This momentous achievement is particularly important as it follows Qover’s seven years of operation in the UK and marks its continued growth trajectory across Europe, post-Brexit.
The FCA authorisation represents a significant step in Qover’s business journey, particularly after the uncertainties of Brexit. This authorisation further underscores Qover’s commitment to maintaining the highest standards of regulatory compliance and excellence, positioning the company for future growth.
Established as a leader in embedded insurance orchestration, Qover has been actively operating in the UK market for the past seven years. The company serves as an intermediary platform, linking insurance providers and business ecosystems, and facilitates the integration of insurance solutions into various business platforms.
Securing this FCA full authorisation allows Qover to operate under a fully regulated framework that adheres to stringent industry standards. This compliance with regulatory requirements enhances the company’s reputation and opens doors to collaborative opportunities in both the UK and European landscapes.
The full authorisation has placed Qover in a more advantageous position for forging partnerships with market-leading risk carriers. This regulatory approval also serves to protect Qover’s business partners and their customers.
This accomplishment is a direct result of the company’s collaborative and customer-centric approach, which has been a cornerstone of its operations over the past years.
Qover CEO and Co-founder Quentin Colmant said, “Securing the FCA license is a testament to our strong commitment to delivering excellence. We’ve been working diligently in the UK over the past few years, and this license marks a pivotal moment in solidifying our positioning in the market and fuelling our growth in the years ahead. Additionally, we are committed to collaborating with market-leading risk carriers to protect our partners and their customers.”
Caroline Hanotiau, General Counsel at Qover, said, “This accomplishment solidifies Qover’s role as a trusted partner for businesses and their valued customers, reinforcing our commitment to delivering top-tier solutions. At Qover, we firmly believe in the power of collective effort. I take immense pride in witnessing our team’s dedication and customer-centric approach throughout this journey.”
Earlier this year, Qover was lauded a 2023 Technology Pioneer by World Economic Forum.
Source: Fintech Global
