Insurtech firm Qover has announced that it has been granted full authorization by the Financial Conduct Authority (FCA) in the UK. This authorization comes after seven years of successful operations in the UK market and is seen as a significant milestone for the insurtech following the Brexit transition period. It allows Qover to operate under a fully regulated framework that adheres to the highest industry standards and requirements set by regulatory authorities.
Qover, which specializes in embedded insurance orchestration, uses its platform to provide tailored insurance solutions to businesses across Europe. The platform has over 3 million users in 32 European countries and counts companies such as Revolut, Deliveroo, and NIO as its partners. With the FCA authorization, Qover aims to solidify its position in the market and fuel its growth in the years ahead.
Quentin Colmant, CEO and Co-founder of Qover, expressed his excitement at securing the FCA license, stating that it is a testament to the company’s commitment to delivering excellence. He also emphasized Qover’s dedication to partnering with market-leading risk carriers to protect its partners and their customers.
Caroline Hanotiau, General Counsel at Qover, highlighted that this achievement solidifies the company’s role as a trusted partner for businesses and their customers. She praised the team’s dedication and customer-centric approach throughout the journey.
Qover’s embedded insurance orchestration platform has been successful in enhancing the digital experiences of its partner companies and driving user behaviors that lead to growth. With the FCA authorization, Qover is now well-positioned to continue its growth across the continent and maintain its commitment to regulatory compliance and excellence.
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