Zurich Global Ventures has invested in Belgium-based Qover and partnered with the insurtech as it seeks new ways to distribute insurance products and services. 

Founded in 2016, Qover operates in 32 European markets. Its distribution platform offers single integration for businesses to quickly integrate tailored insurance. The modular embedded insurance platform serves over 2.5 million users via partners like Deliveroo. 

Zurich Global Ventures CEO Jack Howell says Qover recognises customers want getting insurance to be as simple and convenient as possible.  

“The combination of its know-how about embedded insurance, our long-standing expertise and global footprint is a win-win for our distribution partners and customers,” he said. 

Qover raised $US30 million ($45 million) in its latest funding round, and was also backed by Alven, Anthemis and Kreos Capital. 

"Their support and confidence in Qover's strategic vision highlight the company's capacity to drive sustainable growth and enable brands to orchestrate insurance with technology,” CEO & Co-founder Quentin Colmant said.  

“Our commitment to transforming insurance experiences has been unwavering. Our ability to navigate and quickly adapt to the changing tech landscape has been instrumental in attracting top-tier clients and investors.” 

Launched in 2020, Zurich Global Ventures’ portfolio has solutions in travel, health and wellbeing, employee benefits, cyber, device protection, digital partners and mobility.