CIBC Innovation Banking announced that it has provided growth financing to Qover, a European-based embedded insurance platform. The funding will be used to support Qover’s continued expansion and growth.
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Qover orchestrates embedded insurance for businesses and insurers across Europe through a flexible, API-first tech platform that gives distribution partners more control over their insurance program.
“Insurance is complex, but it doesn’t have to be – and we’re proving that every day with our partners,” said Quentin Colmant, CEO and Co-founder at Qover. “CIBC Innovation Banking’s support lets us double down on building the platform and services that make embedded insurance actually work at scale, helping more businesses succeed across Europe.”
“We are delighted to be funding Qover as it continues on its impressive growth trajectory,” said Sean Duffy, Managing Director of CIBC Innovation Banking UK & Europe. “In a fast moving world, embedded insurance is becoming an increasingly important offering, both to leading brands and to their customers.”
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