Qover forays into Irish motor insurance market

Move part of goal to cover all European markets by the end of next year

Qover forays into Irish motor insurance market

Motor & Fleet

By Terry Gangcuangco

Brussels-based Insurtech Qover, which entered the UK motor insurance market in January, has now ventured into Ireland with its embedded insurance solution.

Set up by chief executive Quentin Colmant (pictured left) and co-founder Jean-Charles Velge (pictured right), Qover has launched in 10 countries over the past 36 months.

With a target of covering all European markets by the end of next year, Qover’s motor insurance offering is currently available in countries such as Austria, Belgium, Denmark, France, Germany, Ireland, the Netherlands, Portugal, Spain, and the UK.

The solution features embedded insurance orchestration managed through Qover’s tech platform, which includes claims and customer support services. It seamlessly integrates insurance programmes into omnichannel offerings and user journeys, making the insurance experience a brand extension for motor partners.

Fast digital claims processing is also provided for efficient claims resolution, while pan-European programmes leverage localised knowledge and strategies for user acquisition. Additionally, advanced performance analytics offer transparency of insurance programmes to all partners and end users.

“As Qover expands its footprint into the Irish market, the company envisions bringing a fresh perspective to motor insurance, challenging the industry status quo and delivering high-quality service to its partners,” the insurtech said.

Last year, when Qover was granted a full authorisation licence by the Financial Conduct Authority in the UK, Colmant cited his camp’s “strong commitment to delivering excellence” in the industry.

“We’ve been working diligently in the UK over the past few years, and this licence marks a pivotal moment in solidifying our positioning in the market and fuelling our growth in the years ahead,” the CEO noted at the time.

“Additionally, we are committed to collaborating with market-leading risk carriers to protect our partners and their customers.”

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