Qover, the insurtech firm focused on embedded insurance orchestration, announces its partnership with UK-based credit card Fintech Yonder, offering its members a seamless and comprehensive travel insurance experience.
Yonder, a lifestyle credit card with a unique rewards program, claims that it “is elevating the insurance experience for its customers through its partnership with Qover.”
As a result, customers are “covered for travel and accommodation expenses that are paid for with their Yonder card.”
This includes coverage for travel essentials, “such as delayed departures or cancellations, family cover, winter sports, lost or stolen baggage, personal liability and more.”
The insurance cover, underwritten “by Lloyd’s of London, is active as soon as someone signs up for Yonder’s full membership.”
Qover has worked closely with Yonder to “create a bespoke insurance offering that amplifies Yonder’s commitment to providing a best-in-class experience for its users.”
Users can now easily “access insurance coverage details, generate instant travel certificates and check claims status directly from its app. Additionally, push notifications from the app keep users informed of any changes in the claim status, ensuring a smooth user experience from start to finish.”
Tim Chong, CEO and co-founder of Yonder, said:
“We believe credit is a broken sector in desperate need of a rebuild, and our partnership with Qover is an exciting step towards [enhancing] credit for the next generation. By integrating Qover’s embedded insurance solutions, we’re able to offer our full membership customers more freedom and less stress when they travel, reinforcing our commitment to making credit more empowering.”
Quentin Colmant, CEO and Co-founder of Qover added:
“This partnership is a testament to our commitment to building a global safety net through innovative insurance solutions. By working with Yonder, we are not only reinforcing our vertical domination in the fintech and financial services sector, but are also contributing to the evolution of financial resilience narratives on a global scale.”
As noted in the update, Qover is an insurtech that “enables companies to provide seamless, tech-driven insurance experiences, enriching their value proposition and driving the user behaviours that fuel growth.”
Qover’s modular embedded insurance orchestration platform “provides meaningful insurance experiences to over 4 million users across 32 European countries, and works with longstanding partners like Revolut, Monzo, Deliveroo, Fisker, Canyon and many others.”