“With 70% of customers wanting embedded insurance integrated into their online experiences, our XCover distribution platform is helping some of the world’s largest global companies exceed their customer expectations of what insurance can be with a single API call,” said Angus McDonald, CEO and co-founder of Cover Genius. “Our technology, licensed in more than 60 countries and all 50 US states, gives our partners the ability to protect their customers, regardless of location, currency or language. This strategic investment will help us expand our capabilities into markets equipped for new lines of distribution.”

https://www.globenewswire.com/news-release/2021/09/28/2304019/0/en/Cover-Genius-Secures-100M-in-Series-C-Round-Driven-by-Sompo-Holdings-Asia-to-Expand-its-Embedded-Insurance-Platform.html