By: 7 June 2023
Cover Genius reaches big milestones and prepares for further growth

Cover Genius has reached the milestones of selling more than 25 million insurance policies that protect more than 14 million customers.

The insurtech, which co-creates solutions for embedded insurance protection with businesses such as Booking Holdings, Intuit, Ryanair and SeatGeek, made the announcement alongside news that it has expanded its executive team to address its continued growth.

Among the executive team changes are the appointments of Kyle Keogh as chief business officer for the Americas and Barney Pierce as interim chief business officer for Europe, the Middle East and Africa and the Asia Pacific.

Darcy Rittinger’s role has also been expanded to chief risk officer.

Angus McDonald, chief executive officer and co-founder of Cover Genius, commented: “Digital companies are increasingly turning their backs on traditional insurers and tapping insurtechs to protect their customers with tailored, embedded solutions.

“Cover Genius is at the forefront of this shift as the only embedded insurtech with global end-to-end capabilities that can bring any solution to market for a partner, regardless of location, language or currency.

“We look forward to expanding our team to bring the next 14M customers seamless embedded protection through XCover.”

More than 14 million customers benefit from Cover Genius’s consumer site, XCover.com, which offers a streamlined online experience and handles initial sales through to administration and claims.

Its service has achieved a post-claims NPS of +65 and is shown to reduce support tickets by 7x.

In the past six months, XCover.com has added six million new customers and Cover Genius projects growth of one million new ones per month as more businesses sign up for its brand of embedded insurance protection.

Image source: Canva