Cover Genius

Cover Genius is a multi award winning technology-based insurance services company. The company write and price customized policies for local markets, adapts it for other countries and underwriters; and translates them to over 20 languages.

Cover Genius’ vision is to protect all the customers of the world’s largest digital companies.

Cover Genius was founded in 2014 by Angus McDonald and Chris Bayley. The company is based in Sydney, New South Wales, Australia, with offices across Asia, America and Europe.

Cover Genius works with multiple underwriters around the World to deliver regulated policies to dozens of the largest internet companies, including the NYSE-listed Booking Group (formerly known as Priceline group).

Cover Genius is the parent of RentalCover.com & BrightWrite. Its technologies include XCover, a distribution platform providing coverage for any line of insurance in any country, language and currency. XCover was developed after the early success of Rental Cover in the mobility space.

 

Cover Genius' XClaim, is an API for real-time payment of approved claims. It handles tens of thousands of instant claim payments in 90+ currencies via bank transfer, and it also allows partners to choose to remit via store credits, e-wallet and card top-ups.

 

Cover Genius' partners include Booking.com, the largest travel company globally, Shipstation, Automatrix, AXS, eBay and many more utilize Cover Genius to sell millions of policies per year in the 60+ countries and 50 US States where Cover Genius is licensed. as an MGA or carrier.

 

Cover Genius is backed by King River Capital, Leap Capital, Regal Funds Management, Marinya Capital and others. The company raised £8.3M ($10.8M) in a new round on Oct 12, 2020. This brings Cover Genius' total funding to $22.4M to date.

 

Cover Genius is one of the fastest growing insurtechs globally and ranked #1 by the Financial Times as the fastest growing company in Asia Pacific in 2020. Cover Genius was ranked 61st on the 2017 Fintech100 List.

 

 

  • Year founded: 2014
  • Funding Info: $22.4M over 4 Rounds (Latest Funding Type: Series C)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Sydney
  • State: New South Wales
  • Country: Australia
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