Cover Genius

Cover Genius is a global insurtech that builds embedded protection. It works with large digital companies so they can offer insurance and other cover to their customers at the moment of sale. The company says its aim is to protect all the customers of the world's largest digital businesses.

Its main product is XCover, a global platform for any type of protection. Partners connect to it through RESTful APIs. Another platform, RentalCover, is a distribution platform for rental car protection that the company calls number one worldwide. The company also offers two microservices. XClaim pays approved claims instantly in more than 90 currencies. Brightwrite sets prices and recommends products in real time.

Cover Genius is licensed or authorised in over 60 countries and all 50 US states. This lets partners sell several lines of insurance and other protection through one connection. The company says its customers rate the claims experience highly, with strong post-claim Net Promoter Scores and Trustpilot ratings.

For travel, the company offers unbundled travel insurance. Its solutions include cancel for any reason cover and Delay Valet, which pays travellers quickly when a claim is approved. These suit airlines, online travel agents and other travel brands. Other solutions cover gig workers and contractors, shipping, marketplaces and product warranties. A newer offer, agentic embedded protection, gives personal cover inside a conversation.

The company began with a distribution platform for mobility and opened its first office in Sydney. It later opened offices in London and New York. Early partners included Rentalcars.com, part of Booking Holdings.

One shipping partner saw insurance attach rates rise fivefold. Another firm grew add-on sales sevenfold. A travel client saw ancillary travel revenue grow fourfold. The company publishes demos of instant payments, dynamic pricing and unbundled travel insurance, plus API guides for partners.

Services

• Embedded insurance platform
• Rental car protection
• Unbundled travel insurance
• Cancel for any reason cover
• Delay Valet
• Instant claim payments
• Dynamic pricing
• Shipping protection
• Gig worker cover
• Agentic embedded protection