuesday (Aug. 8), integrates Uber and Cover Genius’ distribution platform XCover to offer drivers embedded protection as well as features like automated payouts and charging based on driving data. “As the number of rideshare...

InsurTech Cover Genius Buys Clyde to Move Into Midsized eCommerce
Insurance // March 15, 2023

Cover Genius has purchased the warranty provider Clyde to deepen into midsized eCommerce market share. The InsurTech announced the acquisition Wednesday (March 15), saying it aligned with its growth strategy, which also includes its recent purchase of refund protection company Booking Protect. “Data shows that...

Interviews & Exclusives
For Point-Of-Sale Peace Of Mind, Embedded Insurance Offers Must Be Hyper-Relevant

August 17, 2021
If there’s one thing consumers want these days, it is to feel safe and to have peace of mind when they’re doing business online. It’s all part of the growing thirst for simpler forms of consumer protection. With the help of deep transaction-based data, sellers can deliver “hyper-relevant” embedded insurance offers. “Whenever people are buying […]

Embedded Insurance Offers Don’t Repel Customers, They Attract Them

August 13, 2021
In the wake of the COVID-19 pandemic, it’s clear that consumers have become a lot more comfortable with shopping online. And, while digital payments and eCommerce firms have benefited from...

Carpe Datum: Banks Must Seize Data Advantage To Cross-Sell Insurance Or Get Left Behind

July 23, 2021
Banks have a natural advantage when it comes to offering their customers insurance products. According to Cover Genius’ Vice President Strategic Partnerships, EMEA Daniel Poole, since consumers are already used...

Smart Data And AI Use Can ‘Nudge’ Customers To Better Offers

June 24, 2021
Data, in a way, exists as a currency. Customers are willing to trade it, especially when they’re prompted with a nudge and the right reward. Cover Genius CEO Angus McDonald,...

Quick Reads
Cover Genius Raises $80 Million to Grow Embedded Protection Offering

May 15, 2024
InsurTech Cover Genius has raised $80 million in Series E funding to grow its embedded protection offering. The company will use the fresh capital to expedite its growth plans and to invest in new technology like improved digital insurance distribution solutions, artificial intelligence (AI)-powered claims handling and additional protection solutions to be made available on […]

InsurTech Firm Cover Genius Taps Adyen for Payments Processing

May 09, 2024
InsurTech firm Cover Genius has formed a new partnership with Adyen, tapping the FinTech as its latest payment processing partner. Through the collaboration, Adyen aims to increase the Cover Genius’s...

Shippo and Cover Genius Launch Insurance Solution for eCommerce Merchants

October 24, 2023
Shipping platform Shippo and InsurTech Cover Genius have joined forces to introduce an insurance solution for eCommerce merchants and ensure a positive shipping experience for their customers. The solution, Shippo Total Protection, aims...

Uber Teams With Cover Genius to Insure Brazilian Drivers

August 08, 2023
Uber has teamed with insurtech Cover Genius to protect its drivers in Brazil. The partnership, announced Tuesday (Aug. 8), integrates Uber and Cover Genius’ distribution platform XCover to offer drivers embedded protection as well as...