Cover Genius specializes in providing embedded insurance solutions for digital platforms around the world. The company collaborates with major digital companies and is integrated into popular e-commerce sites like Amazon and eBay. Its main product is a single API that allows partners to easily incorporate insurance offerings into their purchasing processes, creating a smooth experience for users. Unlike many competitors, Cover Genius focuses on embedding insurance directly into the buying journey, which helps to simplify the process for both partners and customers. The goal of Cover Genius is to deliver tailored insurance products, such as travel protection and extended warranties, that not only meet the needs of their diverse clients but also enhance customer satisfaction and support the growth of their partners' businesses.

King River Capital

G Squared

Atlas Merchant Capital

Dawn Capital

Regal Funds Management

Spark Capital

Leap Capital

Clearsign Capital

James Sutcliffe

Marinya Capital

Elevate61

Robert Smith

Belfer Family Foundation

Sompo Holdings

Robert A

AfterWork Ventures

Leo Capital Holdings

Fintech

Financial Services

Cover Genius

Here's our roundup of the people, product and partner news from the global travel industry this week.HRS, AmadeusHRS, a global technology company, has announced the extension of its partnership with Amadeus Cytric, a platform that provides end-to-end solutions for corporate travel and expense.The announcement reflected on the highlights of the extended agreement, which included optimized property shopping, automated hotel rebooking, driving the use of more sustainable hotels and automated payment and invoice collection.Tobias Ragge, CEO of HRS said, “By unlocking new data-infused avenues to optimize program performance, maximize savings and enhance sustainable travel operations, we’re working together to make business life better for corporations and their travelers.”Read more details here.Sabre, Air CanadaSabre, a software and technology provider that powers the global travel industry, and Air Canada, Canada’s largest airline, have announced that Air Canada’s full content will now be available through Sabre NDC.This launch is said to empower travel agencies to consume Air Canada’s expanded new distribution capability offers and services, which will enable them to provide personalized travel experiences to their customers.Kathy Morgan, vice president of product management distribution experience for Sabre said, “Our robust technology ensures scalability, allowing agents to seamlessly access Air Canada's latest pricing and bundled offerings without compromising service levels. Additionally, our comprehensive end-to-end booking management streamlines the process, reducing the burden on agency resources.”Priceline, Cover GeniusPriceline, an innovator of online travel, and Cover Genius, the insurtech for embedded protection, have announced a partnership to enhance travel protection for any flights, hotels, rental cars and packages booked with Priceline.This new integration allows Priceline’s customers to access support, file claims and receive instant payments for approved claims through Cover Genius’ global distribution platform, XCover.Angus McDonald, CEO and co-founder of Cover Genius, said, “We avoid ‘off-the-shelf’ offerings and build technology-driven solutions that we constantly test and iterate for the best possible insurance experience. This helps develop meaningful touchpoints with customers and drives additional revenue for our partners. In fact, after launching with us, Priceline saw an increase in insurance attach rates.”Read more details here.Nezasa updatesNezasa, a leading provider of e-commerce solutions for travel brands, has announced a partnership with Globespan, an industry leader in travel management.Globespan will integrate Nezasa’s TripBuilder platform into its channels, which will allow them to curate personalized experiences for their members and provide a leisure benefit site that offers discounted content and product offerings.In addition to their developments, Nezasa has announced the appointment of Lisa Katsouraki to the board of directors, who will continue to strengthen the company’s mission to empower travel providers with tools to sell itineraries efficiently while driving growth and enabling them to streamline operations.LATA, Safer Tourism FoundationThe Latin American Tourism Association (LATA) has partnered with the Safer Tourism Foundation as part of a strategy to promote traveler safety. Through the partnership, LATA will access STF's expertise and content, which is based on anonymized safety incident data. The data helps travel specialists understand, boost awareness of and minimize risk around preventable harm, injuries, illnesses and deaths while traveling.SITA, Heathrow AirportAviation technology specialist SITA has extended its partnership with Heathrow Airport for a further five years

Phocuswire'S Weekly Travel Tech News Briefs: Amadeus, Sabre, Air Canada, Priceline, Cwt And More

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 the Asia-Pacific region, the companies said in a Thursday (May 9) news release. The partnership enables stronger security and a smoother customer experience, the release added. Adyen’s 3 Domain (3D) Secure, which the company said balances security and convenience, is helping to drive the payment processing. The technology uses machine learning to make authentication decisions and determine if a transaction should be authenticated through a streamlined process or a more thorough one, boosting conversion rates

Insurtech Firm Cover Genius Taps Adyen For Payments Processing

Cover Genius raised $80 million in Series E funding, led by Spark Capital with participation from Dawn Capital, King River Capital, and G Squared. Despite a tech funding slowdown, the insurtech achieved 107% YOY revenue growth and protects over 30 million customers. CEO Angus McDonald highlighted the company's focus on key markets and partnerships with brands like Uber, Ryanair, and eBay. Spark Capital praised Cover Genius' technology platform and global presence.

