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Qover

Provider
Insurance

Embedded-finance provider tracked in the Embedded Finance Index — disclosed by 17 companies across 1 category.

qover.com ↗Also analysed as a company — its own stack →Open Banking Tracker profile ↗
CategoriesInsurance
Rank#2 of 61 in Insurance
Buyers17 companies
HeadquartersBrussels, Belgium
Founded2016
FoundersQuentin Colmant, Jean-Charles Velge
Raised$100M+

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Founders & story · from Qover’s own dossier

Founded 2016 in Brussels as a pan-European embedded insurance orchestration platform. Built an API-first MGA model that lets brands embed insurance into their products across 32+ countries while Qover handles policy, regulatory, claims and customer care. Increasingly positioned as the infrastructure layer banks use to become MGAs themselves — exemplified by the 2026 ING partnership, which moves Qover from distribution tooling to white-label MGA-enablement.

Latest round: Growth capital facility, 2026
Recent developments
  • 2026-04ING launches as MGA powered by Qover platform, serving 800,000 insurance customers. source ↗
  • 2026-04CIBC Innovation Banking provides €10m / $12M growth financing facility. source ↗
  • 2026-03Cresco advises on growth capital facility close. source ↗
  • 2026-01Plum launches worldwide travel protection powered by Qover. source ↗
Full dossier: Qover’s own stack, layer by layer →
In the press
embeddedfinancereview.com ↗
Coverage of Qover sourced from Embedded Finance Review — a content partner for this report. All articles are © their original authors; click any card to open the source.
◇ article2025-04-23
Visma Acquires Accountable: A Step Towards Embedded Finance & BMW's New Embedded Insurance with Qover
Visma acquires Accountable, signaling a move towards embedded finance. Plus, BMW and Mini Ireland launch embedded car insurance with Qover, and Froda secures $23M in Series B funding. Stay updated with the latest industry news, provider spotlights, and event updates.
Source · Embedded Finance Review ↗
◇ article2025-04-23
BMW and Mini Ireland Launch Embedded Car Insurance with Qover
BMW and Mini Ireland launch embedded car insurance with Qover enabling online policy management. Why this integrated approach differs from automotive rivals.
Source · Embedded Finance Review ↗
Who uses Qover
17 companies disclose Qover in their stack
HelvetiaMastercardINGCowboyWoltQontoCanyonBMWLydiaAnthemisBNP ParibasTUI+5 more
Buyer mix · 16 of 17 classified
Bank / National · 2Fintech / Neobank · 2Marketplace / Food delivery · 2Automotive / OEM · 1E-commerce / DTC brand · 1Fintech / Consumer banking · 1Fintech / Insurtech · 1Fintech / Investment · 1
EU · 12UK · 3US · 1
What the disclosures say
Mastercard
“Multiple TIER 1 sources (insurtechdigital.com, fintech.global, ibsintelligence.com) confirm Mastercard partnered with Qover to deliver embedded return shipping cost protection for credit cardholders in Belgium and Luxembourg, launched November 2024.”
ING
“Qover press releases: 'ING and Qover unveil ING Do More with embedded insurance program' (July 2023) and 'ING launches as an MGA with Qover as its technology partner' (April 2026). openbankingtracker.com lists ING as a Qover customer.”
Cowboy
“Around 50% of buyers opt in for one of the insurance packages.' URL: https://www.qover.com/case-studies/ebike-insurance-cowboy-testimonial”
View source · qover.com ↗
Wolt
“Qover press release (qover.com): 'Food delivery platform Wolt chooses Qover to insure its riders — Qover is launching an on-demand insurance package for Wolt couriers in Finland, Norway and Denmark.' Onsi case study also references an insurance programme for 240,000+ courier partners, suggesting Onsi may also be involv…”
Qonto
“Qover press release (Feb 2023) confirms Qonto uses Qover's embedded insurance orchestration platform for card insurance across 350k+ businesses in France, Germany, Spain and Italy.”
Canyon
“Qover publicly lists Canyon as a customer (known_customer_listings).”
The complete buyer list and each company’s full embedded-finance stack are in the Embedded Finance Index report. Represent Qover? Claim this profile above to unlock your own full list.
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Alternatives to Qover

Other Insurance providers in the index, by the number of companies that disclose them. A count of public disclosures, not a ranking of the products.

Cover Genius35 buyers →Sure9 buyers →Zego9 buyers →Coverdash7 buyers →Allianz6 buyers →Authentic Insurance6 buyers →AXA5 buyers →Chubb5 buyers →
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Ranked #2 of 61 in Insurance — Embedded Finance Index 2026
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Qover — frequently asked

Which companies use Qover?

17 companies disclose Qover in their stack in the Embedded Finance Index 2026, including Helvetia, Mastercard, ING, Cowboy, Wolt, Qonto, Canyon, BMW, Lydia, Anthemis and 2 others.

What does Qover do?

Qover is an embedded-finance provider in Insurance. It ranks #2 of 61 Insurance providers by disclosed buyers.

What are the alternatives to Qover?

The most-disclosed Insurance alternatives to Qover are Cover Genius (35 buyers), Sure (9 buyers), Zego (9 buyers), Coverdash (7 buyers), Allianz (6 buyers) and Authentic Insurance (6 buyers).

Who founded Qover?

Qover was founded by Quentin Colmant and Jean-Charles Velge and is founded in 2016, headquartered in Brussels, Belgium.

How much funding has Qover raised?

Qover has raised $100M+ in total.

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