Qover: Sliced On-Demand Digital Insurance Infrastructure for consumer businesses

Qover: Sliced On-Demand Digital Insurance Infrastructure for consumer businesses

Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on 26 Jan, 2017

Ambitious Belgium startup Qover is already gaining a lot of attention in the fintech world with their first ever B2B2C Sliced On-Demand Digital Insurance Infrastructure. Qover’s unique digital library of coverage will soon allow consumer businesses all over Europe to increase their revenues by adding complementary insurance solutions to their product offering, at the point of purchase. All they need is a web-based platform, app or website. They digitally manage the whole stack of insurance; product design, pricing and risk. Claims are settled by a professional independent administrator. Basically Qover acts as an insurance wholesaler offering "Insurance As-A-Service" to digital business partners, the B2B2C business model. The customer receives a price in real time and can immediately purchase an insurance contract which is digitally and instantly issued. Qover also innovates in insurance products, offering "Sliced On-Demand coverage" alongside traditional coverage. Cutting conventional products into more targeted by-products and varies the duration of coverage on demand from one day to one year.

Rethinking insurance
Traditional insurers are going digital by simply putting their complex processes and products online. Qover believes digital insurance is about re-thinking everything from an empty sheet. They have completely rethought the insurance product and processes. They want to change people’s opinions about insurance completely. For a lot of customers, the insurance process is a painful process with impersonal, incomprehensible policies, expensive product packages and an unsatisfying claims service. It is in Qover’s DNA to elevate the customer experience with on-demand made-to-measure insurance handled through a fully digital process. Thanks to Qover’s top-notch customer care, users feel supported and listened to in any situation and they pay only for what they really need and they can cancel anytime. Qover has been granted a coverholder status at Lloyds of London and is FSMA approved.

Offering a better service by adding complementary insurance solutions
Businesses like e-commerce or online retailers can offer a better service by adding easy to use complementary insurance solutions to their product offering while gaining additional revenue. Qover can create personalized insurances. Offering Qover on-demand, made-to-measure insurance products is easy because Qover’s easy-to-use and robust APIs are designed for seamless integration with any ecosystem, website or app. In return businesses receive a lead fee and Qover takes care of the rest.

Why we selected Qover for DIA Amsterdam
We selected Qover for DIA Amsterdam because it is a really promising startup with a whole new outlook on insurance with new roles in the value chain and superb customer engagement. It’s impressive to see what they achieved in only one year. We are delighted that Qover will launch its service and product offering at DIA Amsterdam.

Who are Qover?
Jean-Charles Velge (34) co-founded Qover in March 2016 with Quentin Colmant (34). Before founding Qover, Jean Charles held several key positions in the private equity industry both in Europe and Hong Kong. Quentin pursued a successful career in the insurance industry, fulfilling a series of top management positions at Allianz Benelux. Since the start, the duo has recruited six people, mainly developers, and raised initial funds with Belcube (business angels Jean Zurstrassen, Grégoire de Streel, two co-founders of Keytrade in particular, as well as Harold Mechelynck and Thierry Pirson, at the Ogone base) and Callataÿ & Wouters Ventures.

Qover is one of the first residents of a major Fintech Hub from Eggsplore in Brussels serving as a European centre for the financial solutions of tomorrow. The hub is more than just a co-working space, it serves as a central meeting point for events and co-creation for the European Fintech community as well as a landing hub for non-European Fintech companies that want to enter the continental European market.

“In stand alone, a conventional insurer is no longer capable of being at the forefront of technology in all areas.”
Quentin Colmant, Co-founder Qover

Team of Qover, Quentin Colmant and Jean-Charles Velge
Team of Qover, Quentin Colmant and Jean-Charles Velge

Webiste: www.qover.me

Presenter: Jean-Charles Velge
Presenter: Quentin Colmant

Contact Info: Eleonore Speeckaert
Eleonore Speeckaert email: es@qover.me
Email: press@qover.me
Jean-Charles Velge telephone: +32 483 09 22 88 

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