Cover Genius Raises $80M Series E

Cover Genius, an insurtech company, announced it has closed an $80 million Series E funding round. Despite a slowdown in tech funding, the round was led by Spark Capital with participation from existing investors Dawn Capital, King River Capital, and G Squared.

Cover Genius Secures $80M Series E

InsurTech firm AutoRek has partnered with J.P. Morgan Payments to help insurance companies overcome data challenges with a more connected, streamlined infrastructure. With these capabilities, insurance companies can unlock new market opportunities, the companies said in a press release. “By working together, we will unlock many opportunities for insurance firms to streamline the premium receivables process,” Piers Williams, global insurance lead at AutoRek, said in the release. “This will help them to increase efficiency, accelerate cash flow, reduce write-offs and enhance controls.”

Autorek And J.P. Morgan Payments Partner On Insurance Company Receivables

Cover Genius, a NYC-based insurtech company, raised $80 million in Series E funding led by Spark Capital, with participation from existing investors like Dawn Capital, King River Capital, and G Squared. The funds will be used to accelerate growth, invest in technology, and expand protection solutions. CEO Angus McDonald highlighted partnerships with brands like Uber, Ryanair, and eBay as examples of their customer-centric protection solutions.

Adyen and SumUp have partnered to enable accelerated settlements for small businesses in Europe and the United Kingdom. This partnership expands the availability of SumUp’s near-instant settlements offering that already serves more than 4 million merchants in 36 markets around the world, the companies said in a Thursday (June 30) press release. “This partnership will allow us to keep pushing boundaries and continue providing our merchants with the best solutions to manage their business, be it payments, software or financial services,” Marc-Alexander Christ, co-founder and chief operating officer at SumUp, said in the release

Adyen And Sumup Partner On Accelerated Settlements In Europe, Uk

Adyen, the global financial technology platform of choice for many of the world’s leading companies, today announced its partnership with Cover Genius, the global insurtech for embedded protection. Through the partnership, Adyen is now one of the insurtech’s payment processing partners, offering local payment methods in the Americas, Europe and Asia-Pacific, to help the insurtech increase its authorisation rates for online payments.Cover Genius was looking for a financial technology partner that could help the company with its various local payment methods for customers worldwide. With Adyen, Cover Genius extends its localized payment methods across regions with added security, leading to increased authorisation rates and smoother end-customer experiences.Adyen was selected to implement its fraud and security solution, namely 3 Domain (3D) Secure. Adyen’s 3D Secure technology uses an authentication engine that creates the right balance between convenience and security by using machine learning to make smart authentication decisions and assess whether a transaction should be authenticated through a streamlined process or a more rigorous one, which in turn boosts conversion.“We are happy to partner with Adyen as its global reach supports ours as we manage the claim process for our partners and provide instant payments for approved claims in any currency and language,” said Ehsan Azizi, Vice President, Product at Cover Genius. “Working with Adyen has also allowed our team to increase authorisation rates and decrease chargebacks.”“As Australians look to make savings wherever possible in an increasingly challenging economic climate, insurers need to portray value through digital experiences and leverage insights, if they’re to remain top of mind as a non-discretionary cost. At Adyen, we are seeing increased investment from insurtechs in digital transformation to offer more relevant choices to their customers,” said Hayley Fisher, Adyen Country Manager, Australia and New Zealand

Adyen And Cover Genius Team Up To Enhance Payment Experiences For End-Customers

TOKYO, March 6, 2024 /PRNewswire/ -- The partnership between Smartpay, one of Asia's fastest growing fintechs and Chubb, a world leader in insurance with operations in 54 countries and territories, has been established for the development of digital insurance products for Japanese consumers needs. The need for service innovation in the Japanese insurance industry. In the Japanese insurance industry, innovation is expected to respond to the changes in the digital economy requirements from consumers post-COVID

Japanese Fintech Leader Smartpay, Partners With Chubb Insurance To Accelerate Digitization Of The Japanese Insurance Industry, Anticipated To Surge To 80 Trillion Yen (Usd $500 Billion) By 2027

Cover Genius announced an $80 million Series E funding round led by Spark Capital, with participation from existing investors Dawn Capital, King River Capital, and G Squared. Despite a tech funding slowdown, the insurtech achieved 107% YOY revenue growth in 2023 and protects over 30 million customers globally. The funding will support its focus on key markets like travel, retail, ticketing, and logistics.

Cover Genius Secures $80M Series E Funding

Embedded insurance solutions for digital platforms

Cover Genius

Embedded insurance solutions for digital platforms

Cover Genius

Embedded insurance solutions for digital platforms

About

Simplify's Take

What believers are saying

What critics are saying

What makes Cover Genius unique

6 month growth

1 year growth

2 year growth

Benefits

Recently Posted Jobs

Cover Genius is Hiring for 0 Jobs on Simplify!