The business insurance solution – built into the card plans – has been developed to benefit all Mastercard World Business Everest cardholders in France, Germany, Ireland, Netherlands, Spain, Portugal, Luxembourg and Belgium. The two products, Travel Inconvenience Protection and Purchase Protection, are designed to enhance Everest's mission of empowering entrepreneurs and top managers to grow their businesses using advanced financial technology services.
‘With Qover, we've designed customised packages for our clients – startups and small businesses looking for flexibility and useful products providing them with the peace of mind they're looking for in order to focus on their core business,’ says Denis Kiselev, SnapSwap Founder and CEO.
Travel Inconvenience Protection is fully integrated into the platform's cards and offers a variety of benefits such as travel delay; travel abandonment; missed departure; luggage delay; loss, damage or theft of personal belongings; loss or theft of money; as well as personal accident and personal liability.
Users can also make online or in-store purchases with peace of mind knowing that their plan comes with Purchase Protection. Purchases made with Everest cards are protected in case of theft or accidental damage in the first 90 days. As a bonus, there's no need for unnecessary paperwork – claims can be submitted online in no time.
‘Insurance is a powerful way to create value for FinTechs and neobanks,’ explains Quentin Colmant, CEO and Co-founder of Qover. ‘If approached and designed smartly, it can be an essential part of customer acquisition and retention strategies. We approach each partnership differently, which allows us to deliver highly targeted and purpose-driven insurance solutions. We are excited and proud to be the partner of choice for SnapSwap!’
[More information on the new Everest card business insurance]