Cover Genius is the insurtech for embedded insurance that protects the global customers of the world’s largest digital companies.
Cover Genius offers embedded protection to multiple industries including airlines, travel and rental companies, retail, financial services, real estate, logistics, ticketing, gig economy and benefit companies and more.
Cover Genius was founded in 2014 by Angus McDonald and Chris Bayley. The company is based in Sydney, Australia, with offices in New York, San Francisco, London, Amsterdam, Tokyo, Singapore, Seoul, Kuala Lumpur, Manila and Sydney.
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' platform is licensed or authorized in more than 60 countries and all 50 US states and delivers personalized insurance and warranty products in any country, language and currency alongside available instant claim payments around the world.
Cover Genius reaches 10.5M customers worldwide, with $1.1m in daily Gross Written Premium (GWP). Its roster of partners include, Booking Holdings, owner of Priceline, Kayak and Booking.com, Intuit, Hopper, Skyscanner, Ryanair, Zip, SeatGeek, among others.
Cover Genius is backed by Dawn Capital, Sompo Holdings, G Squared, King River Capital, Atlas Merchant Capital, Leap Capital, Regal Funds Management, Marinya Capital, and others. The company raised $70M in Series D round on Nov 01, 2022. This brings Cover Genius' total funding to $164.4M to date. The latest round valued the company at over $1B post-money. Cover Genius was previously valued at $700M in Series C round in Sep 2021.