Brussels - Qover, one of Europe’s leading InsurTechs announces the creation of its InsurTech Lab. The Lab will help Qover to gain more insights into the digital customer journey of insurance. The first milestone of the Lab is the launch of a new travel insurance brand Nomad Assistance.

 

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Qover has digitized the traditional insurance value chain. It creates insurance products that can be added to any digital business model. CEO Quentin Colmant: “We are able to create insurance products in a matter of weeks, but that’s when a huge part of our service begins. We work closely together with our partners to improve conversion rates with state-of-the-art e-commerce techniques.”

The first result of Qover’s InsurTech Lab is a new travel insurance product for the Belgian market, Nomad Assistance. The product is aimed at millennials and offers a complete insurance package at a very competitive pricepoint. Product Manager Morgane West, who led the project: “Qover’s solution allowed us to create a truly customer-centric travel insurance that offers a radically different experience. This project will be a great source of inspiration for the work we do with our partners.”

Direct feedback of users is fundamental

Quentin Colmant adds: ”Insurance is a heavily regulated business but we execute hard and fast at Qover. The Lab allows us to double down on that strength. The direct feedback of users is fundamental to improve all Qover products and our customer service.”

Nomad Assistance is working with Allianz Global Assistance and risk is carried by Lloyd’s. Coverage starts at 4,5€/ month and includes:

  • Worldwide coverage all year
  • 24/7 Emergency assistance via Allianz Global Assistance
  • Medical Costs
  • Search & Rescue costs
  • Cancellation
  • Winter Sports
  • Personal liability & legal expenses
  • Optional: Baggage
  • Optional: Accident

Nomad Assistance is backed by Allianz Global Assistance to guarantee a world-class experience when things go haywire during a holiday. Lloyd’s, the eldest and most respected risk carrier in the world, is the risk carrier behind the insurance.

A complete overview of the insurance policy can be found here.