World's leading FinTech Revolut chooses InsurTech Qover to fully redesign its insurance offering across Europe

22 December 2020
In a nutshell

The neo-bank Revolut and European InsurTech Qover are pleased to announce their partnership on the occasion of the launch of Revolut's fully upgraded plans, including the new highly competitive and affordable plan ‘Plus’.

As part of a complete overhaul of its paid plans, Revolut now offers its customers an innovative embedded insurance solution provided by Qover all over Europe, supporting them in their daily lives.

On track to building the world’ first truly global financial super-app, Revolut was looking to integrate a range of innovative digital insurance products that deliver added value to the daily life of their customers. In light of the common vision and resilience of the two tech players on the European market, the association between Revolut and Qover was an obvious move.

“The Revolut-Qover partnership is a powerful combination. Qover’s understanding of the complex needs of a full-growth FinTech, its deep insurance and technology expertise, and its agile and collaborative approach are uniquely complementary to how we work at Revolut. Qover is one of the only players capable of providing us with a global solution” said Nik Storonsky Co-founder & CEO of Revolut. 

Embedded insurance supporting Revolut clients in their everyday life

The insurance solution is fully integrated into the banking app allowing users to access the 3 products in real-time from ‘Plus’, ‘Premium’ and ‘Metal’ accounts. From the 'Insurance' tab, Revolut clients can browse the insurance policy (summary, details and legal documents) as well as report, track and monitor their claims. What's more, a push notification system allows them to be informed at each stage of the claim process. “At the heart of this project is the user, and our teams have worked hard to develop an innovative and easy-to-use solution. It's a mission accomplished!” explained Quentin Colmant, CEO & Co-founder of Qover. 

“Revolut needed a partner capable of keeping up to speed and providing a fully digital, pan-European solution. Thanks to our unique Open API infrastructure, we were able to create 3 new insurance products in record time. We are thrilled with this partnership, which seems only natural to us as we speak the same language. To carry the risk on a global level, we are happy to be able to count on Chubb!” continued Quentin Colmant.

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