Qover granted coverholder approval with Lloyd's of London

Published date
October 23, 2018
In a nutshell

Thanks to an agreement with the Lloyd’s of London, there is now more room for product innovation for Qover, the Belgian InsurTech startup.

Qover, the Belgian InsurTech startup with Europe's first B2B2C open APIs enabling sliced and on-demand digital Insurance-as-a-Service, is pleased to announce its status as approved coverholder with Lloyd's of London.

Qover’s position as a Lloyd’s coverholder represents a significant leap forward as it scales up as an InsurTech leader. The agreement with the established UK insurance market grants Qover access to the Lloyd's brand, its founding syndicates, financial security and top-notch ratings. Therefore, the startup receives the ability to design a wider range of innovative products and distribute them on the European market.

'We are honoured by Lloyd’s decision to appoint us,' saidJean-Charles Velge, Co-founder of Qover. 'This decision broadens Qover’s sphere of action. The main benefit of being a coverholder lies in the ability to build unique insurance products for our B2C partners. It means that when we identify a market opportunity, we can turn to Lloyd's and quickly develop dedicated coverage for it.'