.By means of Mastercard’s advanced electronic infrastructure, cardholders can effectively submit cases in real-time. “Embedded security is actually coming to be a strategic device for companies to enhance consumer value and also create support,” mentions Quentin Colmant, Chief Executive Officer as well as Co-founder of Qover. “We are actually honored through Mastercard’s trust and also are actually thrilled to bring this innovative solution to their cardholders.” This integration certainly not merely streamlines processes yet likewise guarantees quick updates during the course of the insurance claim’s experience, enriching the consumer adventure.
Henri Dewaerheijd, Country Supervisor for Mastercard in Belgium and also Luxembourg, highlights the significance of this cooperation: “Our experts are actually thrilled to reveal this brand-new remedy in partnership along with the rising superstar of European insurtech, Qover. “This one-of-a-kind defense reinforces the value of Mastercard credit cards for on the internet acquisitions as well as enhances the online shopping experience for our Belgian and also Luxembourg cardholders.” Qover’s Leader Task in Embedded InsuranceEmbedded insurance coverage, flawlessly integrating insurance coverage solutions within non-financial systems, has actually observed quick recognition as well as development. Established in 2016, Qover has actually been at the center of this particular market.
In the beginning concentrating on wheelchair insurance policy for gig economic climate platforms, they rapidly caught collaborations with significant gamers like Deliveroo as well as Uber through 2018. With the beginning of 2020, Qover’s perspective grew into retail and fintech, giving white-label insurance policy products through various financial apps as well as ecommerce sites. This development was buoyed by successful financing cycles, including a EUR20m Series A in 2020 and a substantial EUR41m Set B in 2021, led through Best Ventures and supported by Cathay Innovation as well as Anthemis.