’We’re excited about the opportunities that lie ahead,’ says chief executive

Zurich has entered into a strategic partnership with insurtech scaleup Qover as it looks to expand its proposition in embedded insurance, a statement released yesterday (6 July 2023) said.

The partnership, which has been secured through Zurich’s innovation arm Global Ventures, will see the insurer find new ways to distribute insurance products and services to customers.

As part of the move, Zurich will also be joining the Qover’s series c funding round, which stands at $30m (£23m) – other funding round participants include Alven, Anthemis and Kreos Capital.

Jack Howell, chief executive of Zurich Global Ventures, said: “What makes Qover stand out for me is its deep understanding of what customers are looking for – a way to make getting insurance 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.”


The funding round will support the insurtech in its expansion and foster more strategic partnerships.

Founded in 2016 by Quentin Colmant and Jean-Charles Velge, the insurtech’s vision was to simplify the future of insurance with its embedded insurance proposition.

The Belgium-based firm now operates in 32 European markets, including the UK, and has more than 2.5 million users.

It has plans to open in six other European markets this year. 

It also works with the likes of Revolut and Monzo – the former of which has entered the insurtech sector.

Colmant said: “By combining our technology and expertise, we’ll be able to push boundaries, providing businesses and individuals even more convenient and timely protection they need in a changing world.

“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.

”We are incredibly proud of what our team has accomplished.

”With their resilience as our driving force, we’re excited about the opportunities that lie ahead as we continue to push boundaries and shape the future of insurance.”