Cover Genius
B2B insurance and warranty API
See open opportunities
To protect all the customers of the world’s largest digital companies.
Employees
201-500
HQ Location
Hudson Square, New York, NY
OTTA INSIGHTS
Some candidates hear
back within 2 weeks
30% employee growth in 12 months
Xav Kearney
CTO of Otta
Insurance plans and warranties are staples of a successful digital company, but setting them up is challenging. Businesses must compare and write contracts with insurance providers which require the expensive assistance of legal and financial teams, Add to this the cost of web designers who can embed the service online, and insurance and warranties quickly become unaffordable to smaller businesses.
Cover Genius provides end-to-end APIs called XCover and XClaim for embedding insurance and warranty plans onto online stores, preventing the business from having to compare, arrange and deploy insurance plans themselves. The company's policies are for any business, can be translated into over 40 languages, and are designed to be read easily without unnecessary jargon.
Whilst other insurtech companies offer similar services to Cover Genius, the company has uniquely focused on ensuring its plans are easily readable, translatable, and dynamically priced based on personal requirements. Although the company initially aimed to facilitate insurance and warranty plans for smaller businesses, it also partners with large enterprises such as Ryanair, Amazon, and eBay.
Last 2 fundraises
Sep 2021
$70m
SERIES C
Nov 2022
$70m
SERIES D
This company has top investors
Company benefits
Founders
Angus McDonald
(CEO)They were the General Manager of Emerge Digital. Formerly the VP of International Business Development for iClick Interactive Asia Limited.
Chris Bayley
(CIO)They were the former Business Development Manager for Google. Previously an Investor and Executive Director of Software.com from 2009 to 2019.
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Software Engineering
Product
Other Engineering